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Cray announces Q2, posts loss

Cray just posted its Q2 results; from their release

Cray logoGlobal supercomputer leader Cray Inc. (NASDAQ: CRAY) today announced financial results for the second quarter ended June 30, 2008. Revenue for the quarter was $46.7 million compared to $26.6 million in the prior year period. The company reported a net loss for the quarter of ($5.0 million) or ($0.15) per share compared to a net loss of ($6.4 million) or ($0.20) per share in the second quarter of 2007.

…For the first half of 2008, Cray reported total revenue of $72.9 million compared to $73.7 million in the prior year period. Operating expenses increased year-over-year to $44.0 million compared to $35.2 million in the first half of 2007. Net loss was ($15.7 million) or ($0.48) per share in the first half of 2008 compared to a net loss of ($7.2 million) or ($0.23) per share in the first half of 2007.

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