OCZ's new CEO Ralph Schmitt has been quite successful in turning the company around from the financial pickle they found themselves under Ryan Petersen's leadership. Back in February of this year OCZ was about to be delisted from the stock exchange due to the fact that they had not filed an acceptable financial statement in a full year. This was caused from a variety of problems from mismanaged incentive programs to internal miscommunications which caused the company's leadership to be unaware of costs and profits which lead to the SEC coming down hard on OCZ.
With the new leader OCZ has really managed to turn their finances around and more importantly they are now able to file accurate financial reports. This has not happened painlessly, the new accurate financials show OCZ suffering significant losses prior to 2012 and the chart from The Register reveals an odd trend which showed that the more revenue OCZ made the larger their loss at the end of the quarter. This trend has ceased thanks to a complete restructuring of OCZ's management and business plans as well as a trend to a more focused consumer product line as well as testing out Enterprise products.
OCZ is no longer in danger of disappearing from the market and while revenue will be down compared to the previous few years Net Income is rising towards showing a profit, even in the current shrunken PC market. Hopefully their venture into the Enterprise market will help them grow even more and make the company as truly successful as it once appeared that they were.
I’ve got to say I hope so.
I’ve got to say I hope so. Everything I’ve bought from this company- memory boards and jump drives- have failed- including the RMAs. And reading some customer reviews, I’m not alone. I’m either terribly unlucky or OCZ QC sux. OCZ pricing is good, but less down-time is cheaper. I certainly hope this is a restructure that will change my opinion.
That “odd trend” smacks of
That “odd trend” smacks of the retail hand-to-mouth death spiral. As in they were gutting their prices and selling their warez at a loss, in order to generate revenue at any cost, in order to buy more components to make more warez.
Or it could just be major corruption happening behind the scenes.
Take your pick.
On a personal note, i have 2 Vertex 3s, 3 Vertex 4s, and 2 Vectors and they’ve all been flawless for me. The Vectors in particular, i’ve put through hell and they just kept on going.
If OCZ sticks around, they’ve got themselves at least one loyal customer.
I agree. I have all of the
I agree. I have all of the above SSDs plus an Agility 3 and so far they have been flawless.
I have sold a significant
I have sold a significant amount of vertexes, agilitys and vectors and apart from a few failed 2 and 3 series (which always got replaced for a newer model) I had no issues… Vertex 4s and Vectors are flawless for me: 0 RMAs so far. I too am a loyal customer – hope they sort their stuff out and stick around 😉
Agreed that the trend was
Agreed that the trend was because they were selling them at a loss. It was obvious back then because their SSDs were so much cheaper than the rest of the market.
I also have a Vertex 3 and 4 Agility 3s that have been flawless for me, but I’ve since switched to Samsung since they are now they cheapest. OCZ can no longer compete on price, so they’re not for me.