How could this happen? This seems like a massive screw up and these sort of things can cost people money. Glad I was waiting for an explanation on their call today rather than just dumping like I assume some have already done.
Fusion-io reported record revenue of $94.2 million for the fiscal third quarter of 2012, up 40% from $67.3 million for the same quarter of 2011 and up 12% from $84.1 million for the prior quarter. Net loss for the fiscal third quarter of 2012 was $4.7 million, or a net loss per diluted share of $0.05. This compared to net income of $7.0 million, or $0.09 per diluted share in the same quarter of 2011. Gross margin for the fiscal third quarter 2012 was 52.1% compared to 53.2% for the same quarter of 2011. Operating margin for the fiscal third quarter was a loss of 5.2%.