The company is doing just fine, advancing to breakeven every quarter. A CEO would never boast 50-100% revenue increases in only 4 cycles if it werent comfortable with those figures. That is a very respectable increase, indeed, for such a small player. To say they will break even around the 2nd quarter 2012 is a game changer in itself. Even with the product mix they currently receive revenues on, the company will garner attention. HC is wonderful, but not neccessary to achieve profitability.
What will analysts be saying soon the company turns a profit?
I don't think Nlst can break even without qualification from one of major OEMs for HC, because rev for Nvvault from Dell will go down during 2012 (PERC business).
But, if intc qualifies Nvvault DDR 3, or VLP is qualified by one major blade server OEM, SSD business can doule rev again in 2012, and Dell or other major OEM qualify NVvault DDR 3 in new server, breaking even or more can be achieved. It is maybe, not sure thing.