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Data Storage Corporation reports operating updates for a Nasdaq-listed technology services company whose continuing business is centered on Nexxis Inc., which provides VoIP/unified communications and dedicated internet connectivity. News releases recurring cover financial results, business update calls, and corporate progress following the completed CloudFirst divestiture and a completed issuer tender offer.
Company updates also address capital allocation, strategic advisory appointments, executive compensation with equity awards, warrant matters, and a strategy focused on recurring-revenue technology services, including cybersecurity, AI-enabled software, GPU infrastructure, and telecommunications offerings.
Data Storage Corporation (Nasdaq: DTST) announced that all outstanding publicly traded warrants (ticker DTSTW) to purchase up to 1,464,610 common shares expired on May 18, 2026 and were delisted from Nasdaq.
The expiration removes a potential source of future dilution and simplifies the capital structure. Following a tender offer in which 72% of outstanding shares were tendered, DTST reports approximately 2.2 million shares of common stock outstanding and is advancing a strategy centered on AI continuity infrastructure, including its planned Sovereign AI Solutions subsidiary.
Data Storage Corporation (Nasdaq: DTST) issued a Q1 2026 business update highlighting expansion into AI continuity infrastructure for regulated industries and the launch of wholly owned subsidiary Sovereign AI Solutions (SaiS).
Nexxis sales rose 10.9% year over year, gross profit grew 32.1%, and gross margin improved to 53.7% with no long-term debt and substantial working capital.
Data Storage Corporation (Nasdaq: DTST) outlined a new strategy centered on AI continuity infrastructure for regulated industries through a wholly owned subsidiary, Sovereign AI Solutions (SaiS). The platform aims to support recovery, validation and compliance for sovereign AI and AI Factory environments, targeting high-margin, recurring revenue.
The company highlighted its $40 million cloud business sale, a $29.3 million share tender reducing shares by ~72% to 2.17 million, a debt-free balance sheet, and stable Nexxis operations.
Data Storage Corporation (Nasdaq: DTST) will host a business update conference call on May 15, 2026 at 11:00 a.m. Eastern Time to discuss Q1 2026 results and corporate developments. A live webcast and dial-in details are available, with replay access through specified dates on the company website.
Data Storage Corporation (Nasdaq: DTST) reported fiscal 2025 results and major corporate actions on April 14, 2026. The company completed a $40.0 million CloudFirst divestiture, producing approximately $31.6 million net proceeds and a $20.1 million net gain on discontinued operations.
DTST returned $29.3 million to shareholders via a tender offer at $5.20 per share (reducing outstanding shares by ~72% as of Dec 8, 2025), exited 2025 debt-free with over $10 million cash, and reported record net income of $19.2 million. Continuing operations (Nexxis) generated $1.4 million revenue, +13.4% YoY, with gross profit $614,324 and 44.4% gross margin.
Data Storage Corporation (Nasdaq: DTST) rescheduled its fiscal 2025 business update conference call for April 14, 2026 at 11:00 a.m. Eastern Time to discuss 2025 financial results, corporate progress and other developments.
The call will be available by telephone and webcast at the company website, with a webcast replay available through October 14, 2026 and a telephone replay through April 21, 2026 (conference ID 13759995).
Data Storage Corporation (Nasdaq: DTST) has postponed its fiscal year 2025 investor conference call scheduled to report year-end results. The company said the delay allows additional time to complete its year-end audit because of several complex 2025 transactions.
Key items cited include the sale of CloudFirst, classification and settlement of most outstanding warrants, and completion of a tender offer. A new date and time for the call will be announced as soon as practicable.
Data Storage Corporation (Nasdaq: DTST) will host a business update conference call on March 31, 2026 at 11:00 a.m. ET to discuss fiscal 2025 results, corporate progress, and other developments. The call is available by telephone and via webcast, with replays available through specified dates on the company website.
Data Storage Corporation (Nasdaq: DTST) announced on February 12, 2026 that its Board approved the 2025 annual bonus for Chairman and CEO Chuck Piluso for the fiscal year ended December 31, 2025.
The award includes a cash payment under his employment agreement and a discretionary equity grant of 160,600 restricted stock units (RSUs), which will vest in full on May 20, 2026. Management emphasized that a substantial portion of the bonus was delivered in equity to align executive incentives with long-term shareholder interests, and highlighted strategic priorities including GPU infrastructure, AI-enabled software, cybersecurity, telecommunications, and managed services.
Data Storage (NASDAQ: DTST) appointed a strategic advisory team, launched a redesigned website, and provided a business update on its post-tender offer strategy on January 14, 2026. The company said it will focus on acquiring high‑margin, recurring‑revenue technology‑enabled service businesses while selectively evaluating AI‑adjacent and GPU‑related investments. The advisory roster includes Travis Sampson, Andrew Park, Jason Nocco, and David Waldman. Data Storage noted the divestiture of its cloud services business and described a disciplined hybrid acquisition strategy targeting predictable cash flows, strong margins, and established customer bases.