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September 01, 2015 12:19 PM ET

Technology Hardware, Storage and Peripherals

Company Overview of Violin Memory, Inc.

Company Overview

Violin Memory, Inc. develops and supplies memory-based storage systems to bring storage performance in line with high-speed applications, servers, and networks worldwide. The company provides flash storage platforms and all flash arrays that integrate enterprise-class hardware and software technologies to address the limitations of hard disk drive-based and solid state drive-based storage solutions that use off-the-shelf components. Its products include 7300 Flash Storage Platform, which combines data protection and reduction services; 7300E Flash Storage Platform; 7700 Flash Storage Platform for large, multi-petabyte, and multi-site deployments for customers; 6000 Series All Flash Array; Wi...

4555 Great America Parkway

Santa Clara, CA 95054

United States

Founded in 2005

329 Employees

Phone:

650-396-1500

Fax:

650-396-1543

Key Executives for Violin Memory, Inc.

Chief Executive Officer, President and Director
Age: 56
Total Annual Compensation: $4.5M
Chief Financial Officer and Principal Accounting Officer
Age: 46
Total Annual Compensation: $396.9K
Executive Officer
Age: 57
Total Annual Compensation: $406.5K
Compensation as of Fiscal Year 2015.

Violin Memory, Inc. Key Developments

Violin Memory, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 31, 2015; Provides Revenue Guidance for the Third Quarter 2015

Violin Memory, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended July 31, 2015. For the quarter, the company reported total revenue of $15,303,000 against $18,593,000 a year ago. Loss from operations was $22,343,000 against $8,077,000 a year ago. Loss before income taxes was $24,340,000 against $8,382,000 a year ago. Net loss was $24,382,000 against $8,412,000 a year ago. Basic and diluted net loss per share of common stock was $0.25 against $0.09 a year ago. Non-GAAP net loss was $18,424,000 against $18,975,000 a year ago. Basic and diluted non-GAAP net loss per common share was $0.19 against $0.21 a year ago. The company used $19 million of cash in operating activities during the quarter, which is consistent with last quarter as well. For the six months, the company reported total revenue of $27,404,000 against $36,726,000 a year ago. Loss from operations was $47,310,000 against $38,165,000 a year ago. Loss before income taxes was $50,801,000 against $38,519,000 a year ago. Net loss was $50,884,000 against $38,555,000 a year ago. Basic and diluted net loss per share of common stock was $0.53 against $0.43 a year ago. Net cash used in operating activities was $37,814,000 against $47,373,000 a year ago. Purchase of property and equipment was $3,149,000 against $3,572,000 a year ago. For the third quarter 2015, the company expects revenue to be between $16 million and $20 million, with FSP making up the substantial majority of product revenue.

Violin Memory, Inc. - Special Call

To discuss about comprehensive suite of professional services and support designed to help customers accelerate the transition of their enterprise IT from a hard disk drive (HDD) to an all-flash environment for primary storage

Violin Memory, Inc. to Report Q2, 2016 Results on Aug 27, 2015

Violin Memory, Inc. announced that they will report Q2, 2016 results at 2:00 PM, Pacific Daylight on Aug 27, 2015

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