- Violin Memory (NYSE:VMEM -38.1%) reported Q2 revenue ($7.5M) 23% lower sequentially and 51% lower compared to the prior year period along with a $0.59 loss per share.
- CEO Kevin DeNuccio on yesterday's earnings call: "This quarter's performance is obviously frustrating and disappointing as we strongly believed it could be the quarter that returns revenue upward after a downward trend for more than a year. Both of our international theaters in the EMEA and APAC had extremely difficult product sales in the quarter. The international markets alone could account for a short fall from expectations."
- The results have subsequently caused some observers to speculate on a worst-case demise scenario for the company.