Financial Highlights
- Revenues were $62.5M compared to $39.9M for the prior-year period, a 57% increase and 21% sequential increase.
- Product revenue was $38.2M, up 98% from the first quarter of 2009 and 26% sequentially.
- Services revenue was $24.4M, up 18% year over year and 13% sequentially.
- Net loss of $891,000, or $0.07/diluted share, for the 1st quarter ending March 31, 2010. This compares to loss of $596,000, or $0.05/diluted share, in the 1st quarter of 2009.
The revenue growth the company experienced in the 1st quarter was partially fueled by its previous acquisitions as well as expanded solutions-selling from its enhanced products and services portfolio.
1st Quarter Business Transactions
- Datalink successfully completed the integration of Incentra at the end of March, and the combined post-acquisition business has increased the company’s pipeline of opportunities 55% over the last six months.
- Datalink completed the Cisco Data Center Unified Computing Authorized Technology Partner program and the Gold Certification audit. These latest accomplishments in Cisco's extensive certification qualifications program enable Datalink to offer customers the most advanced networking and data center solutions available under the Cisco brand.
The company ended the first quarter of 2010 with a significant backlog of $43.4M. Based on this backlog and the current business environment, the company expects revenues to be between $68M and $72M for the second quarter of 2010. The company expects second quarter 2010 results to be between a net loss $0.02 and net earnings of $0.02 per diluted share on a GAAP basis.
Well if this company is going to make any moves it will need to have more exposure from investors, its only trading at a volume of 600 shares today.
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