Dot Hill improves revenue in first quarter
Last Updated: 15:29 May 8, 2014
Longmont-based Dot Hill (Nasdaq: HLL) reported revenue of $48.2 million for the first quarter compared with $44.5 million for the same period a year ago.
The company reported a net loss of $400,000, or 4 cents per diluted share, for the quarter, compared with a net loss of $1 million, or 2 cents per diluted share, for the same quarter a year ago.
Dana Kammersgard, Dot Hill's chief executive, said he is confident the company will meet its 2014 goal of 45 percent growth.
"This anticipated growth primarily comes from existing customers with existing products who are still in the early stages of their revenue ramps and from some of these same customers with new products that we expect to launch later this year," Kammersgard said. "Our growth is not dependent on revenue from new prospects."
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