Last $2.67 USD
Change Today +0.02 / 0.75%
Volume 13.0K
CRDS On Other Exchanges
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As of 12:25 PM 11/24/14 All times are local (Market data is delayed by at least 15 minutes).

crossroads systems inc (CRDS) Snapshot

Open
$2.62
Previous Close
$2.65
Day High
$2.68
Day Low
$2.56
52 Week High
06/26/14 - $3.71
52 Week Low
11/25/13 - $1.42
Market Cap
41.2M
Average Volume 10 Days
45.0K
EPS TTM
$-0.62
Shares Outstanding
15.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CROSSROADS SYSTEMS INC (CRDS)

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crossroads systems inc (CRDS) Details

Crossroads Systems, Inc. provides data protection solutions and services worldwide. The company’s products include StrongBox, an enterprise-level network attached storage solution based on tape for long-term data protection and preservation; and SPHiNX, a virtual tape system that provides data protection to reduce the complexity of data backup and disaster recovery for data center customers. Its products also comprise ReadVerify appliance, which monitors tape media usage and health of tape resources; and Fibre Channel (FC) storage bridges and storage routers that offer connectivity and protocol conversion from the FC storage area network to small computer system interface tape and disk storage device interfaces. The company delivers its products as software through a hardware appliance. In addition, it provides post contract support and professional services. The company sells its products to end user customers, such as small businesses, government agencies, and multinational corporations through a network of original equipment manufacturers, system integrators, value added resellers, and other strategic partners. Crossroads Systems, Inc. was founded in 1996 and is headquartered in Austin, Texas.

47 Employees
Last Reported Date: 09/10/14
Founded in 1996

crossroads systems inc (CRDS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $472.5K
Chief Operating Officer
Total Annual Compensation: $235.0K
Executive Vice President of Strategy and Busi...
Total Annual Compensation: $250.0K
Compensation as of Fiscal Year 2014.

crossroads systems inc (CRDS) Key Developments

Crossroads Systems, Inc. Provides Preliminary Earnings Guidance for the Fourth Quarter and Full Year Ended October 31, 2014

Crossroads Systems, Inc. provided preliminary earnings guidance for the fourth quarter and full year ended October 31, 2014. For the quarter, the company expects to report $2.5 million to $2.6 million in total revenue as compared to $2.1 million for the quarter ended July 31, 2014. The principal factor in the expected quarterly revenue increase is the increase in expected StrongBox unit sales revenue over the prior quarter. The company expects total revenue to reflect a decrease from the $3.6 million reported for the three months ended October 31, 2013, due to a reduction in revenue received from the OEM SPHiNX product as HP transitions the product to their own platform. Year over year, The company expects to report decreased revenue due to the decrease in OEM SPHiNX revenue. The company expects to report a loss from operations of $1.7 million to $1.9 million for the three months ended October 31, 2014, reflecting an increased loss as compared to the $1.7 million loss reported for the three months ended July 31, 2014, due to increased IP litigation and additional year-end expenses. The company expects to report a decreased loss from operations from that reported in the three months ended October 31, 2013 due to reduced expenses from the October 2013 reduction in force. Year over year, The company expects to report decreased loss from operations due to the company's decreased headcount and related expenses. For the year, the company expects total revenue to be in the range of $11.0 million to $11.1 million and loss from operations to be in the range of $5.7 million to $5.9 million.

Crossroads Seeks Acquisitions

Crossroads Systems, Inc. (NasdaqCM:CRDS) is looking for acquisition opportunities. Crossroads has announced a fixed income offering and intends to use the net proceeds to acquire and invest in other products, technologies or businesses. Currently, Crossroads have no agreements or commitments to complete any such transaction and are not involved in negotiations to do so.

Crossroads Systems, Inc. Reports Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended July 31, 2014; Provides Earnings Guidance for 2014

Crossroads Systems, Inc. reported consolidated unaudited earnings results for the third quarter and nine months ended July 31, 2014. For the quarter, the company reported total revenue was $2,087,000 compared with $2,794,000 for the same period last year. Loss from operations was $1,716,000 compared with $3,612,000 for the same period last year. Net loss available to common stockholders was $2,353,000 or $0.16 basic and diluted per share compared with $4,056,000 or $0.34 basic and diluted per share for the same period last year. For the nine months, the company reported total revenue was $8,506,000 compared with $9,082,000 for the same period last year. Loss from operations was $3,911,000 compared with $10,577,000 for the same period last year. Net loss available to common stockholders was $7,672,000 or $0.56 basic and diluted per share compared with $12,015,000 or $1.01 basic and diluted per share for the same period last year. Net cash used in operating activities was $2,482,000 compared with $10,039,000 for the same period last year. Purchase of property and equipment was $71,000 compared with $334,000 for the same period last year. The decrease is primarily attributable to a decrease in the company's OEM SPHiNX business. The company is confident that the future revenues from StrongBox, combined with its considerable IP licensing opportunity and protection from taxation by its $128 million NOL, will provide strong returns for its investors.

 

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CRDS

Industry Average

Valuation CRDS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.3x
Price/Book 28.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales 2.4x
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