3PAR (PAR) : 4Q and Full Year Results

3PAR just released thier 4Q and full year results on Monday.

Some key points:

– Revenue for the fiscal year ended March 31, 2009 was $184.7 million, an increase of 57% from $118.0 million reported in the prior year

– GAAP net loss for the full fiscal year 2009 was $959,000, or $(0.02) per share, compared to a net loss of $10.1 million, or ($0.30) per share in 2008.

– Non-GAAP net income for the full fiscal year 2009 was $5.7 million, or $0.09 per share, compared to a non-GAAP net loss of $6.5 million, or ($0.19) per share in fiscal 2008.

What I like about it is there is the increase in revenue from  35,467 (2008) to 48,462 (2009) without a significant increase in cost of revenue.

However, yesterday (May 5), 3PAR also has some SEC filings. Among the filings include the resignation of James L. Dawson and appointment of RJ Weigel for their VP of Worldwide Sales.

This is something that I always keep a lookout for constantly. In my opinion, any technology company that wants to have dramatic growth will need to have in place good sales channel (either direct or indirect) outside of US.

At this moment, I am still not hearing much news on successful sales in other parts of the world. Maybe, I am just not paying enough attention. But, worldwide sales is an area which I use to confirm if 3PAR is being accepted globally as a leader in their respective segment.

Article can be accessed here:


By iam802

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