Last $2.69 USD
Change Today -0.16 / -5.61%
Volume 129.8K
CRDS On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 4:30 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

crossroads systems inc (CRDS) Snapshot

Open
$2.85
Previous Close
$2.85
Day High
$2.85
Day Low
$2.65
52 Week High
06/26/14 - $3.71
52 Week Low
10/8/13 - $0.69
Market Cap
41.5M
Average Volume 10 Days
169.1K
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.

48 Employees
Last Reported Date: 01/23/14
Founded in 1996

crossroads systems inc (CRDS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $238.6K
Chief Operating Officer
Total Annual Compensation: $253.4K
Executive Vice President of Strategy and Busi...
Total Annual Compensation: $254.1K
Compensation as of Fiscal Year 2013.

crossroads systems inc (CRDS) Key Developments

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.

Crossroads Partners with Qualstar to Deliver Reliable, Cost-Effective Archiving Solutions

Crossroads Systems, Inc. announced that Qualstar will now offer the Crossroads ReadVerify(R) Appliance (RVA(R)) with the ArchiveVerify(TM) (AV) feature alongside its time-tested library systems. The partnership expands on the cooperation between the two companies that began in late 2012 when Crossroads announced StrongBox interoperability with Qualstar tape libraries. Qualstar will offer its tape library customers the Crossroads RVA and AV solution set, which is specifically designed to slash long-term storage expenses and simplify data management, access and protection.

 

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