NEW YORK, September 14, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on Dot Hill Systems Corp. (NASDAQ: HILL). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/reports?keyword=HILL

Highlights from our HILL Report include: 


        
        - Strong Second Quarter Results - On August 6, 2015, Dot Hill Systems Corp.,
          released its results for the second quarter of 2015. The Company generated revenue of
          $61.5 million, an increase from $48.2 million recorded in Q2 2014. Gross profit for
          the period amounted to $20.1 million, higher than $16.0 million reported in the
          previous year quarter. Moreover, gross margin for Q2 2015 was 32.7%, compared to 33.2%
          in prior year period. In addition, operating income of the Company stood at $773,000
          in Q2 2015 compared with an operating loss of $11,000 in Q2 2014. Further, net income
          for the period came at $685,000 against net loss of $78,000 in Q2 2014.
        - Non-GAAP Financial Details - In Q2 2015, non-GAAP net revenue was $60.6 million,
          reflecting an increase of 25.2% from $48.4 million in Q2 2014. Vertical markets
          non-GAAP net revenue amounted to $24.8 million, compared to $20.8 million in previous
          year quarter. Moreover, server OEM non-GAAP net revenue came at $35.8 million, higher
          than $27.7 million in prior year quarter. Non-GAAP gross profit for the reported
          period was recorded at $19.4 million, versus $16.4 million in same period last year.
          In addition, non-GAAP net income amounted to $3.9 million or $0.06 per fully diluted
          share in Q2 2015, compared to $1.3 million, or $0.02 per fully diluted share, for the
          second quarter of 2014.
        - Year-to-Date Performance - In the first six months of 2015, the Company generated net
          revenue of $122.7 million, higher than $96.4 million in first half of 2014. In
          addition, gross profit for the period amounted to $41.2 million, compared to $31.3
          million in the corresponding previous year period. Further, the Company reported net
          income of $4.6 million in first half of 2015 compared to a net loss of $0.5 million in
          previous year period. Diluted earnings per share came at $0.07, compared to a net loss
          of $0.01 per diluted share in prior year period.
        - Outlook - The Company expects its non-GAAP revenues to be between $58 million and $63
          million and non-GAAP EPS to be between $0.05 and $0.08 in third quarter of 2015. The
          Company also updated its full year 2015 guidance and is projecting non-GAAP revenues
          of $245 million to $260 million and non-GAAP EPS of $0.30 to $0.35. Earlier, in March
          2015, the Company established its full year 2015 non-GAAP revenue guidance of $230
          million to $270 million, and non-GAAP EPS guidance of $0.25 to $0.35.

To find out how this influences our rating on Dot Hill Systems Corp., read the full report in its entirety here: http://www.aciassociation.com/reports?keyword=HILL

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