- Fusion-io (FIO) expects FQ1 revenue of $80M-$90M, well below a $123.8M consensus.
- FY14 guidance is for 20% revenue growth, below a consensus for 30% growth. FY14 gross margin guidance is set at 52%-54%, below the company's FY13 GM of 60.1%.
- No explanation is given for the shortfalls. Soft sales to Apple/Facebook have been blamed for light guidance in the past.
- FQ4 results, PR
Fusion-io guidance light, shares now -18.8% AH
Aug 7 2013, 16:23 ET