Data Storage Corp - DTST STOCK NEWS

Data Storage Corporation (DTST) has been awarded a multi-million project with a leading sports and entertainment company to provide cloud storage infrastructure. The customized solution improves response time, file recovery, and storage capacity for their security infrastructure.

Data Storage Corporation (DTST) subsidiary, Flagship Solutions Group, has secured a multi-million-dollar order with a Forbes Global 2000 listed company. The order is a result of expanding the relationship with an existing customer and validates the ability to meet the needs of large enterprise customers. The focus remains on growing recurring revenue and deepening penetration within the customer offering add-on recurring managed services.

Data Storage Corporation (Nasdaq: DTST) announced that CEO Chuck Piluso will participate in the Benzinga All Access event on April 20, 2023, at 11:00 AM Eastern Time. This event, which can be viewed live here, blends interviews with investor presentations, showcasing insights from executives across various sectors. Data Storage Corporation specializes in business continuity solutions, including disaster recovery, cloud infrastructure, and cybersecurity services, catering to a diverse clientele from industries like government, education, and healthcare. The company is recognized as a leader in the growing business continuity market, leveraging subscriptions to ensure stable revenue streams. For more details, visit their official website here.

Data Storage Corporation (Nasdaq: DTST) reported a robust financial performance for the year ended December 31, 2022, achieving a 60% increase in revenue to $23.9 million. The CloudFirst subsidiary generated $11.5 million in revenue with a 27% EBITDA margin and $1.9 million in net income. CEO Chuck Piluso emphasized strategic initiatives aimed at growth, focusing on recurring revenue streams and cybersecurity services. The company maintains a strong balance sheet with $11.3 million in cash and short-term investments, positioning itself as a market leader in cloud-based solutions. A conference call is scheduled for March 31, 2023, to discuss these results further.

Data Storage Corporation (Nasdaq: DTST) announced plans to host a conference call on March 31, 2023, at 10:00 am ET to discuss its financial results for the fiscal year ending December 31, 2022. Investors can join the call by dial-in or via a webcast available on the company's website. Additionally, a replay will be accessible through March 31, 2024. Data Storage Corporation specializes in business continuity solutions, cyber-security, and cloud infrastructure services for a diverse clientele, including Fortune 500 companies across various sectors like government and healthcare. Further details can be found at www.dtst.com.