Flash storage pioneer Fusion.io posted a third quarter loss Wednesday night with revenue dropping 27 percent year over year and said its CFO and EVP Dennis Wolf will be leaving the company. The company reported a loss of $27.9 million (28 cents pershare) compared to a profit of $3.9 million (4 cents a share) for the year-ago period. Wolf is leaving to join Datastax.
a privately-held company, according to Fusion.io.
The stock was off more than 25 percent Thursday, to $9.62 per share.
This post was updated at 9:17 a.m. PDT to reflect Wolf’s new job.
Story posted at: nbcnews.com