Storage Area Networks Announces Q1 Results -

Storage Area Networks Announces Q1 Results

Download the authoritative guide: Enterprise Data Storage 2018: Optimizing Your Storage Infrastructure

SAN Holdings Inc., dba Storage Area Networks, a supplier of integrated data storage solutions and data storage appliances and services reported lackluster results for the first quarter, 2001.

Revenues for the three months ended March 31, 2001 were $3,369,000 with Gross Profit of $699,000 (21%). SG&A expenses were $1,659,000 yielding EBITDA loss of $827,000 and a loss from operations of $1,070,000. The company reported an after tax loss of $1,066,000. The company spent $310,000 on engineering and marketing introduction of its SANZstream and GEMS data appliance and service offerings in the quarter.

John Jenkins, CEO, said, "The March quarter is typically slow for both the commercial and federal sectors of our business. This was aggravated in our commercial base by the widespread capital spending slow down resulting from the general economic uncertainty. Our federal business also slowed as a large client took longer than expected to make a multi-site technology decision, delaying a project award that is now anticipated in the second quarter.

"We expect improved results in our second quarter with revenues between $5,500,000 and $6,700,000," Jenkins continued. "Proposal activity has increased sharply, and we see other signs that the commercial sector is coming back to life. Our investment in additional sales staff and our new Sun Microsystems relationship is generating additional momentum and our federal business is entering its stronger buy-cycle period."

Comment and Contribute


(Maximum characters: 1200). You have characters left.



Storage Daily
Don't miss an article. Subscribe to our newsletter below.

By submitting your information, you agree that may send you ENTERPRISEStorageFORUM offers via email, phone and text message, as well as email offers about other products and services that ENTERPRISEStorageFORUM believes may be of interest to you. ENTERPRISEStorageFORUM will process your information in accordance with the Quinstreet Privacy Policy.

We have made updates to our Privacy Policy to reflect the implementation of the General Data Protection Regulation.
Thanks for your registration, follow us on our social networks to keep up-to-date