September 27, 2016 3:48 AM ET

Technology Hardware, Storage and Peripherals

Company Overview of Crossroads Systems, Inc.

Company Overview

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. Its products also comprise StrongBox VM, a software version of StrongBox that runs on VMware ESXi servers; StrongBox DataManager, which provides transparent file migration from primary storage systems, such as NetApp, Windows, Linux, and other servers, into StrongBox; StrongBox VSeries Tape Libraries, a data storage solution; Rea...

11000 North Mopac Expressway

Suite 150

Austin, TX 78759

United States

Founded in 1996

6 Employees

Phone:

512-349-0300

Fax:

512-349-0304

Key Executives for Crossroads Systems, Inc.

Chief Executive Officer, President and Director
Age: 60
Total Annual Compensation: $537.5K
Compensation as of Fiscal Year 2015.

Crossroads Systems, Inc. Key Developments

Crossroads Systems, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended July 31, 2016

Crossroads Systems, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended July 31, 2016. For the quarter, the company's IP license, royalty and other revenue was $57,000 compared to $445,000 a year ago. Loss from operations was $1,152,000 compared to $2,552,000 a year ago. Loss from continuing operations was $439,000 compared to $2,754,000 a year ago. Net loss was $439,000 compared to $3,257,000 a year ago. Net loss available to common stockholders, basic and diluted was $481,000 compared to $3,300,000 a year ago. Loss per share from continuing operations, basic and diluted was $0.36 compared to $2.84 a year ago. Loss per share available to common stockholder was $0.39 compared to $3.40 a year ago. For the nine months, the company's IP license, royalty and other revenue was $477,000 compared to $838,000 a year ago. Loss from operations was $4,536,000 compared to $6,280,000 a year ago. Loss from continuing operations was $524,000 compared to $7,090,000 a year ago. Net loss was $565,000 compared to $9,079,000 a year ago. Net loss available to common stockholders, basic and diluted was $736,000 compared to $9,307,000 a year ago. Loss per share from continuing operations, basic and diluted was $0.43 compared to $7.79 a year ago. Loss per share available to common stockholder was $0.60 compared to $10.22 a year ago. Net cash used in operating activities was $7,452,000 compared to $5,415,000 a year ago. Purchase of property and equipment from discontinued operations was $28,000 compared to $180,000 a year ago.

Crossroads Systems, Inc. to Report Q3, 2016 Results on Sep 08, 2016

Crossroads Systems, Inc. announced that they will report Q3, 2016 results at 5:00 PM, Eastern Standard Time on Sep 08, 2016

Crossroads Systems, Inc., Q3 2016 Earnings Call, Sep 08, 2016

Crossroads Systems, Inc., Q3 2016 Earnings Call, Sep 08, 2016

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 22, 2016
Crossroads Systems, Inc., Product Business And Related Assets
 

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