Operating loss increased to $1.3m for Q3 2010
Dot Hill has reported net revenue of $62m for the third quarter of 2010, a marginal decrease of 3.1% compared to $64m for the same period last year.
The company posted an operating loss of $1.3m for the third quarter of 2010, compared to an operating loss of $1.2m for the same period last year.
For the third quarter ended 30 September 2010, the company posted net loss of $1.3m, compared to a net loss of $1.1m for the period a year ago.
Net loss per diluted share remained flat at $0.02 for Q3 2010.
Dot Hill president and CEO Dana Kammersgard said he is pleased to report that they achieved non-GAAP operating profit in the third quarter.
"Delivering profitability is an important event for us and a goal that we have been working towards for a long time," Kammersgard said.
"While we have a lot of work ahead of us, we believe that our Q3 results demonstrate the viability of our strategy and represent the potential for a new beginning for Dot Hill."