Data Storage Corporation Reports 2024 Fiscal Year Financial Results and Provides Business Update
Data Storage (DTST) reported its fiscal year 2024 results, highlighting significant financial improvements and strategic expansions. The company achieved total revenue of $25.4 million, a 2% increase from 2023, with a notable shift towards recurring subscription revenue. Net income surged 71% to $513 thousand, while Adjusted EBITDA reached $2.37 million.
Key developments include:
- Expansion to 10 global Tier III data centers, including new facilities in the UK and Chicago
- Integration of Flagship Solutions Group into CloudFirst Technologies
- Establishment of CloudFirst Europe with three UK data centers
- Secured major contracts in motorsports, insurance, and healthcare sectors
The company maintains a strong financial position with $12.3 million in cash and marketable securities, no long-term debt, and an estimated $22 million Annual Recurring Revenue run rate, with over 80% recurring revenue.
Data Storage (DTST) ha riportato i risultati dell'anno fiscale 2024, evidenziando significativi miglioramenti finanziari ed espansioni strategiche. L'azienda ha raggiunto un fatturato totale di 25,4 milioni di dollari, con un aumento del 2% rispetto al 2023, con un notevole spostamento verso i ricavi da abbonamento ricorrenti. L'utile netto è aumentato del 71% a 513 mila dollari, mentre l'EBITDA rettificato ha raggiunto 2,37 milioni di dollari.
Sviluppi chiave includono:
- Espansione a 10 centri dati globali di livello III, comprese nuove strutture nel Regno Unito e a Chicago
- Integrazione di Flagship Solutions Group in CloudFirst Technologies
- Costituzione di CloudFirst Europe con tre centri dati nel Regno Unito
- Contratti importanti nel settore degli sport motoristici, delle assicurazioni e della sanità
L'azienda mantiene una solida posizione finanziaria con 12,3 milioni di dollari in contante e titoli negoziabili, senza debiti a lungo termine, e un tasso di ricavi ricorrenti annuali stimato di 22 milioni di dollari, con oltre l'80% di ricavi ricorrenti.
Data Storage (DTST) reportó los resultados del año fiscal 2024, destacando mejoras financieras significativas y expansiones estratégicas. La compañía alcanzó un ingreso total de 25.4 millones de dólares, un aumento del 2% en comparación con 2023, con un notable cambio hacia los ingresos recurrentes por suscripción. La utilidad neta se disparó un 71% a 513 mil dólares, mientras que el EBITDA ajustado alcanzó 2.37 millones de dólares.
Los desarrollos clave incluyen:
- Expansión a 10 centros de datos globales de nivel III, incluyendo nuevas instalaciones en el Reino Unido y Chicago
- Integración de Flagship Solutions Group en CloudFirst Technologies
- Establecimiento de CloudFirst Europe con tres centros de datos en el Reino Unido
- Contratos importantes en los sectores de deportes de motor, seguros y atención médica
La compañía mantiene una sólida posición financiera con 12.3 millones de dólares en efectivo y valores negociables, sin deudas a largo plazo, y una tasa de ingresos recurrentes anuales estimada de 22 millones de dólares, con más del 80% de ingresos recurrentes.
Data Storage (DTST)는 2024 회계 연도 결과를 보고하며, 상당한 재무 개선과 전략적 확장을 강조했습니다. 이 회사는 총 수익 2540만 달러를 달성했으며, 이는 2023년 대비 2% 증가한 수치로, 반복 구독 수익으로의 주목할 만한 전환이 있었습니다. 순이익은 71% 증가하여 51만 3천 달러에 도달했으며, 조정된 EBITDA는 237만 달러에 도달했습니다.
주요 개발 사항은 다음과 같습니다:
- 영국과 시카고에 새로운 시설을 포함하여 10개의 글로벌 Tier III 데이터 센터로 확장
- Flagship Solutions Group을 CloudFirst Technologies에 통합
- 영국에 3개의 데이터 센터를 갖춘 CloudFirst Europe 설립
- 모터스포츠, 보험 및 의료 분야에서 주요 계약 확보
회사는 1230만 달러의 현금 및 유가 증권, 장기 부채 없음, 그리고 2200만 달러의 연간 반복 수익 추정치를 보유하고 있으며, 80% 이상의 반복 수익을 기록하고 있습니다.
