OCZ Reports 54% Increase in Revenues in Q1 2013

OCZ is doing more than fine and it is well on its way to achieve its 80% year on year revenue growth. The company is not looking for too much profit, as it is currently investing and reinvesting heavily into R&D and other ways to establish itself as a dominant player in the SSD market.

Despite the modest demand in the first fiscal quarter of the year, OCZ moved totally opposite to the industry trends and achieved a 54% revenue growth compared with Q1 2012.

The company has also managed to lower its operating costs, as its gross margins have increased from 20% a year ago to 25% in Q1 2013.

They are still operating with a modest loss, but this is a clear sign that the company is keen on investing and improving R&D instead of lowering costs and ensuring the biggest profit possible.

The loss was a modest $6.3 million or $0.09 per share.