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<SEC-DOCUMENT>0001001746-04-000022.txt : 20040817
<SEC-HEADER>0001001746-04-000022.hdr.sgml : 20040817
<ACCEPTANCE-DATETIME>20040817160732
ACCESSION NUMBER:		0001001746-04-000022
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040817
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20040817

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DATARAM CORP
		CENTRAL INDEX KEY:			0000027093
		STANDARD INDUSTRIAL CLASSIFICATION:	COMPUTER STORAGE DEVICES [3572]
		IRS NUMBER:				221831409
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08266
		FILM NUMBER:		04982097

	BUSINESS ADDRESS:	
		STREET 1:		P O BOX 7528
		CITY:			PRINCETON
		STATE:			NJ
		ZIP:			08543
		BUSINESS PHONE:		6097990071

	MAIL ADDRESS:	
		STREET 1:		PO BOX 7528
		CITY:			PRINCETON
		STATE:			NJ
		ZIP:			08543
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>k08-2004.txt
<DESCRIPTION>FIRST QUARTER EARNINGS
<TEXT>



                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549
                   __________________________________________

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


                       Date of Report:  August 17, 2004


                             DATARAM CORPORATION
__________________________________________________________________________
            (Exact name of registrant as specified in charter)

        New Jersey                1-8266                     22-1831409
__________________________________________________________________________
 (State or other juris-      (Commission File No.)        (IRS Employer
diction of incorporation)                               Identification No.)


     Route 571, P.O. Box 7528, Princeton, NJ                08543-7528
__________________________________________________________________________
     (Address of principal executive offices)                (Zip Code)

Registrant's telephone number, including area code: (609) 799-0071

__________________________________________________________________________
 (Former name or former address, if changed since last report)



Item 7.  Financial Statements and Exhibits.

     Included in this report is the following exhibit:

     Exhibit 99.  Press Release dated August 17, 2004 announcing the first
fiscal quarter results of operations.

Item 12. Results of Operations and Financial Condition

     On August 17, 2004 Dataram Corporation announced the results of
operations for the first fiscal quarter.  A copy of this public
announcement is attached as an exhibit and is incorporated herein by
reference.  An associated dial-in conference call occurred on the date of
the announcement's release, which was itself publicly announced and broadly
accessible to the public.  Further information about the Company is
available at http://www.dataram.com.

     The information provided in this report and in that conference call
may include forward-looking statements relating to future events, such as
the development of new products, the commencement of production, or the
future financial performance of the Company. Actual results may differ from
such projections and are subject to certain risks including, without
limitation, risks arising from: changes in the price of memory chips,
changes in the demand for memory systems, increased competition in the
memory systems industry, order cancellations, delays in developing and
commercializing new products and other factors described in the Company's
most recent Annual Report on Form 10-K, filed with the Securities and
Exchange Commission, which can be reviewed at http://www.sec.gov and at
http://www.dataram.com.



                                 SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned, hereunto duly authorized.

                                        DATARAM CORPORATION


                                 By:  MARK MADDOCKS
Date:  August 17, 2004                _____________________________________
                                      Mark Maddocks, Vice President-Finance
                                      and Chief Financial Officer




</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>pr1qtr.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>

DATARAM

PRESS RELEASE

Dataram Contact:                      Investor Contact:
Mark Maddocks,                        Joe Zappulla
Vice President-Finance, CFO           Wall Street Investor Relations Corp.
609-799-0071                          212-681-4100
info@dataram.com                      JZappulla@WallStreetIR.com



                    DATARAM REPORTS FIRST QUARTER
                         FINANCIAL RESULTS

   o   Company Earns $.13 Per Diluted Share
   o   Backlog Grows to $5.1 Million


PRINCETON, N.J. August 17, 2004 -- Dataram Corporation (NASDAQ: DRAM) today
reported its financial results for its first fiscal quarter ended July 31,
2004. Revenue for the quarter was $15.8 million, compared to $12.3 million for
the first quarter of the previous fiscal year, an increase of 29%. Revenues
for the prior sequential quarter were $19.9 million. Net earnings for the
quarter were $1.2 million or $0.13 per diluted share compared to net earnings
of $171,000 or $0.02 per diluted share for the comparable prior year period
and $1.5 million or $0.17 per diluted share for the fourth quarter of last
fiscal year.

                                                                  Fourth
(In 000's, except per share amounts)      First Quarter           Quarter

                                     FY 2005      FY 2004         FY 2004

Revenues                            $ 15,791     $ 12,267        $ 19,948
Earnings from operations            $  1,183     $    136        $  1,742
Net earnings                        $  1,167     $    171        $  1,530
Diluted earnings per share          $   0.13     $   0.02        $   0.17


"This quarter represents our third consecutive quarter of year-over-year
revenue growth," commented Robert V. Tarantino, Dataram's chairman and CEO.
"It is not unusual for our first quarter to be less robust than the fourth
quarter as the fourth quarter is typically our strongest. Our order rate was
good and exceeded our revenues. The backlog increased to $5.1 million. We
regard the year-over-year growth as a strong indicator that demand for our
products continues to strengthen."

