Q3 GAAP net loss from continuing operations was $0.67 per share, compared to a GAAP net loss of $0.46 per share for the comparable year ago quarter. Q3 non-GAAP net loss was $0.36 per share, compared to a non-GAAP net loss of $0.24 per share for the comparable year ago quarter.
Cray lost $0.34 per share during the same period this year, more than double what it lost in the comparable prior year period (GAAP; Cray doesn’t report non-GAAP numbers). It’s been a year now since Rackable took over the company, and the financials have been slow to turn around: SGI has not posted a profitable quarter since the acquisition.
Can you draw a larger conclusion from the negative results of both companies? I’ve thought about it a little, and I can’t (other than HPC is a tough business). Although they are both racing toward the launch of very important new products (UV for SGI and Baker for Cray) and this might account for some drop in revenues, they are both in very different positions in terms of their business lifecycle and financials.