nStor Technologies Reports First Quarter Results

nStor Technologies a supplier of enterprise-class computer storage solutions, today announced results for the first quarter ended March 31, 2001.

Net loss available to common stock for the 2001 first quarter was $3.6 million, or $0.10 per share, on revenues of $6.2 million, compared with net income of $2.4 million, or $0.06 per dilutive share, on revenues of $12.5 million reported for 2000’s first quarter. The 2000 first quarter results include a one time $5.6 million gain on the sale of certain assets.

Commenting on the results, Larry Hemmerich, chief executive officer of nStor, said, “With respect to our Q1 results, we have seen a market impact due to the overall economic slowdown and delayed purchasing cycles. However, we remain optimistic that the significant number of national and international OEM and channel relationships that we’ve developed since the latter portion of 2000, as well as the recent success of our product strategy, will proliferate our growth beginning in the second half of 2001.”

Latest Articles

How to Secure Direct-Attached Storage (DAS): 5 Steps

Direct-attached storage (DAS) security is critical for all companies that use solid-state drives (SSDs), hard disk drives (HDDs), or arrays in conjunction with their...

Network-Attached Storage (NAS) Security: Everything You Need to Know

Network-attached storage (NAS) security is the measures a company takes to protect critical enterprise and customer data within NAS environments from both internal and...

What is Direct-Attached Storage (DAS) Security?

Direct-attached storage (DAS) security helps businesses protect the data stored on their flash drives, hard disk drives (HDDs), and arrays.  DAS connects directly to computers...