|
|
|
17.12.25 - 22:09
|
Quantum Receives Shareholder Approval to Exchange Outstanding Term Debt for Senior Secured Convertible Notes (Business Wire)
|
|
|
Transaction to Eliminate Approximately 50% of Outstanding Term Debt
CENTENNIAL, Colo.--(BUSINESS WIRE)--Quantum Corporation (Nasdaq: QMCO) (Quantum or the Company), today announced that all matters brought before the Company's Annual Meeting of Shareholders held on December 16, 2025 were approved, including the proposal to issue senior secured convertible notes (Convertible Notes) to Dialectic Technology SPV LLC (Dialectic) in a dollar-for-dollar exchange for approximately $55 million of term debt held by Dialectic. As a result, following such exchange, Dialectic will be entitled to acquire shares of Quantum's common stock upon the conversion of such Convertible Notes.
Hugues Meyrath, CEO of Quantum, commented, “We are grateful to our shareholders for their strong support in approving this strategic debt exchange, which significantly strengthens our balance sheet by eliminating approximately 50% of our outstanding term loan debt. Following this transaction, the Company will have eliminated $140 millio...
|
|
|
|
|
13.11.25 - 22:06
|
Quantum Reports Fiscal Second Quarter 2026 Financial Results (Business Wire)
|
|
|
CENTENNIAL, Colo.--(BUSINESS WIRE)--Quantum Corporation (Nasdaq: QMCO) ("Quantum" or the "Company"), today announced financial results for its fiscal second quarter of 2026 ended September 30, 2025.
Fiscal Second Quarter 2026 Financial Summary
Revenue was $62.7 million, at the high-end of the guided range of $61 million, plus or minus $2.0 million
GAAP operating expenses were $31.7 million; non-GAAP adjusted operating expenses were $24.8 million, reflecting a year-over-year reduction of over $5 million
GAAP net loss was $46.5 million, or ($3.49) per share, which included a $25.4 million non-cash loss related to debt extinguishment and $3.5 million of restructuring expenses
Non-GAAP adjusted net loss was $7.1 million, or ($0.54) per share
Non-GAAP adjusted EBITDA was $0.5 million
Management Commentary
“Revenue for the quarter was at the high-end of the expected range, which we believe reflects the initial traction from our decisive actions to refresh and reinvigorate our sales organiz...
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Börsentreff auf Facebook |
Börsentreff auf X |
Börsentreff auf Instagram
