Crossroads Systems Reports First Quarter Results; Loss Narrows, Quarterly Revenues Up 6 Percent, Operating Expenses Down 12 Percent.
Business Wire › February 20, 2002
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Crossroads Systems Reports First Quarter Results; Loss Narrows, Quarterly Revenues Up 6 Percent, Operating Expenses Down 12 Percent.
Business Editors & High-Tech Writers
AUSTIN, Texas--(BUSINESS WIRE)--Feb. 20, 2002 Crossroads Systems Inc. (Nasdaq:CRDS) a global provider of connectivity for storage networking solutions, today reported results for its fiscal first quarter ended Jan. 31, 2002. Total revenues for the first quarter of fiscal 2002 were $9.2 million compared with $8.7 million for the fourth quarter of fiscal 2001 and $10.0 million in the first quarter of fiscal 2001. Net loss for the first quarter of fiscal 2002 was $6.4 million, or $0.23 per share. Net loss for t...See the full content of this document
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