Dataram: Fiscal 3Q15 Financial Results

(in $ million)	3Q14	3Q15	9 mo. 14	9 mo. 15
Revenue	7.6	8.1	22.4	22.7
*Growth*		7%		1%
Net income (loss)	(0.8)	(0.7)	(2.1)	(2.9)

Dataram Corporation reported its financial results for the three and nine months ended January 31, 2015.

Revenues for the three and nine months ended January 31, 2015 were $8.1 million and $22.7 million, respectively, which compares to $7.6 million and $22.4 million for the comparable prior year periods.

The company incurred a net loss for the three months ended January 31, 2015 of $668,000 which is a decrease of 21% over the same period in the previous year. The net loss per share for the three and nine months ended January 31, 2015 included non-cash preferred stock dividends of $1.6 million.

“Dataram is continuing to aggressively transform, executing against our strategic priorities of cost reduction and sales expansion. We implemented more than $2.3 million in net annual operating cost reductions in the last 90 days,” said David A. Moylan, chairman and CEO. “And are also taking bold steps forward across all areas of our business to profitably deliver existing solutions and introduce new solutions to our customers, and extend our leadership in the technology sector.”

“We are disciplined in our approach to using financial and operational excellence to improve performance, and intend to make focused investments that drive meaningful growth for the business while increasing capital return to shareholders,” said Anthony Lougee, chief accounting Officer.

“We are seeing a very positive response to our transformation from both existing customers and potential new customers.” said Phil Marino, VP global sales. “They recognize the Dataram brand as well as our reputation and are enthusiastic to engage with us to benefit from the unique product and service value we bring to the memory business.”