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Last $1.33 USD
Change Today 0.00 / 0.00%
Volume 2.4K
CRDS On Other Exchanges
As of 9:54 AM 07/7/15 All times are local (Market data is delayed by at least 15 minutes).

crossroads systems inc (CRDS) Snapshot

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Day High
Day Low
52 Week High
07/7/14 - $3.01
52 Week Low
07/6/15 - $1.31
Market Cap
Average Volume 10 Days
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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. Its products also comprise ReadVerify Appliance, which monitors tape media usage and health of tape resources; FileStor HSM, a software solution, which provide intelligent file management for policy-based data migration; and Fibre Channel (FC) 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 license key and software solutions 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, as well as through value added resellers, system integrators, and strategic partners. Crossroads Systems, Inc. was founded in 1996 and is headquartered in Austin, Texas.

48 Employees
Last Reported Date: 06/12/15
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

Dot Hill Systems Corp. Files Lawsuit in the U.S. District Court Alleging Crossroads Systems, Inc

On June 29, 2015, Dot Hill Systems Corp. filed a lawsuit in the U.S. District Court for the District of Colorado alleging that Crossroads Systems, Inc. infringes a patent owned by Dot Hill. This lawsuit was filed by Dot Hill after Crossroads filed suit against Dot Hill for breach of contract and patent infringement. If Dot Hill is successful in this lawsuit, it could result in Crossroads not having all of the patent rights necessary to conduct its business. Crossroads believes it has meritorious legal defenses and will defend its interests vigorously in this matter.

Crossroads Systems Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended April 30, 2015

Crossroads Systems Inc. announced unaudited consolidated earnings results for the second quarter and six months ended April 30, 2015. For the quarter, the company reported total revenue of $1,721,000 against $2,295,000 a year ago. Loss from operations was $3,239,000 against $1,801,000 a year ago. Net loss available to common stockholders, basic and diluted was $3,588,000 or $0.19 per basic and diluted share against $1,834,000 or $0.14 per basic and diluted share a year ago. The decrease in revenue was primarily due to 3 factors: $163,000 reduction in legacy HP OEM SPHiNX product sales; and a $111,000 reduction, primarily due to a decrease in legacy HP OEM SPHiNX maintenance subscription; and a $200,000 decrease in revenue from a custom development project. For the six months, the company reported total revenue of $3,891,000 against $6,420,000 a year ago. Loss from operations was $5,215,000 against $2,196,000 a year ago. Net loss available to common stockholders, basic and diluted was $5,978,000 or $0.34 per basic and diluted share against $5,321,000 or $0.41 per basic and diluted share a year ago. Net cash used in operating activities was $3,740,000 against $1,323,000 a year ago. Purchase of property and equipment was $146,000 against $56,000 a year ago.

Crossroads Systems Partners with ARJ Distribution AB, Expands Strongbox Presence Throughout Scandinavia

Crossroads Systems, Inc. announced that ARJ Distribution AB now offers its customers the Crossroads StrongBox, a network attached storage (NAS) appliance that delivers online, nearline and archive data storage at the lowest cost per gigabyte. StrongBox complements ARJ's portfolio of cutting edge IT offerings with a cost-effective, scalable solution for long-term data preservation. By pairing flexible, policy-driven disk storage with Linear Tape File System (LTFS) technology, StrongBox allows ARJ's customers to gain control of storage costs without sacrificing the availability of stored content. With unmatched affordability, seamless integration and protected file management, StrongBox stands as a unique differentiator that allows partners like ARJ to win more business with the most competitive solution pricing.


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Price/Book 38.5x
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