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Quantum Corporation (QMCO) is a leading provider of innovative data storage and management solutions. Headquartered in the United States, Quantum specializes in scale-out storage, archive, and data protection services aimed at small businesses and large multinational enterprises alike. The company offers a unique approach to managing data throughout its entire lifecycle, from capture and sharing to long-term preservation.
Quantum's solutions are designed to handle large unstructured data sets and provide capabilities such as data ingestion, real-time collaboration, scalability, and robust protection. A significant portion of the company's revenue is derived from products based on tape technology, which remains a reliable and cost-effective medium for data storage.
One of the core strengths of Quantum is its scale-out portfolio, which allows businesses to manage digital assets efficiently and maximize their value. The company serves a global market, with the majority of its revenue generated in the Americas, followed by significant contributions from Europe and the Asia-Pacific region.
In recent developments, Quantum has made strides in enhancing its product offerings and expanding its market reach. The company has formed strategic partnerships and continues to innovate in the data management sector. Quantum's commitment to providing high-quality, reliable storage solutions has solidified its position as a trusted partner for businesses looking to protect and manage their data assets.
Quantum Corporation (NASDAQ: QMCO) reported a revenue of $85.8 million for Q2 FY2021, a 19% decline year-over-year. Despite this, the company exceeded its revenue guidance. Gross margin improved to 45.1%, with a net loss of $4.6 million or $(0.11) per diluted share. Adjusted EBITDA was $8.9 million, down from $12.7 million in the prior year. The company anticipates Q3 revenue between $93 million and $95 million, with an adjusted net loss forecast of $(1 million).
Quantum Corp. (NASDAQ: QMCO) announced that its StorNext® file system won the 2020 NAB Show Product of the Year Award in the Storage category, highlighting the company's focus on innovation in managing video data. This follows the release of StorNext 6.4, which enhances performance for cloud data management, essential for the media industry. Earlier this year, Quantum also received a Technology & Engineering Emmy® Award, reaffirming its role in advancing data management technologies.
Quantum Corporation (QMCO) will announce its financial results for the second fiscal quarter ending September 30, 2020 on October 28, 2020, post-market. The company will host a conference call at 4:30 p.m. ET to discuss the results, available via dial-in and webcast. Quantum provides technology and services for digital content management, catering to various sectors including entertainment and IoT. Recently, it was added to the Russell 2000® Index. For more information, visit www.quantum.com.
Quantum Corp. (NASDAQ: QMCO) announced that Noemi Greyzdorf, its director of product marketing, will participate in a panel discussion titled "Managing Unstructured Data to Unlock Enterprise Value" on October 20, 2020. This event highlights Quantum's leadership in managing unstructured data, complemented by the introduction of ActiveScale object storage software earlier this year. The panel will explore the significance of unstructured data in driving enterprise value, emphasizing the necessity for organizations to rethink data storage and analytics.
Quantum Corp. (NASDAQ: QMCO) announced the deployment of its storage solutions by Studio FAMU, enhancing their storage capabilities for high-resolution video projects. This includes the StorNext scale-out file storage and Scalar tape archive, enabling centralized management and long-term preservation of student projects. With an initial capacity of 2 PB, the solution allows easy remote access for students and faculty, seamlessly integrated with Media Asset Management systems. The implementation aids in safeguarding projects and teaching storage discipline, crucial during the pandemic.
Quantum Corp. (NASDAQ: QMCO) announced an expansion of its ActiveScale object storage solution by Genomics England, which now supports up to 100 PB of genomic data. This upgrade enhances their capability to analyze genomes, especially to assist in COVID-19 research. Genomics England has significantly reduced storage costs by 75% per genome and is projected to reduce costs by 96% by 2023. The storage solution provides high data durability and simplifies access for over 3,000 researchers, addressing the limitations of their previous NAS system.
Quantum Corp. (NASDAQ: QMCO) announced the availability of LTO Ultrium format generation 9 technology in its Scalar i6 and Scalar i6000 tape libraries, starting December 2020. The LTO-9 technology offers 18 TB of native capacity per cartridge, expandable to 45 TB with compression. This advancement aims to enhance data storage security and capacity for unstructured data management. Orders for LTO-9 will commence in September 2020, with broader availability expected in the first quarter of 2021. Quantum's integration of multi-factor authentication also enhances protection against ransomware.
Quantum Corp. (NASDAQ: QMCO) has announced a significant enhancement in data management for the Joint Network Center (GNZ) at the Fritz Haber Institute. By implementing the StorNext file system and Scalar tape solution, GNZ has successfully reduced its backup window by 50%, while also ensuring the integrity of vital scientific data. The improvements allow GNZ to manage over a petabyte of data effectively, doubling the number of institutes served and streamlining operations at a reduced cost.
Quantum Corp. (NASDAQ: QMCO) announced a new partnership with Nemeton TV to enhance its video storage solutions. The implementation includes StorNext scale-out file storage software and Scalar tape archives, providing needed reliability for live sports events. Nemeton TV's transition to streaming demands a reliable, scalable storage environment. Since implementing Quantum's solutions, Nemeton TV has reported 100% uptime and significantly improved data transfer speeds. This system positions them well for future production demands and analytics capabilities.
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