"Although it is too early to provide you with an outlook for 2013, I am pleased with the depth and development progress of our new customer pipeline," said Hanif Jamal, chief financial officer, Dot Hill Systems. "We believe it positions the company for revenue and non-GAAP EPS growth in 2013 which we expect will accelerate in 2014. We plan to review our vision and accomplishments at several investor conferences this month. We welcome you to attend our presentation at the Sidoti Conference in New York City later today, the Needham Conference on January 17 th in New York City and the Noble Financial Conference, in Southern Florida on January 22 nd to 23 rd. Additionally, we have scheduled our Analyst Day for April 10 th in New York City and will provide greater specifics for this event at a later date."

About Non-GAAP Financial Measures

In 2011 and/or 2012, the Company's non-GAAP financial measures exclude the impact of stock-based compensation expense, legal settlements and their associated expenses, intangible asset amortization, restructuring and severance charges, charges or credits for contingent consideration adjustments, charges for impairment of goodwill and other long-lived assets, contra-revenue charges from the extension of customer warrants, specific and significant warranty claims arising from a supplier's defective products, impacts associated with the AssuredUVS software business, which the Company has substantially closed down, and the effects of foreign currency gains or losses. The Company believes that these non-GAAP financial measures provide meaningful supplemental information to both management and investors that is indicative of the Company's core operating results and facilitates comparison of operating results across reporting periods. The Company used these non-GAAP measures when evaluating its financial results as well as for internal resource management, planning and forecasting purposes. These non-GAAP measures should not be viewed in isolation from or as a substitute for the Company's financial results in accordance with GAAP.  

If you liked this article you might like

Seagate's Purchase of Dot Hill Puts Nimble, Quantum in Play

Seagate Technology to Buy Dot Hill Systems for $694 Million

Uncertainty Over Rate Hike Timing Whipsaws Stocks

Stocks Lower as Fed Says Need for Rate Hike 'Approaching'

Crude Oil Slides Below $42; Seagate Slips on Dot Hill Buy