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.
Overview of Quantum Corporation
Quantum Corporation is a United States-based company specializing in end-to-end data management solutions for unstructured data. With a focus on scale-out storage, archive solutions, and data protection, Quantum provides a trusted framework for customers who need to store, share, and safeguard their digital assets across their entire lifecycle.
Comprehensive Data Management Solutions
Quantum’s portfolio is designed to address the challenges of managing large volumes of video, image, audio, and other extensive data files. The company offers a robust suite of storage products that cover both primary and secondary storage segments. This includes software-defined storage systems that deliver high performance for active workloads and specialized secondary storage solutions that ensure long-term data preservation and integrity.
Primary Storage and Software-Defined Systems
The company’s primary storage offerings are built to handle high-speed data processing and real-time access requirements. Utilizing advanced software-defined storage architectures, Quantum delivers products that integrate seamlessly with enterprise IT infrastructures. Its solutions enable efficient management of active data, ensuring that critical business processes remain uninterrupted while providing the flexibility required to support diverse data types.
Secondary Storage and Archival Technologies
In recognition of the growing need for reliable and secure data archiving, Quantum has developed secondary storage solutions well-suited for managing unstructured data over long periods. Their archive systems, including object storage software and backup appliances, are engineered to preserve digital assets with integrity. The company's approach to secondary storage is designed to optimize cost, scalability, and sustainability, making them a vital partner for sectors where data longevity is essential.
Business Model and Market Segment
Operating primarily in the United States, Quantum derives its revenue from a combination of software licensing, system sales, and integrated data management solutions. Its customer base spans various industries including media and entertainment, healthcare, and research, where the need for secure, scalable, and efficient data storage solutions is critical. Quantum’s offerings are structured to deliver significant business value by ensuring that data remains accessible, manageable, and protected throughout its lifecycle.
Competitive Position and Industry Significance
Quantum is positioned within a competitive landscape that demands continuous innovation and excellence in technology. The company differentiates itself through its dual focus on both high-performance primary storage and reliable secondary storage for archival purposes. This integrated approach is not only a response to market demands but also a demonstration of deep industry expertise. By offering a broad spectrum of data management solutions, Quantum effectively addresses the evolving requirements of modern enterprises that depend on unstructured data.
Technical Expertise and Product Integration
At the core of Quantum’s value proposition is its ability to integrate multiple storage technologies into a coherent and scalable ecosystem. The company’s product suite is designed to work harmoniously, allowing organizations to seamlessly transition between active data processing and long-term archiving. This integration is supported by advanced software that simplifies management tasks while bolstering security and compliance protocols. Quantum’s commitment to technological excellence is evident in its meticulous approach to product development and lifecycle management.
Understanding the Value Proposition
Quantum Corporation stands as a critical resource for organizations that require dependable data infrastructure solutions. Its comprehensive offerings not only address current operational challenges but also simplify the complexities associated with managing vast quantities of unstructured data. The company’s solutions empower businesses to harness the full potential of their data assets by providing secure, scalable, and efficient storage systems that can adapt to varied business needs.
Conclusion
This detailed overview of Quantum Corporation illustrates its commitment to delivering innovative data management solutions that remain relevant over time. From high-performance primary storage to robust secondary archiving systems, Quantum continues to empower organizations with the tools necessary to manage their digital assets effectively. The company's emphasis on advanced technological integration and its disciplined approach to product development highlight its role as a trusted provider in the data storage sector.
- Industry Keywords: scale-out storage, archive solutions, data protection
- Core Business: End-to-end data management for unstructured data
- Market Focus: Primarily the United States with global expertise
- Solutions: Primary storage systems, secondary storage software, backup appliances
Quantum (QMCO) reported fiscal Q2 2025 results with revenue of $70.5 million, down from $75.7 million year-over-year. The company posted a GAAP net loss of $13.5 million, or ($2.82) per share. Subscription ARR grew 28% year-over-year to $19.6 million. Gross profit was $29.3 million (41.5% margin), and adjusted EBITDA was near breakeven at ($0.3) million. The company faced operational headwinds with supply chain issues, resulting in higher backlog. For Q3 2025, Quantum expects revenues of $72.0 million (±$2.0 million) and adjusted EBITDA of approximately $2.0 million.
Quantum (NASDAQ: QMCO) announced it will release its fiscal second quarter 2025 financial results on Wednesday, November 13, 2024, after market close. The company will host a conference call at 5:00 p.m. ET featuring Chairman and CEO Jamie Lerner and CFO/COO Kenneth Gianella. A webcast replay will be available on the company's website for at least 90 days, and a telephone replay will be accessible through November 20, 2024.
Quantum (NASDAQ: QMCO) has announced that its ActiveScale object storage software has extended its Veeam Ready qualifications. The new qualifications include ActiveScale 7.0 software, which supports all-flash solutions for fast ransomware recovery, and ActiveScale Cold Storage support of Veeam Archive Tier for low-cost, air-gapped retention of Veeam backups.
