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SGI reports Q4 results; posts loss

SGI reported its Q4 and Fiscal 2007 financial performance yesterday. A Reuters analysis shows that the company lost $36.9M in the quarter just ended, an increase of over $16M from its Q4 2006 lost of $20.4M.

SGI logoBut there is some good new; the company grew its core product sales by 27% in 2007, and 4th quarter GAAP revenue was up over 3rd quarter.

The company actually made dueling announcements. Its second press release was a retrospective highlighting recent acquisition wins and the progress of its technology strategy.

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