Qualstar: Fiscal 1Q15 Financial Results

Results for the Three Months Ended September 30, 2014 vs 2013

- Revenue increased 50% or $1.1 million to $3.3 million from $2.2 million

- Data storage revenue increased 58% or $0.7 million to $1.9 million from $1.2 million

- Power supply revenue increased 40% or $0.4 million to $1.4 from $1.0 million

- Gross profit increased 140% or $0.7 million to $1.2 million from $.5 million

- Total operating expenses decreased 50% or $1.5 million to $1.5 million from $3.0 million

- Net loss was $0.3 million or ($.03) per basic and diluted share versus $2.5 million or ($.21) per basic and diluted share, an 88% decrease in losses

- Cash, cash equivalents and marketable securities for quarter ended September 30, 2014 was $6.7 million versus $11.8 million at September 30, 2013

(in $million)1Q141Q15Growth
Total Revenue2.23.351%
Net income (loss)(2.3)(0.3) 
Author: Anonymous

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