Roth Capital Cuts Price Target on Crossroads Systems (CRDS) Following Mixed 4Q Results

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Go back to Roth Capital Cuts Price Target on Crossroads Systems (CRDS) Following Mixed 4Q Results

Crossroads Systems Reports Fiscal Fourth Quarter and Full Year 2015 Financial Results

December 14, 2015 4:03 PM EST

AUSTIN, Texas, Dec. 14, 2015 /PRNewswire/ -- Crossroads Systems, Inc. (NASDAQ: CRDS), a global provider of data storage solutions, reported financial results for its fiscal fourth quarter and full year ended October 31, 2015.

Fiscal Q4 and Full Year 2015 Financial ResultsTotal revenue for fiscal Q4 2015 decreased 32% to $1.8 million from $2.6 million in the same quarter a year ago. The decrease is primarily due to lower revenue from our SPHiNX OEM and StrongBox products. 

Total revenue for the fiscal full year... More