"OCZ
increases revenue guidance for fiscal year 2012, to be in the range of
$320−$350 million, an increase of approximately 68%−85%
compared with $190 million of net revenue in fiscal year 2011."
"A
Dominant Payer in the Manufacturing and Distribution of Solid State Drives."
Overview
OCZ Technology (OCZ)
has built on its expertise in high-speed memory to become a dominant player
in the manufacturing and distribution of solid state drives (SSDs), a
disruptive, game-changing technology that is replacing traditional rotating
magnetic hard disk drives (HDDs). SSDs are faster, more reliable, run
cooler, and use significantly less power than the HDDs used in the majority
of computers today. In addition to SSD technology, OCZ also offers high
performance components for computing devices and systems, including
enterprise class power management products and industrial power accessories
The company sells its
products to enterprise customers and original equipment manufacturers
through direct sales force, systems integrators, IT integrators, retail
distributors, and online retailers. It operates in the United States,
Canada, Germany, Europe, the Middle East, Africa, and rest of the world.
OCZ
Investor Highlights
Net revenue in Q2'12 was a record $78.5
million, and increased 106% compared with net revenue of $38.0 million
reported in Q2'11, and increased 6% compared with the $73.8 million
reported in Q1'12.
SSD revenue reached a record $71.1 million,
an increase of 252% compared with Q2'11 SSD revenue of $20.2 million,
and a 3% increase compared with Q1'12 SSD revenue of $69.1 million.
GAAP net income in Q2'12 of $3.2 million or
$0.06 per share.
OCZ increases revenue guidance for fiscal
year 2012, to be in the range of $320−$350 million, an increase of
approximately 68%−85% compared with $190 million of net revenue in
fiscal year 2011.
The Company is reiterating its long term
gross margin target range of 30%-40%., but in light of recent
developments, the Company expects gross margins to approach the target
model range during latter part of the next fiscal year as opposed to the
previously stated 2-3 years.
Ryan
Petersen - President and Chief Executive Officer
Mr. Petersen, one of the
organization's original founders, has guided OCZ from startup to industry
leader. A lifelong technologist and SSD pioneer, Mr. Petersen is the
inventor or co-inventor of much of OCZ's proprietary technology. Prior
to OCZ, Mr. Petersen was an innovator in the field of semiconductor
enhancement.
Arthur
Knapp - Chief Financial Officer
With over 30 years of business
and financial experience, Mr. Knapp joined OCZ in 2005 and is responsible
for all finance related operations at OCZ. Mr. Knapp previously served as
Chief Financial Officer at publicly-held high-tech companies such as
Duquesne Systems, LEGENT Corporation, Boole & Babbage, and Calico
Commerce. Mr. Knapp also spent 10 years in public accounting, is a CPA /CMA
, and holds a B.S. in Accounting from Penn State University.
Alex Mei -
Executive Vice President and Chief Marketing Officer
Mr. Mei is the executive vice president and
Chief Marketing Officer at OCZ and is responsible for multiple functions
including strategy and solutions, and oversees corporate marketing and field
marketing initiatives. Upon joining OCZ in 2004, he brought a decade of
experience in brand and product marketing focused on consumer and component
solutions in the channel, system integration, and the retail space. Mr. Mei
has held multiple senior level marketing management positions in high-tech
firms, most recently serving for 5 years as Global Marketing Manager for
First International Computer Inc. Mr. Mei holds a B.S. in Marketing
Management from Cal Poly, San Luis Obispo University.
6373 San Ignacio Avenue
San Jose, CA 95119
Phone: 408-733-8400
Fax: 408-733-5200
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