OCZ

Overview

Highlights

News

Chart

Management

Contacts

 

   
 
   
"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."

 

 
Approximate Financial Snapshot as of 10/6/11
Shares Outstanding 51.5M  
52 Wk Hi/Lo 10.94/

2.60

Market Cap $256M
Recent Price $4.97
 

 

 
 
   

 

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OCZ Technology (OCZ)

Website: www.OCZTechnology.com

"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.

Recent News and Press Releases

OCZ Technology Group Reports Fiscal 2012 Second Quarter Results

OCZ Technology Acquires UK Design Team From PLX Technology

OCZ Technology to Address the Needs of the IT Storage Market at the 2011 Interop IT Expo

OCZ Technology Introduces Synapse Cache Series Solid State Drives for High-Performance Caching

OCZ Technology to Showcase Enterprise SSDs at 8th Annual High Performance Computing Financial Markets Show

For the latest Quote and News on OCZ Click Here.


Three Month Chart


Management

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.


SEC Filings

OCZ filings with the SEC can be found here.


Contacts

OCZ Technology

6373 San Ignacio Avenue
San Jose, CA 95119
Phone: 408-733-8400
Fax: 408-733-5200


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