Mark Maddocks, Dataram's vice president of finance and CFO, added, "Our gross
margins are in line with our historical norm of approximately 25% and are
expected to remain at that level in the upcoming quarter. Engineering and S,
G&A expenses totaled approximately $2.9 million in the quarter. Second quarter
expenses are expected to be in this same range. The Company's balance sheet
remains strong. Our current ratio is 4.9-to-1 and we have no long-term debt."

Mr. Tarantino concluded, "Our OEM business during the first quarter continued
to be strong and represented approximately 53% of our revenue.  Additionally,
we received our first order from a major new customer, a computer
manufacturer. We remain confident that we will achieve our fiscal 2005
business plan."

Dataram will conduct a conference call today at 4:30 p.m. (EDT) to present its
first quarter financial results and to respond to investor questions.
Interested shareholders may participate in the call by dialing 800-837-5479
and providing the following reservation number: 21205403.  It is recommended
that participants call 10 minutes before the conference call is scheduled to
begin.  The conference call can also be accessed over the Internet through
Vcall at www.vcall.com.   A replay of the call will be available approximately
one hour after the completion of the conference call through Vcall and for 24
hours by dialing 800-633-8284 or 402-977-9140 and entering the reservation
number listed above.

ABOUT DATARAM CORPORATION
Dataram is a worldwide leader in the design and manufacture of high capacity,
reliable and innovative memory solutions. With over 37 years experience
Dataram provides customized memory solutions for OEMs and compatible memory
for leading brands including HP/Compaq, Dell, IBM, SGI, Sun Microsystems and
Intel. For more information about Dataram, visit www.dataram.com



The information provided in this press release may include forward-looking
statements relating to future events, such as the development of new products,
the commencement of production, or the future financial performance of the
Company. Actual results may differ from such projections and are subject to
certain risks including, without limitation, risks arising from: changes in
the price of memory chips, changes in the demand for memory systems, increased
competition in the memory systems industry, order cancellations, delays in
developing and commercializing new products and other factors described in the
Company's most recent Annual Report on Form 10-K, filed with the Securities
and Exchange Commission, which can be reviewed at http://www.sec.gov.



                        ***** Financial Tables Follow *****



                      DATARAM CORPORATION AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF EARNINGS
                    (In thousands, except per share amounts)
                                    (Unaudited)


                                                        Quarter Ended
                                                           July 31,
                                                   2004                 2003

Revenues                                   $     15,791       $       12,267
Costs and expenses:
   Cost of sales                                 11,741                8,818
   Engineering and development                      319                  333
   Selling, general and administrative            2,548                2,980
                                           ____________       ______________
                                                 14,608               12,131

Earnings from operations                          1,183                  136

Other income (expense), net                          65                   50
                                           ____________       ______________

Earnings before income tax expense                1,248                  186

Income tax expense                                   81                   15
                                           ____________       ______________

Net earnings                              $       1,167       $          171
                                           ============       ==============

Net earnings per share:
   Basic                                  $        0.14       $         0.02
                                           ============       ==============
   Diluted                                $        0.13       $         0.02
                                           ============       ==============

Average number of shares outstanding:
   Basic                                          8,562                8,497
                                           ============       ==============
   Diluted                                        9,303                8,617
                                           ============       ==============


                       DATARAM CORPORATION AND SUBSIDIARIES
                       CONDENSED CONSOLIDATED BALANCE SHEETS
                                  (In thousands)
                                   (Unaudited)


                                          July 31, 2004      April 30, 2004

ASSETS
Current assets
   Cash and cash equivalents                 $    5,601          $    6,806
   Trade receivables, net                         7,828               8,846
   Inventories                                    4,512               2,537
   Deferred income taxes                            723                 723
   Other current assets                             306                  92
                                             ______________________________
      Total current assets                       18,970              19,004

Property and equipment, net                       2,680               2,858

Other assets                                         54                  50
                                             ______________________________

Total assets                                 $   21,704          $   21,912
                                             ==============================


LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
   Accounts payable                          $    3,096          $    3,862
   Accrued liabilities                              765               1,646
                                             ______________________________
      Total current liabilities                   3,861               5,508


Stockholders' equity                             17,843              16,404
                                             ______________________________

Total liabilities and stockholders' equity
                                             $   21,704          $   21,912
                                             ==============================



</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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