OCZ Technology Group, a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, reports its second quarter results for the fiscal year 2012 (Q2'12), which ended on August 31, 2011. Q2'12 Financial Highlights include the following: Net revenue in Q2'12 was a record $78.5 million, and increased 106% compared with net revenue of $38.0 million reported in Q2'11, and increased 6% compared with the $73.8 million reported in Q1'12; SSD revenue reached a record $71.1 million, an increase of 252% compared with Q2'11 SSD revenue of $20.2 million, and a 3% increase compared with Q1'12 SSD revenue of $69.1 million; Gross margin increased to 21.6% compared with 4.3% in Q2'11, and 20.0% in Q1'12; and GAAP net income in Q2'12 of $3.2 million or $0.06 per share.



GAAP net income for Q2'12 was $3.2 million or $0.06 income per share compared with a GAAP net loss of $7.6 million or $0.29 loss per share in Q2'11. Non-GAAP net loss for Q2'12 was $1.4 million or $0.03 loss per share as compared with a non-GAAP net loss for Q2'11 of $9.7 million, or $0.36 loss per share. The non-GAAP loss for Q2'12 includes a significant increase in R&D expense including approximately $2.3 million related primarily to R&D prototyping, intellectual property and other specific engineering project expenses which are not reflective of R&D expense on a run-rate basis. A reconciliation between GAAP and non-GAAP information is contained in the tables below.

Founded in 2002, San Jose, CA-based OCZ Technology, is a leader in the design, manufacturing, and distribution of high performance and reliable Solid-State Drives (SSDs) and premium computer components. OCZ Technology Group has built on its expertise in high-speed memory to become a leader in the enterprise and consumer SSD markets, a technology that competes with traditional rotating magnetic hard disk drives (HDDs). SSDs are faster, more reliable, generate less heat and use significantly less power than the HDDs used in the majority of computers today. In addition to SSD technology, OCZ Technology Group also offers high performance components for computing devices and systems, including enterprise-class power management products as well as leading-edge computer gaming solutions.

For more information about OCZ please visit www.ocztechnology.com

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