danno un dividendo,,,quindi non scoppiano certo di debiti :
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Dataram Reports Fiscal 2007 Second Quarter Financial Results
Wednesday November 15, 8:30 am ET
Revenues and Order Rate Continue To Improve
Net Earnings Total $0.16 per Diluted Share
Board of Directors Declares Regular Quarterly $0.06 Per Share Dividend
PRINCETON, N.J.--(BUSINESS WIRE)--Dataram Corporation (NASDAQ: DRAM - News) today reported its financial results for its fiscal second quarter and six months ended October 31, 2006. Revenues for second quarter increased to $10.9 million from $9.3 million in the first quarter and $8.8 million in the fourth quarter of fiscal year 2006 and compares to $9.9 million for the second quarter of the prior fiscal year. Revenues for the first six months of the current fiscal year were $20.2 million versus $23.8 million for the comparable prior year period.
Net earnings for the second quarter totaled $1.4 million, or $0.16 per diluted share, which compares to net earnings of $352,000, or $0.04 per diluted share for the second quarter of the prior fiscal year. Net earnings for the first six months of the current fiscal year were $1.4 million, or $0.16 per diluted share, versus $1.3 million, or $0.15 per diluted share, for the comparable prior year period. Net earnings for the second quarter and six months of the current fiscal year included a payment of $2.3 million from a DRAM manufacturer related to a settlement agreement that the Company entered into in the quarter. The payment is recorded as other income in the Company's financial statements for the second fiscal quarter and six months ended October 31, 2006.
Second quarter highlights:
Revenues increase 17 percent on a sequential quarterly basis
Order rate improves to $10.5 million, or 8 percent, on a sequential quarterly basis
Board of Directors declares regular quarterly dividend of $0.06 per share
Robert V. Tarantino, Dataram's chairman and CEO commented, "We continue to make progress with our strategy to expand our customer base of large corporate end-users and value-added resellers. Our revenue growth was led by growth in the compatible memory market, which this strategy addresses and grew by 30 percent on a sequential quarterly basis. Also, importantly, our overall order rate in the second quarter continued to improve and this marks the third consecutive increase in our level of incoming orders."
Gross margin during the second quarter averaged 24 percent, which compares to the first quarter level of 26 percent and compares to 30 percent in the second quarter of last fiscal year. Gross margin in both quarters of the current fiscal year is within what the Company considers its normal range. Second quarter and six month expenses of the current fiscal year include $117,000 and $251,000, respectively, of stock option expense compared to zero in the prior year comparable periods. The Company was required to commence expensing stock options at the beginning of the current fiscal year. Excluding stock option expense, selling, general and administrative costs for the second quarter were $2.3 million compared to $2.3 million in the first quarter and $2.5 million for the second quarter of last fiscal year. The Company's backlog at the end of the second quarter was $961,000.
Mr. Tarantino concluded, "Our financial condition is strong and we are highly liquid. Today, the Company's Board of Directors declared a quarterly dividend of $0.06 per common share. The dividend will be payable on December 13, 2006, to shareholders of record as of November 29, 2006."
As announced in a previously issued press release, Dataram will conduct a conference call today at 4:30 p.m. (EST) to present its second quarter financial results and to respond to investor questions. Interested shareholders may participate in the call by dialing 800-732-6094, providing the following reservation number: 21309633. It is recommended that participants call 10 minutes before the conference call is scheduled to begin. The conference call can also be accessed over the Internet through Vcall at
www.vcall.com. A replay of the call will be available approximately one hour after the completion of the conference call through Vcall and for 24 hours by dialing 800-633-8284 or 402-977-9140 and entering the reservation number listed above.
