Crossroads Systems (CRDS) Reports Q2 Loss Per Share of $0.19

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Crossroads Systems Reports Fiscal Second Quarter 2015 Financial Results

June 4, 2015 4:05 PM EDT

AUSTIN, Texas, June 4, 2015 /PRNewswire/ -- Crossroads Systems, Inc. (NASDAQ: CRDS), a global provider of data storage solutions, reported financial results for its fiscal second quarter ended April 30, 2015.

Revenue for fiscal Q2 2015 was $1.7 million, compared to $2.3 million in the same quarter a year ago. The decrease is primarily attributable to a decrease in custom development revenue as well as an expected decrease from our OEM SPHiNX product. Gross profit for fiscal Q2 2015 was $1.3 million, or... More