Data Storage (DTST) a publié ses résultats pour l'exercice fiscal 2024, mettant en évidence des améliorations financières significatives et des expansions stratégiques. L'entreprise a réalisé un chiffre d'affaires total de 25,4 millions de dollars, soit une augmentation de 2% par rapport à 2023, avec un changement notable vers les revenus d'abonnement récurrents. Le bénéfice net a bondi de 71% pour atteindre 513 000 dollars, tandis que l'EBITDA ajusté a atteint 2,37 millions de dollars.
Les développements clés comprennent :
- Expansion vers 10 centres de données mondiaux de niveau III, y compris de nouvelles installations au Royaume-Uni et à Chicago
- Intégration de Flagship Solutions Group dans CloudFirst Technologies
- Création de CloudFirst Europe avec trois centres de données au Royaume-Uni
- Contrats majeurs sécurisés dans les secteurs des sports motorisés, des assurances et de la santé
L'entreprise maintient une solide position financière avec 12,3 millions de dollars en espèces et valeurs mobilières, sans dettes à long terme, et un taux de revenus annuels récurrents estimé à 22 millions de dollars, dont plus de 80% proviennent de revenus récurrents.
Data Storage (DTST) hat die Ergebnisse des Geschäftsjahres 2024 veröffentlicht und dabei erhebliche finanzielle Verbesserungen und strategische Erweiterungen hervorgehoben. Das Unternehmen erzielte einen Gesamtumsatz von 25,4 Millionen Dollar, was einem Anstieg von 2% im Vergleich zu 2023 entspricht, mit einem bemerkenswerten Trend hin zu wiederkehrenden Abonnement-Einnahmen. Der Nettogewinn stieg um 71% auf 513.000 Dollar, während das bereinigte EBITDA 2,37 Millionen Dollar erreichte.
Wichtige Entwicklungen umfassen:
- Erweiterung auf 10 globale Tier-III-Datenzentren, einschließlich neuer Einrichtungen im Vereinigten Königreich und in Chicago
- Integration der Flagship Solutions Group in CloudFirst Technologies
- Gründung von CloudFirst Europe mit drei Datenzentren im Vereinigten Königreich
- Gesicherte Großverträge in den Bereichen Motorsport, Versicherungen und Gesundheitswesen
Das Unternehmen hält eine starke finanzielle Position mit 12,3 Millionen Dollar in bar und handelbaren Wertpapieren, keinen langfristigen Schulden und einer geschätzten jährlichen wiederkehrenden Einnahmenrate von 22 Millionen Dollar, wobei über 80% der Einnahmen wiederkehrend sind.
- Net income increased 71% year-over-year
- Adjusted EBITDA reached $2.37 million
- Strong cash position of $12.3 million with no long-term debt
- $22 million Annual Recurring Revenue run rate
- Over 80% recurring revenue model
- $39.2 million remaining contract value
- Modest 2% revenue growth year-over-year
- Shift from higher-margin equipment sales to subscription revenue impacting short-term growth
Insights
Data Storage 's fiscal 2024 results reveal a strategic transformation with encouraging financial improvements. While total revenue grew modestly by
The company's financial health appears robust with
Most promising is the company's recurring revenue foundation, with an estimated
The Flagship Solutions Group integration appears strategically sound, streamlining operations while enhancing cross-selling capabilities. New client acquisitions across diverse sectors (motorsports, insurance, healthcare) demonstrate market validation for their service offerings while reducing concentration risk.
DTST's expansion to 10 global Tier III data centers represents a meaningful infrastructure enhancement that strengthens their competitive positioning. The addition of four new facilities in the UK and Chicago establishes the technical foundation needed to deliver true multi-region resiliency - a critical requirement for enterprise disaster recovery and business continuity services.
The international expansion through CloudFirst Europe creates a differentiated market position, as the company notes they're among "few single source global providers" serving clients across North America and Europe. This multi-region capability addresses increasingly stringent data sovereignty requirements while enabling global enterprises to standardize on a single provider.
