Fusion-io, Inc. (NYSE: FIO) $16.63. Announced Wednesday after market close its financial results for its fiscal third quarter ended March 31, 2013. Fusion-io reported revenue of $87.7 million for the fiscal third quarter 2013, down 7% from $94.2 million for the same quarter of 2012 and down 27% from $120.6 million for the preceding quarter. Net loss for the fiscal third quarter of 2013 was $20.0 million, or a net loss per diluted share of $0.21, compared to a net loss of $4.7 million, or a net loss per diluted share of $0.05, in the fiscal third quarter of 2012. Gross margin for the fiscal third quarter 2013 was 55.1%. Operating margin for the fiscal third quarter 2013 was a negative 32.5%.
Non-GAAP net loss for the fiscal third quarter of 2013 was $3.2 million, or a net loss per diluted share of $0.03, compared to non-GAAP net income of $6.9 million, or net income per diluted share of $0.06, in the same quarter of fiscal 2012. Non-GAAP gross margin for the fiscal third quarter 2013 was 59.9%. Non-GAAP operating margin for the fiscal third quarter 2013 was a negative 8.2%.
What They Do: Fusion-io delivers the world's data faster. Fusion ioMemory platform and software defined storage solutions accelerate virtualization, databases, cloud computing, big data and performance applications.
Infinera Corporation (Nasdaq: INFN) $6.66. Announced Wednesday after market close financial results for the first quarter ended March 30, 2013. GAAP revenues for the first quarter of 2013 were $124.6 million compared to $128.1 million in the fourth quarter of 2012 and $104.7 million in the first quarter of 2012. GAAP gross margin for the first quarter of 2013 was 34% compared to 34% in the fourth quarter of 2012 and 39% in the first quarter of 2012. GAAP net loss for the quarter was $(15.3) million, or $(0.13) per share, compared to net loss of $(16.1) million, or $(0.14) per share, in the fourth quarter of 2012 and net loss of $(20.6) million, or $(0.19) per share, in the first quarter of 2012.
Non-GAAP gross margin for the first quarter of 2013 was 36% compared to 36% in the fourth quarter of 2012 and 40% in the first quarter of 2012, excluding non-cash stock-based compensation expenses. Non-GAAP net loss for the first quarter of 2013 was $(7.3) million, or $(0.06) per share, compared to net loss of $(6.0) million, or $(0.05) per share, in the fourth quarter of 2012 and net loss of $(11.2) million, or $(0.10) per share, in the first quarter of 2012.
What They Do: Infinera provides Digital Optical Networking systems to telecommunications carriers worldwide.
Old Second Bancorp (Nasdaq: OSBC) $3.27. Announced Wednesday after market close results of operations for the first quarter of 2013. The Company reported a net income of $5.5 million, compared to a net loss of $3.0 million in the first quarter of 2012. The Company's net income available to common shareholders of $4.2 million, or $0.30 per diluted share, for the quarter compared to a net loss available to common shareholders of $4.2 million, or $0.30 per diluted share, in the first quarter of 2012.
What They Do: Old Second Bancorp, Inc. operates as the bank holding company for Old Second National Bank that provides commercial and retail banking services to corporations, partnerships, individuals, and government agencies in India.
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