Cray Inc. Reports 2006 Second Quarter Financial Results

Cray Inc.Cray Inc.’s quarterly financial results are finally available on their homepage.

News in short:

“Total revenue for the quarter was $38.5 million compared to $53.4 million in the same period of the prior year. Net loss for the quarter improved year-over-year to ($7.2 million) or ($0.32) per share compared to ($23.8 million) or ($1.08) per share in the second quarter of 2005. Cray reported total gross margin of 32.5 percent for the second quarter of 2006, a significant improvement compared to 8.8 percent in the prior year period. Product margin, which improved to 26.6 percent, was the principal driver. Service gross margin of 43.0 percent for the quarter was in line with the prior year.”

The New York Stock-Exchange doesn’t seem to like Cray very much although Cray was able to narrow their losses and decrease expenses; at the time of this writing (15:31 GMT) CRAY was down by 4.08%.

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