Qualstar: Q2 Preliminary Financial Results
Revenues are expected to be in the range of $5.85 to $5.95 million.
This is a Press Release edited by StorageNewsletter.com on January 8, 2008 at 4:02 pmQualstar Corporation, a manufacturer of automated tape storage solutions and
high-efficiency power supplies, announced that preliminary
revenues for the second quarter of fiscal 2008 ended December 31, 2007
are expected to be in the range of $5.85 to $5.95 million, which is near
the high-end of its previously disclosed guidance range of $5.2 to $6.1
million. On a sequential basis, this is an improvement over the net
revenues of $5.3 million reported by the Company for the first quarter
of fiscal 2008 ended September 30, 2007.
Commenting on the preliminary second quarter results, William Gervais,
president and chief executive officer of Qualstar Corporation stated, “The
strength of our second quarter preliminary revenues was the result of
gains across several tape library technologies. In addition, I continue
to be pleased with the performance of our N2Power business, which is
well positioned to capitalize on the strong demand for our
highly-efficient power supplies resulting from increasing worldwide
energy concerns.”
Subscribe to our free daily newsletter