Key features of ActiveScale 7.0 include:
- Support for all-flash configurations for rapid recovery of mission-critical data
- Scale-out architecture for simple, scalable performance
- Cold Storage feature qualified as a Veeam Archive Tier
- Up to 98% lower cost than public cloud offerings for restoring backups
- Direct to Archive feature for cost reduction and simplified operations
ActiveScale 7.0 is now Veeam Ready qualified and available from Quantum solution integrators and partners, with options for capital purchase or pay-as-you-go subscription through Quantum GO.
Quantum (NASDAQ: QMCO) has unveiled enhancements to its global partner program, demonstrating its commitment to channel leadership. The company introduced a new partner portal with improved features to facilitate the sale of its AI and unstructured data management solutions. Key highlights include:
1. Expanded partner incentives with increased rebates for Expert and Premier level partners
2. Automated lead generation tools and Campaign-in-a-Box marketing programs
3. New Quantum GO subscription models
4. Recognition: Guillaume Crapart named CRN Channel Chief, Quantum Alliance Program received CRN 5-Star designation, and ActiveScale Z200 won CRN Tech Innovator award
These enhancements aim to equip partners with resources to offer comprehensive data management solutions for AI and growing customer needs.
Quantum (Nasdaq: QMCO) has announced a 1-for-20 reverse stock split of its common stock, effective August 26, 2024. This move aims to increase the per-share trading price to meet Nasdaq's continued listing standards. The split will reduce outstanding shares from approximately 95,849,938 to 4,792,497. Trading on a split-adjusted basis will begin on August 27, 2024, under the same symbol QMCO but with a new CUSIP number (747906600). Proportionate adjustments will be made to equity awards, warrants, and shares issuable under equity incentive plans. Shareholders with book-entry or beneficially held shares need not take action, while those with certificated shares will receive instructions from Computershare Trust Company, N.A., the exchange agent.
Quantum (Nasdaq: QMCO) reported its fiscal Q1 2025 results, with revenue of $71.3 million, down from $92.5 million in Q1 2024. The company faced challenges, including a GAAP net loss of $20.8 million ($0.22 per share) and an adjusted non-GAAP net loss of $8.4 million ($0.09 per share). Despite these setbacks, Quantum saw a 29% year-over-year increase in Subscription ARR to $18.8 million.
CEO Jamie Lerner noted improving traction for Myriad and ActiveScale products, but highlighted temporary headwinds affecting gross margins. The company has reached an agreement with lenders to improve liquidity and restructure financing. For Q2 2025, Quantum projects revenues of $73.0 million (±$2.0 million) and a non-GAAP adjusted basic net loss per share of ($0.06) (±$0.02).
Quantum (NASDAQ: QMCO), a leader in AI and unstructured data solutions, has announced the release of its fiscal first quarter 2025 financial results on Tuesday, August 13, 2024, after market close. The company will host a conference call at 5:00 p.m. ET (2:00 p.m. PT) to discuss the results, led by Jamie Lerner, Chairman and CEO, and Kenneth Gianella, CFO.
Analysts and investors can join the call using the following details:
- Conference Call Number: 1-866-424-3436
- International Call Number: +1-201-689-8058
- Conference ID: 13748092
Quantum (Nasdaq: QMCO) announced its fiscal year 2024 financial results, reporting a revenue of $311.6 million, a 26.2% decrease from the previous year. The GAAP net loss was $41.3 million or ($0.43) per share. The adjusted non-GAAP net loss was $27.5 million or ($0.29) per share. Adjusted EBITDA stood at ($5.3) million.
Annual recurring revenue reached $145 million, with subscription ARR up 33% to $17.8 million. The company highlights significant operational restructuring, expecting $16 million in annualized savings. Gross margins improved by over 600 basis points year-over-year.
Cash and cash equivalents ended at $25.9 million, with outstanding term loan debt at $87.9 million. For fiscal year 2025, Quantum anticipates revenues of $310 million ± $10 million, with adjusted EBITDA projected at $15 million ± $5 million.
Quantum (NASDAQ: QMCO) will announce its fiscal year 2024 financial results on June 17, 2024, after market close.
Chairman and CEO Jamie Lerner and CFO Kenneth Gianella will host a conference call at 5:00 p.m. Eastern Time to discuss the results, including the ASC-606 re-evaluation process, and provide a business update.
The call will be accessible via phone and webcast, with replay options available until June 24, 2024.
Quantum (Nasdaq: QMCO) will release its financial results for fiscal 2024 on June 17, 2024, after market close. This follows the conclusion of a review of its previously announced accounting matters. An analysis of standalone selling price (SSP) under ASC 606 has led to estimated revenue and net income increases for fiscal years 2022, 2023, and the first quarter of fiscal 2024. Adjustments will decrease deferred revenue on the balance sheet but have no impact on invoicing, cash, or customer obligations. The company also identified outstanding warrant agreements that have now been reclassified from equity to liability based on ASC 815, resulting in increased net income for the restated periods. These adjustments do not affect ongoing operations or lender obligations. Annual reports covering these periods will be filed on June 17. Quantum also amended its term loan and revolving credit agreements, waiving the total net leverage ratio covenant for Q1 2024.
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