Their multi-cloud architecture with direct connections to AWS, Azure, and Google Cloud positions them well within the hybrid/multi-cloud ecosystem, potentially creating a valuable intermediary role for clients navigating complex cloud environments. The completed integration of Flagship Solutions Group should enhance their delivery capabilities by unifying their technical teams and service offerings.
The company's emphasis on "compliant, mission-critical high processing infrastructure solutions" suggests they're targeting regulated industries and mission-critical workloads - market segments that typically generate higher margins and longer client retention due to the complexity of migration and regulatory requirements.
- Expanded CloudFirst platform in 2024 with 4 new Tier III data centers (UK & Chicago), totaling 10 globally to enhance multi-cloud and continuity services across North America and Europe
- Completed Flagship Solutions Group integration into CloudFirst, boosting efficiency and cross-sell potential to clients; secured major 2024 contracts across motorsports, insurance, healthcare, and education sectors
- Net income improved by approximately
71% for the 2024 fiscal year
compared to 2023 fiscal year and achieved Adjusted EBITDA* of$2.37 million for 2024 - Ends 2024 with
$12.3 million in cash and marketable securities
and no long-term debt - Conference Call to be held today at 11:00 am ET
MELVILLE, N.Y., March 31, 2025 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a leading provider of multi-cloud hosting, managed cloud services, disaster recovery, cybersecurity, and IT automation, with direct connection to AWS, Microsoft Azure, and Google Cloud, today provided a business update and reported financial results for the year ended December 31, 2024.
“We made consistent progress in 2024 — both financially and strategically,” said Chuck Piluso, CEO of Data Storage Corporation. “To start, total revenue for the year increased to
“In 2024, we also took steps to expand our footprint. Internationally, we launched CloudFirst Europe Ltd. supported by three Tier III data centers in the UK through three strategic partnerships. This expansion positions us to provide our Power platform serving clients across the U.S., Canada, and the UK — we are one of the few single source global providers. To lead our European operations, we appointed Colin Freeman as Managing Director, and early traction in the region has been promising. Domestically, we added a Tier III data center in Chicago, bringing our total to ten global sites while enhancing redundancy and performance across North America.”
“We also completed the full integration of our Flagship Solutions Group subsidiary into our CloudFirst Technologies subsidiary, which has streamlined operations and improved our ability to deliver integrated cloud and managed services to clients. Key new contracts in 2024 included engagements with a Canadian division of a major motorsports manufacturer, a billion-dollar insurance provider, and a U.S. medical center — each reflecting our strength in delivering compliant, mission-critical high processing infrastructure solutions.”
“Overall, 2024 was a year of meaningful execution across all fronts. We advanced our shift to a high-margin, recurring revenue model, expanded into new international markets, strengthened our infrastructure, and delivered improved financial results. These accomplishments reinforce our long-term vision and position us to scale further in 2025 and beyond as demand for compliant, enterprise-grade cloud solutions continues to rise globally.”
Conference Call
The Company plans will host a conference call at 11:00 a.m. Eastern Time on Monday, March 31, 2025, to discuss the Company's financial results for the 2024 fiscal year which ended December 31, 2024, as well as corporate progress and other developments.
The conference call will be available via telephone by dialing toll-free 877-407-9219 for U.S. callers or for international callers +1-201-689-8852. A webcast of the call may be accessed at DSC 2024 Fiscal Year Earnings Call or on the Company’s News & Events section of the website, www.dtst.com/news-events.
A webcast replay of the call will be available on the Company’s website (www.dtst.com/news-events) through September 30, 2025. A telephone replay of the call will be available approximately three hours following the call, through April 7, 2025, and can be accessed by dialing 877-660-6853 for U.S. callers or + 1-201-612-7415 for international callers and entering conference ID: 13751220.
About Data Storage Corporation
Data Storage Corporation (Nasdaq: DTST) through its subsidiaries is a leading provider of multi-cloud hosting, fully managed cloud services, disaster recovery, cybersecurity, IT automation, and voice & data solutions. Recognizing that data migration is a critical step in transitioning from on-premises systems to the cloud, DSC provides comprehensive migration services to ensure seamless, secure, and efficient data transfer, minimizing downtime and optimizing performance.
