Flash storage company Fusion-io had its quarterly earnings call today, and the news wasn’t great. In its earnings report, Fusion-io tallied $87.7 million in revenue — a 7 percent year-over-year decrease and a big old 27 percent drop from last quarter’s revenues, which were in excess of $120 million.
The only things on the rise were net loss, which totaled $20 million for the quarter, up from $4.7 million the quarter before, and headcount, with 36 new employees taking checks from Fusion-io.
But Fusion-io is also announcing Spotify and Box as new customers. Big names like these, said company reps, will help to bolster and smooth out future earnings.
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The company also revealed an acquisition today: NexGen Storage, a developer of hybrid storage systems. Fusion-io reps said this deal will help it to better target small- and medium-sized enterprises (SMEs).
A big focus of today’s call was Fusion-io’s ioScale product, which launched this January. ioScale is intended to make all-flash data centers a practical solution for companies that rely on high-performance hardware. Each one of ioScale’s units provides up to 3.2 terabytes of Fusion ioMemory capacity, with prices starting at $3.89 per gigabyte and minimum orders of one hundred units.
Fusion-io still has $355 million in cash and equivalents, inventory worth $71 million, and $7 million in operating cash flow.
Fusion-io, which makes products in cloud computing, big data, and virtualization, first went public in 2011, raising $233 million after taking $115.5 million in three rounds of venture capital.
The company is headquartered in Salt Lake City, Utah, with offices in San Jose, Calif., and Superior, Colo.
Image credit: Fusion-io
