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Fusion-io Q2 revenue down to $94.5m from $120.6m

Staff writer ▼ | January 23, 2014
Fusion-io announced its financial results for its fiscal second quarter ended December 31, 2013. The company reported revenue of $94.5 million, compared to $120.6 million for the same quarter of 2013.
Fusion-io
Fusion-ioFusion-io announced its financial results for its fiscal second quarter ended December 31, 2013. The company reported revenue of $94.5 million, compared to $120.6 million for the same quarter of 2013.


Net loss for the fiscal second quarter of 2014 was $21.3 million, or a net loss per diluted share of $0.20, compared to net income of $1.7 million, or net income per diluted share of $0.02, in the fiscal second quarter of 2013. Gross margin for the fiscal second quarter of 2014 was 56.1%. Operating margin for the fiscal second quarter of 2014 was a negative 22.2%.

Non-GAAP net loss for the fiscal second quarter of 2014 was $6.4 million, or a net loss per diluted share of $0.06, compared to non-GAAP net income of $13.7 million, or $0.13 per diluted share in the same quarter of 2013. Non-GAAP gross margin for the fiscal second quarter of 2014 was 57.6%. Non-GAAP operating margin for the fiscal second quarter of 2014 was a negative 11.4%. A complete reconciliation of GAAP to non-GAAP results is set forth in the attachment to this press release.

Cash and cash equivalents totaled $244 million at the end of fiscal second quarter 2014, an increase of $18.7 million from the prior quarter-end. Inventory was $80.3 million at the end of fiscal second quarter 2014, an increase of $6.2 million from the prior quarter-end.

Capital expenditures were $2.6 million in fiscal second quarter 2014 and $5.8 million fiscal year-to-date. Operating cash flow was $13.0 million for the fiscal second quarter 2014 with cash used in operations of $4.1 million for the fiscal year-to-date.


 

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