Compellent: Fiscal 4Q07 Financial Results

(in US$ millions)	4Q06	4Q07	FY06	FY07
Revenues	7.5	16.9	23.3	51.2
*Growth*		125%		*120%*
Net income (loss)	(1.8)	(2.0)	(6.8)	(7.8)

Compellent Technologies, Inc. announced its
financial results for the fourth quarter and full year ended December
31, 2007.

Revenue for the fourth quarter of 2007 was $16.9 million, an
increase of 124 percent from $7.5 million a year ago, and up 26 percent
from the third quarter. Gross margin was 51.4 percent, up 6.8 percentage
points from the fourth quarter of 2006 and 1.5 percentage points from
the third quarter of 2007.

“Our strong finish in 2007 is evidence of our
team’s execution and delivery of a
game-changing storage solution to a fast-expanding group of passionate
end users,” said Phil Soran, president and CEO
of Compellent. “The growing demand for our
scalable, virtualized storage solution is the result of our ability to
lower storage costs for midsized enterprises.”

Financial highlights include:

For 2007, revenue increased 119 percent to $51.2 million from $23.3
million in 2006.
As of December 31, 2007, the number of end users totaled 740, up 107
percent from December 31, 2006.
Excluding the effect of stock-based compensation, net loss was $(1.5)
million for the fourth quarter of 2007 compared to $(2.0) million for
the fourth quarter of 2006.
For 2007, net loss excluding the effect of stock-based compensation,
was reduced to $(7.1) million from $(13.1) million in 2006.
The company ended 2007 with cash and short-term investments totaling
$93.7 million.

“The industry is continuing to recognize
Compellent’s leadership in driving out costs
and energy consumption from the data center,”
said Mr. Soran. “Businesses and the channel
alike are turning to energy-efficient networked storage systems and a
clear product strategy that can deliver on the promise of the new,
virtual data center.”

Compellent Technologies, Inc.
.