Violin Memory Inc. (fka VMEMQ)

[Wildbilly]

CC: Cash raise clearly inevitable,

new product shipping next week GA, then in data.

Based on our current expectations for revenue in gross margin, we believe our existing cash balance is insufficient to operate the business for the next 12 months even as we continue to restructure our operations and reduce spending even further. As Kevin has mentioned, we are actively seeking additional cap further to fund our operations.

Since the end of the second quarter we have reduced our headcount by approximately 15%. We currently believe that our non-GAAP operating expenses for the third quarter will be between $15 million and $16 million.

We have decided not to provide quarterly guidance for at least the next two quarter as we are undergoing a lot of change including organizational changes and new product launch and reductions in our cost structure. Until we have better visibility we believe providing quarterly guidance will not be practical.


Violin Memory's (VMEM) CEO Kevin DeNuccio on Q2 2017 Results - Earnings Call Transcript
http://seekingalpha.com/article/4005083-violin-memorys-vmem-ceo-kevin-denuccio-q2-2017-results-earnings-call-transcript?part=single

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