Data Storage Corporation Warrant - DTSTW STOCK NEWS

Data Storage (Nasdaq: DTST) reported a 20% increase in revenue for Q1 2024, reaching $8.2 million. The company's gross profit grew by 42%, with margins improving to 36% from last year's 30%. CEO Chuck Piluso attributed this growth to new high-profile contracts and streamlined operations. The company achieved profitability for the quarter and consolidated its CloudFirst and Flagship subsidiaries to optimize operations and leverage technical teams. DSC also expanded its international presence by opening a London office and moving to a larger headquarters in Melville, NY. The company reported a strong balance sheet with $11.9 million in cash and marketable securities.

Data Storage (Nasdaq: DTST) announced the opening of a CloudFirst London office, solidifying its international presence. The move aims to serve a global clientele by expanding into the UK market and fostering partnerships with Kanso Digital. Led by Salvatore Esposito, the strategic relationship will enhance CloudFirst's growth in the UK, capitalizing on the market's interest in Power Cloud solutions.

Data Storage (Nasdaq: DTST) has scheduled a conference call to discuss its first quarter 2024 financial results. The call will cover corporate progress, developments, and will be available via telephone or webcast. The Company offers business continuity solutions for disaster recovery, cloud infrastructure, cybersecurity, and IT services.

Data Storage (DTST) reports record revenue of $25.0 million for the 2023 fiscal year, with a 17% increase in recurring subscription-based services. Gross profit grew 18.5%, and gross profit margin increased to 38.4%. The company achieved profitability in 2023 and anticipates further growth in revenue, margins, and profitability in 2024. Strong contract momentum, new client acquisitions, expanded relationships with existing clients, and effective sales and marketing programs are driving growth. The company aims to boost revenue through growth strategies like CloudFirst and Flagship merger, expanding distribution channels, enhancing digital marketing, and exploring M&A prospects. With a strong balance of $12.7 million in cash and marketable securities, DTST is well-positioned to capitalize on market opportunities in disaster-recovery, cloud infrastructure, cyber-security, and IT sectors.

Data Storage (DTST) announces new headquarters in Melville, New York, expanding by 40% to support growth initiatives in disaster-recovery, cloud infrastructure, cyber-security, and IT services.

Data Storage (DTST) announces CloudFirst Solutions subsidiary selected by a major US insurance company for cloud migration project. The company will provide hosting, managed services, and advanced security solutions, showcasing expertise in cloud services and security.

Data Storage Corporation (DTST) to host conference call to discuss 2023 financial results and corporate progress.

Data Storage Corporation (DTST) appoints Nancy M. Stallone and Uwayne A. Mitchell to its Board of Directors, aiming to leverage their expertise in finance, auditing, legal, data privacy, and cybersecurity for strategic growth and governance.

Data Storage Corporation (DTST) has secured a six-figure contract with a multinational telecommunications company to replace and maintain its old tape library with new advanced backup technology. The company has had a long-term successful relationship with the multinational corporation for over twelve years and this new contract expands on the current solutions provided by Data Storage Corporation. The CEO, Thomas Kempster, expressed pride in the established relationship and highlighted the implementation of a new backup solution with advanced technology to increase storage capacity and meet compliance requirements in multiple countries.