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Dataram Reports Fiscal 2013 First Quarter Financial Results

Stocks in this article: DRAM


Founded in 1967, Dataram is a worldwide leader in the manufacture of high-quality computer memory, storage and software products. Our products and services deliver IT infrastructure optimization, dramatically increase application performance and deliver substantial cost savings. Dataram solutions are deployed in 70 Fortune 100 companies and in mission-critical government and defense applications around the world. For more information about Dataram, visit

The information provided in this press release may include forward-looking statements relating to future events, such as the development of new products, pricing and availability of raw materials or the future financial performance of the Company. Actual results may differ from such projections and are subject to certain risks including, without limitation, risks arising from: changes in the price of memory chips, changes in the demand for memory systems, increased competition in the memory systems industry, order cancellations, delays in developing and commercializing new products and other factors described in the Company's most recent Annual Report on Form 10-K, filed with the Securities and Exchange Commission, which can be reviewed at .




(In thousands, except per share amounts)




First Quarter Ended

July 31,

2012       2011
Revenues $ 7,998 $ 10,270
Costs and expenses:
Cost of sales 6,304 7,375
Engineering and development 206 169
Selling, general and administrative 2,214 3,277
Stock-based compensation expense* 100 148
Intangible asset amortization expense*   41     41  
  8,865     11,010  
Loss from operations (867 ) (740 )
Other income (expense)   (109 )   (114 )
Loss before income taxes (976 ) (854 )
Income tax benefit   0     0  
Net loss $ (976 ) $ (854 )
Net loss per share:
Basic $ (0.09 ) $ (0.08 )
Diluted $ (0.09 ) $ (0.08 )
Weighted average number of shares
Basic   10,703     10,395  
Diluted   10,703     10,395  

* Items are recorded as a component of operating costs and expenses in the Company’s financial statements filed with the Securities and Exchange Commission on Form 10-Q.




(In thousands)


          July 31, 2012       April 30, 2012
Current assets
Cash and cash equivalents $ 1,123 $ 3,275
Accounts receivable, net 3,015 2,605
Inventories 3,801 2,932
Other current assets   501   115
Total current assets 8,440 8,927
Note receivable 375 -
Property and equipment, net 638 698
Other assets 82 55
Intangible assets, net 256 297
Goodwill   1,453   1,453
Total assets $ 11,244 $ 11,430
Current liabilities
Note payable-revolving credit line $ 951 $ 121
Accounts payable 1,172 1,017
Accrued liabilities 646 766
Due to related party   367   333
Total current liabilities 3,136 2,237
Due to related party – long term   1,600   1,667
Total liabilities 4,736 3,904
Stockholders' equity   6,508   7,526
Total liabilities and stockholders' equity






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