Welcome to our dedicated page for Quantum news (Ticker: QMCO), a resource for investors and traders seeking the latest updates and insights on Quantum stock.
Quantum Corporation (QMCO) provides innovative data management solutions for enterprises managing large-scale unstructured data. This news hub delivers official updates and analysis on Quantum's strategic initiatives, financial performance, and technological advancements.
Investors and industry professionals will find timely updates including earnings reports, product launches, strategic partnerships, and leadership developments. Our curated collection ensures access to verified information about Quantum's scale-out storage solutions, archive technologies, and data protection systems.
Bookmark this page for structured insights into Quantum's progress across media, healthcare, and research sectors. Check regularly for updates on software-defined storage innovations and enterprise data management trends directly affecting QMCO's market position.
Quantum (QMCO) announced strategic developments aimed at enhancing financial and operational flexibility. Dialectic Capital Management has acquired Quantum's entire outstanding term debt of $51 million previously held by Blue Torch Capital.
As part of these changes, Dialectic's Co-Founder and Managing Partner John Fichthorn will rejoin Quantum's Board of Directors. Additionally, Lewis Moorehead has been appointed as Chief Financial Officer, effective April 4, 2025, succeeding Ken Gianella. Moorehead has been with Quantum since 2018, serving as Chief Accounting Officer.
The company also announced board changes, with Todd Arden resigning and Chris Neumeyer from PIMCO taking a non-voting observer role. These strategic moves are designed to support Quantum's transformation in data management for the AI era.
Quantum (NASDAQ: QMCO) has unveiled Quantum GO Refresh for DXi T-Series, a subscription-based program offering flexible payment options and hardware refreshes for data protection and cyber resilience solutions. The program introduces a turnkey subscription model with quarterly or annual payments for DXi all-flash backup appliances.
The new offering includes hardware, software, and support, featuring automatic hardware refreshes as solutions age. Key benefits include:
- Forever-ready platform with continuous software upgrades and hardware refreshes
- Pay-as-you-grow model with flexible payment terms
- Up to 70x more data storage through deduplication technology
- On-premises solution with no access or egress fees
- Veeam Ready/Veeam Integrated compatibility
Agreement terms range from 3 to 5 years, available through Quantum's worldwide reseller network, with plans to extend to other Quantum solutions later this year.
Quantum (QMCO) reported fiscal Q3 2025 results with revenue increasing to $72.6 million. The company achieved significant improvements in key metrics, including a 29% year-over-year increase in Subscription ARR to $21.3 million and GAAP gross profit of $31.8 million with 43.8% margin.
The company reported a GAAP net loss of $71.4 million ($14.56 per share), largely due to a $61.6 million non-cash adjustment to warrant liabilities. Adjusted EBITDA was positive at $4.7 million, showing a $5 million sequential improvement. The company entered a standby equity purchase agreement to reduce outstanding debt and improve its balance sheet.
For Q4 2025, Quantum expects revenue of $66 million (±$2.0 million), non-GAAP adjusted basic net loss per share of ($1.16) (±$0.05), and adjusted EBITDA of approximately $1.7 million.
Quantum (NASDAQ: QMCO), a leader in AI and unstructured data solutions, has scheduled its fiscal third quarter 2025 financial results release for Wednesday, February 12, 2025, after market close. The company will host a conference call at 5:00 p.m. ET (2:00 p.m. PT) featuring Chairman and CEO Jamie Lerner and CFO/COO Kenneth Gianella.
The earnings call will be accessible via phone (US: 1-866-424-3436, International: +1-201-689-8058) with conference ID 13751306. A webcast replay will be available on the company's website for at least 90 days, and a telephone replay will be accessible through February 26, 2025.
Quantum (NASDAQ: QMCO) has announced significant scalability enhancements to its Quantum Myriad all-flash file system. The system now offers incremental, in-place scaling with dynamic data leveling, allowing customers to start with as few as five partially populated NVMe Storage Server nodes and expand incrementally without service interruption.
Key features include support for up to 10 NVMe Storage Server Nodes, 400 GbE RDMA infrastructure, and new drive options including 61.44 TB and 122.88 TB Solidigm D5-P5336 QLC drives. The system can achieve storage capacities of up to 6 PB in five rack space units and 12 PB in 10U, with potential effective storage capacity of up to 240 PB with 10 nodes through data compression.
The enhanced system provides up to 80% usable capacity with n+2 data protection and is expected to grow to 20 nodes in future releases. These new features are anticipated to be available in the second half of 2025.
Quantum (QMCO) has entered into a Standby Equity Purchase Agreement (SEPA) with Yorkville Advisors Global, LP, providing access to up to $200 million in equity capital over three years. The agreement is initially to 1.15 million shares (19.99% of outstanding shares) until shareholder approval is obtained.
The SEPA features discount fees of 3% and 4%, with Quantum maintaining 100% discretion over timing and volume. The company plans to use the proceeds for working capital, general corporate purposes, and debt repayment. This strategic financial partnership aims to strengthen Quantum's balance sheet and support its AI data management solutions vision.
The company has been implementing revenue and margin improvement plans, restructuring, and cost reduction initiatives over the past year to enhance operational and financial health. The agreement includes covenant relief during the debt reduction process.
Quantum (NASDAQ: QMCO) has issued a clarification regarding recent shareholder transactions that were incorrectly reported by some news outlets as share dispositions. The company explained that these transactions actually involved senior lenders exercising previously issued warrants to purchase Quantum's common stock.
The company also noted that these parties are currently under trading restrictions due to Quantum's quarterly and financial results calendar, preventing them from selling the common stock.
Quantum (NASDAQ: QMCO) has announced the development of a new parallel file system client for their Myriad all-flash file system, featuring NVIDIA GPUDirect Storage capability. The innovative solution enables on-the-fly client node deployments with cross-platform compatibility, including NVIDIA Grace Hopper architectures.
The new client installs directly on GPU-equipped servers, creating operational Myriad GPU Nodes that establish direct RDMA data paths between storage and GPU memory. This bypasses CPU bottlenecks and supports multiple connection options including SMB, NFS, and planned S3 access.
The system will be available for evaluation through Quantum's Early Access Program in Q1 2025, with general availability planned for the second half of 2025. The solution targets AI/ML, HPC visualization, and video rendering applications.
Quantum (NASDAQ: QMCO) has announced the availability of the Scalar i7 RAPTOR, a new tape storage solution offering up to 200% higher storage density compared to traditional libraries. The system provides 2,008 usable data slots in a single cabinet, delivering over 36 PB of storage using LTO-9 technology.
Key features include enhanced serviceability with components replaceable in under five minutes, 80 PLUS Platinum power supply efficiency, and advanced security features like Active Vault and Logical Tape Blocking for ransomware protection. The solution integrates with Quantum's StorNext file system and ActiveScale object storage, supporting AI workflows and S3 Glacier-compatible cold storage services.
Quantum (NASDAQ: QMCO) has launched the DXi9200, a new hybrid backup appliance designed to enhance cyber resilience. The system offers scalable capacity from 110 TB to 2.2 PB usable, with up to 70x data reduction rates and logical capacities reaching 462 PBs. Key features include 30% faster ingest and restore performance, enhanced security measures aligned with NIST Cybersecurity Framework 2.0, and improved efficiency with 68% denser packaging and 25% reduced power consumption compared to previous generations. The solution includes data encryption, multi-factor authentication, and immutable snapshot capabilities for comprehensive ransomware protection.