Through its owned and operated cloud platform, built on IBM Power Cloud infrastructure, DSC delivers high-performance, scalable, and secure cloud solutions with interoperability across its infrastructure partners, AWS, Microsoft Azure, and Google Cloud.
With data centers supporting its CloudFirst platform deployments across the United States, Canada, and the United Kingdom, DSC provides mission-critical solutions to a diverse clientele, including Fortune 500 companies, government agencies, educational institutions, and healthcare organizations.
As a leader in the multi-billion-dollar cloud hosting and business continuity market, DTST is recognized for its expertise in cloud infrastructure, IT modernization, and data migration, enabling clients to transition to the cloud with confidence and operational continuity.
For more information, please visit www.dtst.com or follow us on X @DataStorageCorp.
*Adjusted EBITDA is a non-GAAP measure. Please refer to the Company’s financial disclosures for a reconciliation to the most directly comparable GAAP measure.
Safe Harbor Provision
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created thereby. Forward-looking statements are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release and include statements regarding being well-positioned to invest in future growth, the Company’s Power platform serving clients across the U.S., Canada and the UK and the Company’s recent accomplishments positioning it to scale further in 2025 and beyond as demand for compliant, enterprise-grade cloud solutions continues to rise globally, and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, the Company’s ability to grow its presence in Europe, the Company being well-positioned to invest in future growth, the Company’s successful transition from on-premises systems to the cloud, and DSC delivering high-performance, scalable, and secure cloud solutions with interoperability across its infrastructure partners. These risks should not be construed as exhaustive and should be read together with the other cautionary statements included in the Company’s Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it was initially made. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or otherwise.
Contact:
Crescendo Communications, LLC
212-671-1020
DTST@crescendo-ir.com
| DATA STORAGE CORPORATION AND SUBSIDIARIES | ||||||||
| CONSOLIDATED BALANCE SHEETS | ||||||||
| December 31, 2024 | December 31, 2023 | |||||||
| ASSETS | ||||||||
| Current Assets: | ||||||||
| Cash | $ | 1,070,097 | $ | 1,428,730 | ||||
| Accounts receivable (less allowance for credit losses of | 2,225,458 | 1,259,972 | ||||||
| Marketable securities | 11,261,006 | 11,318,196 | ||||||
| Prepaid expenses and other current assets | 859,502 | 513,175 | ||||||
| Total Current Assets | 15,416,063 | 14,520,073 | ||||||
| Property and Equipment: | ||||||||
| Property and equipment | 9,598,963 | 7,838,225 | ||||||
| Less—Accumulated depreciation | (6,159,307 | ) | (5,105,451 | ) | ||||
| Net Property and Equipment | 3,439,656 | 2,732,774 | ||||||
| Other Assets: | ||||||||
| Goodwill | 4,238,671 | 4,238,671 | ||||||
| Operating lease right-of-use assets | 575,380 | 62,981 | ||||||
| Other assets | 183,439 | 48,436 | ||||||
| Intangible assets, net | 1,427,006 | 1,698,084 | ||||||
| Total Other Assets | 6,424,496 | 6,048,172 | ||||||
| Total Assets | $ | 25,280,215 | $ | 23,301,019 | ||||
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||||||||
| Current Liabilities: | ||||||||
| Accounts payable and accrued expenses | $ | 3,183,379 | $ | 2,608,938 | ||||
| Deferred revenue | 212,390 | 336,201 | ||||||
