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OCZ Technology Group AŞ Message Board

  • tvtman tvtman Feb 5, 2013 1:22 PM Flag

    Starting March, 2013 OCZ 20%-30% growth, profitable and cash flow positive.

    "We feel that it is appropriate to release information to our valued investors, customers and suppliers in order to not only build credibility but to be as transparent as possible during this period of limited public information. We continue to improve the operating aspects of the company and are making progress on releasing the restated financial statements. The revenue levels of our two unreported quarters were lower than previous revenue results due to significant discounting and the reduction of channel inventory in Q3. Both of these effects are now mostly behind us and moving forward there will be a new revenue baseline which will be lower than previous reported revenues due to the impact of the Company's refined focus towards the mainstream and higher-end consumer SSD products, as well as addressing enterprise and OEM solid state storage solutions. We believe that this strategy will allow us to build a profitable business within Fiscal 2014, which starts at the end of February, and should allow the Company to grow between 20-30% on a year over year basis," stated Ralph Schmitt, CEO of OCZ Technology.

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