Dataram: Fiscal 4Q12 Financial Results

(in US$ million)	4Q11	4Q12	12 mo. 11	12 mo. 12
Revenues	11.3	7.0	46.8	36.1
*Growth*		-38%		-22%
Net income (loss)	0.8	3.0	4.6	3.3

Dataram
Corporation
reported its financial results for its fourth fiscal quarter and year
ended April 30, 2012.

Revenues for the fourth quarter and
twelve months of fiscal 2012 were $7.0 million and $36.1 million,
which compares to $11.3 million and $46.8 million for the comparable
prior year periods. The company reported net income of $3.0 million
for the fourth quarter as a result of the sale of patents which
compares to a net loss of $0.8 million for the comparable prior year
period. The twelve month net loss totaled $3.3 million versus $4.6
million for the prior comparable period.

John H. Freeman, Dataram’s
president and CEO commented: "I am disappointed in this
year’s revenue decline after two years of growth outpacing the
industry. The primary factor impacting revenue was a 43% industry
decline in material cost per gigabyte. I look forward to a return to
growth this year.

We were able to monetize
our patent portfolio in the fourth quarter with the sale and license
back of 13 patents which contributed $4.1M to our business. I am
especially pleased with our patent sale since it was a result of a
new and successful initiative Dataram started in 2009 to build a
patent portfolio.

In the third quarter we
began to reallocate resources to our RAMDisk product. Since then
RAMDisk has generated increasing interest and presence in the
personal and commercial marketplace. It is a price performance leader
in the virtual RAM drive software market and is being used in
specialized commercial products.

Our web sales tripled and
now contribute over 12% of our business. We’ve invested in developing
a unique web based quote to order app that results in Dataram being a
more responsive and valued partner and supplier to our customers."

Freeman concluded: "We
are actively pursuing and working on opportunities that we expect
will generate growth and profits for Dataram in 2013 and beyond. The
experiences, knowledge and assets we have gained in the development
and sales of caching software and solid state products are a strong
foundation for growth. Clients and partners are pursuing us to work
with them in these areas. We have secured financing and instituted
expense containment actions that we believe are necessary to sustain
the company."