| Finance leases payable | 17,641 | 263,600 | ||||||
| Finance leases payable related party | 33,879 | 235,944 | ||||||
| Operating lease liabilities short term | 98,860 | 63,983 | ||||||
| Total Current Liabilities | 3,546,149 | 3,508,666 | ||||||
| Operating lease liabilities | 523,070 | — | ||||||
| Finance leases payable | — | 17,641 | ||||||
| Finance leases payable related party | — | 20,297 | ||||||
| Deferred Tax Liability | 39,031 | — | ||||||
| Total Long-Term Liabilities | 562,101 | 37,938 | ||||||
| Total Liabilities | 4,108,250 | 3,546,604 | ||||||
| Commitments and contingencies (Note 7) | ||||||||
| Stockholders’ Equity: | ||||||||
| Preferred stock, par value $.001; 10,000,000 shares authorized; 1,401,786 designated as Series A Preferred Stock, par value $.001; 0 shares issued and outstanding on December 31, 2024 and 2023 | — | — | ||||||
| Common stock, par value $.001; 250,000,000 shares authorized; 7,045,108 and 6,880,460 shares issued and outstanding on December 31, 2024 and 2023, respectively | 7,045 | 6,881 | ||||||
| Additional paid in capital | 40,417,813 | 39,490,285 | ||||||
| Accumulated deficit | (18,982,589 | ) | (19,505,803 | ) | ||||
| Accumulated other comprehensive loss | (23,214 | ) | — | |||||
| Total Data Storage Corporation Stockholders’ Equity | 21,419,055 | 19,991,363 | ||||||
| Non-controlling interest in consolidated subsidiary | (247,090 | ) | (236,948 | ) | ||||
| Total Stockholders’ Equity | 21,171,965 | 19,754,415 | ||||||
| Total Liabilities and Stockholders’ Equity | $ | 25,280,215 | $ | 23,301,019 | ||||
| DATA STORAGE CORPORATION AND SUBSIDIARIES | ||||||||
| CONSOLIDATED STATEMENTS OF INCOME | ||||||||
| Year Ended December 31, | ||||||||
| 2024 | 2023 | |||||||
| Sales | $ | 25,371,303 | $ | 24,959,576 | ||||
| Cost of sales | 14,267,936 | 15,383,251 | ||||||
| Gross Profit | 11,103,367 | 9,576,325 | ||||||
| Selling, general and administrative | 11,023,476 | 9,744,736 | ||||||
| Income (loss) from Operations | 79,891 | (168,411 | ) | |||||
| Other Income (Expense) | ||||||||
| Interest income | 592,819 | 542,229 | ||||||
| Interest expense | (119,008 | ) | (74,502 | ) | ||||
| Loss on disposal of equipment | (1,599 | ) | — | |||||
| Total Other Income | 472,212 | 467,727 | ||||||
| Income before provision for income taxes | 552,103 | 299,316 | ||||||
| Provision for income taxes | (39,031 | ) | — | |||||
| Net Income | 513,072 | 299,316 | ||||||
| Loss in Non-controlling interest in consolidated subsidiary | 10,142 | 82,259 | ||||||
| Net Income Attributable to Common Stockholders | $ | 523,214 | $ | 381,575 | ||||
| Earnings per Share – Basic | $ | 0.08 | $ | 0.06 | ||||
| Earnings per Share – Diluted | $ | 0.07 | $ | 0.05 | ||||
| Weighted Average Number of Shares – Basic | 6,931,399 | 6,841,094 | ||||||
| Weighted Average Number of Shares – Diluted | 7,347,779 | 7,424,228 | ||||||
| DATA STORAGE CORPORATION AND SUBSIDIARIES | ||||||||
| CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||||
| Year Ended December 31, | ||||||||
| 2024 | 2023 | |||||||
| Cash Flows from Operating Activities: | ||||||||
| Net income | $ | 513,072 | $ | 299,316 | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Depreciation and amortization | 1,350,238 | 1,301,594 | ||||||
| Stock based compensation | 794,687 | 506,205 | ||||||
| Change in expected credit losses | 45,394 | 119,524 | ||||||
| Loss on disposal of equipment | 1,599 | — | ||||||
| Changes in Assets and Liabilities: | ||||||||
| Accounts receivable | (1,010,880 | ) | 2,123,340 | |||||
| Other assets | (135,003 | ) | — | |||||
| Prepaid expenses and other current assets | (347,717 | ) | 71,491 | |||||
