Crossroads Systems, Inc. (NASDAQ: CRDS) said its third quarter 2015 revenue was USD2.1 million, consistent with the same quarter a year ago.
Gross profit for fiscal Q3 2015 was USD1.6 million, or 74 percent of total revenue, compared to USD1.7 million, or 79 percent of total revenue in the same quarter a year ago. The decrease happened because of a change in the mix of hardware and software products sold during the quarter, the company said.
Operating expenses for fiscal Q3 2015 increased thirty seven percent to USD4.6 million, compared to USD3.4 million in the same period a year ago. The increase is attributable to litigation expenses related to the company´s ongoing patent infringement lawsuits.
Net loss available to common stockholders was USD(3.3) million, or USD(0.17) loss per share, compared to a net loss available to common stockholders of USD(2.4) million, or USD(0.16) loss per share, in the same quarter a year ago.
Crossroads Systems is a global provider of data storage solutions.