Dot Hill posts annual loss of $15 million
Longmont-based Dot Hill (Nasdaq: HILL) reported revenue of $44.1 million for the fourth quarter compared with $47 million for the same period a year ago, and revenue of $194.9 million for 2012, compared with $197.5 million for 2011.
Dana Kammersgard, president and chief executive, said vertical markets grew more than 38 percent annually, "which is an impressive growth rate by most any measure and especially in light of the headwinds our industry has faced throughout the year. We believe this is clear evidence that our strategic initiatives are beginning to work.
"In addition, during our third-quarter conference call, we reported three new OEM (original equipment manufacturer) wins and several more in our pipeline. We now have won 11 new opportunities that are in various stages of contract negotiations, customization and/or launch preparation."
Dot Hill has offices and/or representatives in the United States, United Kingdom, China, Germany, Japan and Singapore.
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