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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 (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 (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.