| Right of use asset | 135,559 | 163,520 | ||||||
| Accounts payable and accrued expenses | 567,930 | (598,638 | ) | |||||
| Deferred revenue | (123,811 | ) | 55,141 | |||||
| Deferred tax liability | 39,031 | — | ||||||
| Operating lease liability | (90,010 | ) | (168,446 | ) | ||||
| Net Cash Provided by Operating Activities | 1,740,089 | 3,873,047 | ||||||
| Cash Flows from Investing Activities: | ||||||||
| Capital expenditures | (1,800,364 | ) | (1,545,017 | ) | ||||
| Purchase of marketable securities | (842,810 | ) | (2,307,228 | ) | ||||
| Sale of marketable securities | 900,000 | — | ||||||
| Net Cash Used in Investing Activities | (1,743,174 | ) | (3,852,245 | ) | ||||
| Cash Flows from Financing Activities: | ||||||||
| Repayments of finance lease obligations related party | (222,362 | ) | (520,624 | ) | ||||
| Repayments of finance lease obligations | (263,600 | ) | (359,869 | ) | ||||
| Cash received for the exercise of stock options | 133,005 | 1,699 | ||||||
| Net Cash Used in Financing Activities | (352,957 | ) | (878,794 | ) | ||||
| Effect of exchange rates on cash | (2,591 | ) | — | |||||
| Decrease in Cash | (358,633 | ) | (857,992 | ) | ||||
| Cash, Beginning of Year | 1,428,730 | 2,286,722 | ||||||
| Cash, End of Year | $ | 1,070,097 | $ | 1,428,730 | ||||
| Supplemental Disclosures: | ||||||||
| Cash paid for interest | $ | 23,549 | $ | 65,057 | ||||
| Cash paid for income taxes | $ | — | $ | — | ||||
| Non-cash investing and financing activities: | ||||||||
| Assets acquired by operating lease | $ | 647,958 | $ | — | ||||
The following table shows the Company’s reconciliation of net income (loss) to adjusted EBITDA for the years ended December 31, 2024, and 2023:
| For the year ended December 31, 2024 | ||||||||||||||||||||
| CloudFirst Technologies | CloudFirst Europe Ltd. | Nexxis Inc. | Corporate | Total | ||||||||||||||||
| Net income (loss) | $ | 3,562,622 | $ | (290,219 | ) | $ | (93,514 | ) | $ | (2,665,817 | ) | $ | 513,072 | |||||||
| Non-GAAP adjustments: | ||||||||||||||||||||
| Depreciation and amortization | 1,348,534 | 79 | 850 | 775 | 1,350,238 | |||||||||||||||
| Sales tax settlement | 142,021 | — | — | — | 142,021 | |||||||||||||||
| Interest income | — | — | — | (592,819 | ) | (592,819 | ) | |||||||||||||
| Interest expense | 119,008 | — | — | — | 119,008 | |||||||||||||||
| Provision for income tax | — | — | — | 39,031 | 39,031 | |||||||||||||||
| Stock-based compensation | 295,688 | — | 25,991 | 473,008 | 794,687 | |||||||||||||||
| Adjusted EBITDA | $ | 5,467,873 | $ | (290,140 | ) | $ | (66,673 | ) | $ | (2,745,822 | ) | $ | 2,365,238 | |||||||
| For the year ended December 31, 2023 | ||||||||||||||||||||
| CloudFirst Technologies | CloudFirst Europe Ltd. | Nexxis Inc. | Corporate | Total | ||||||||||||||||
| Net income | $ | 2,625,879 | $ | — | $ | (229,377 | ) | $ | (2,097,186 | ) | $ | 299,316 | ||||||||
| Non-GAAP adjustments: | ||||||||||||||||||||
| Depreciation and amortization | 1,300,237 | — | 705 | 652 | 1,301,594 | |||||||||||||||
| Interest income | — | — | — | (542,229 | ) | (542,229 | ) | |||||||||||||
| Interest expense | 74,502 | — | — | — | 74,502 | |||||||||||||||
| Stock-based compensation | 162,004 | — | 17,603 | 326,598 | 506,205 | |||||||||||||||
| Adjusted EBITDA | $ | 4,162,622 | $ | — | $ | (211,069 | ) | $ | (2,312,165 | ) | $ | 1,639,388 | ||||||||
FAQ
What was Data Storage 's (DTST) revenue growth in fiscal 2024?
How much did DTST's net income improve in fiscal 2024?
What is DTST's current Annual Recurring Revenue run rate?
How many data centers does DTST operate globally after 2024 expansion?
What is DTST's current cash position and debt status?
