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30.06.25 - 22:30
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Quantum Delays Form 10-K Filing for Fiscal Year Ended March 31, 2025 (Business Wire)
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SAN JOSE, Calif.--(BUSINESS WIRE)--Quantum Corporation (Nasdaq: QMCO), today announced that it has filed a Notification of Late Filing on Form 12b-25 with respect to its Annual Report on Form 10-K for the fiscal year ended March 31, 2025. As such, the planned release of the Company's fiscal 2025 financial results today and the business update conference call originally scheduled to be held on Thursday, July 3, 2025 will be delayed.
The Company is reviewing its accounting related to certain revenue contracts as well as the application of standalone selling price under applicable accounting standards. The results of the review will need to be reflected in its financial statements for fiscal 2025 in the Company's Annual Report on Form 10-K.
The Company is working diligently to complete all remaining procedures and intends to file its Annual Report on Form 10-K and announce the date of its next conference call as soon as possible.
About Quantum
Quantum delivers end-to-end data management solutions designed ...
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03.06.25 - 14:03
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Quantum Announces Leadership Changes (Business Wire)
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Provides Update on Efforts to Transform Capital StructureSAN JOSE, Calif.--(BUSINESS WIRE)--Quantum Corporation (Nasdaq: QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, today announced leadership changes supporting its efforts to transform Quantum's ability to deliver consistent profitability and growth.
The Company appointed Hugues Meyrath as its new Chief Executive Officer, effective June 2. Meyrath is a storage industry veteran with over 30 years of experience, most of which includes affiliation with Quantum as a supplier, employee, competitor, and independent member of the Company's Board of Directors. “I am extremely excited to continue my journey with Quantum, now as CEO. I deeply appreciate the value and direction of the Company's technology, products, and potential, and look forward to working more closely with the Quantum team to unlock growth opportunities,” said Meyrath.
Meyrath succeeds Jamie Lerner, who served as CEO since Jul...
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06.05.25 - 14:33
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Quantum Announces Preliminary Fiscal Fourth Quarter 2025 Financial Results (Business Wire)
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SAN JOSE, Calif.--(BUSINESS WIRE)--Quantum Corporation (Nasdaq: QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, today announced select preliminary financial results for its fiscal fourth quarter of 2025 ended March 31, 2025.
Based on preliminary unaudited financials, the Company expects its reported results for fiscal fourth quarter of 2025 to reflect the following:
Revenue of $65 - $67 million, in line with guidance of $66 million, plus or minus $2.0 million
Gross margin of approximately 44%, plus or minus 1%
GAAP net loss of approximately $3.5 million, plus or minus $1.0 million
Quantum will release its full results for the fiscal fourth quarter and full fiscal year ended March 31, 2025 in mid-June 2025.
About Quantum
Quantum delivers end-to-end data management solutions designed for the AI era. With over four decades of experience, our data platform has allowed customers to extract the maximum value from their unique, unstructured data. From h...
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29.04.25 - 23:48
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Ouster Appoints New Chief Financial Officer (Business Wire)
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Ken Gianella brings 25+ years of financial experience in the technology sector to Ouster's Executive Team
SAN FRANCISCO--(BUSINESS WIRE)--$OUST--Ouster, Inc. (Nasdaq: OUST) (“Ouster” or the “Company”), a leading global provider of high-performance lidar sensors and software solutions for the automotive, industrial, robotics, and smart infrastructure industries, announced today the appointment of Kenneth Gianella as Chief Financial Officer, effective May 19, 2025. Ken will succeed interim CFO Chen Geng, who will continue at the Company as Senior Vice President, Strategic Finance & Treasurer.
Ken Gianella brings over 25 years of operations and finance experience in the Technology and Communications industries in both public and private companies. Prior to joining Ouster, Ken served as the CFO and then added COO duties at Quantum Corporation (Nasdaq: QMCO). He previously served as the VP of Investor Relations; Mergers, Divestitures, & Acquisitions; and Environmental, Social & Governance Strategy, an...
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03.04.25 - 23:03
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Quantum Announces New Strategic Investor Dialectic Purchases $51 Million of Outstanding Debt (Business Wire)
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Signals Next Step in Transforming Go-to-Market Growth Initiatives in Data Management for the AI Era
Appoints John Fichthorn to the Board and Lewis Moorehead as Chief Financial Officer
SAN JOSE, Calif.--(BUSINESS WIRE)--Quantum Corporation (Nasdaq: QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, today announced several strategic developments to provide financial and operational flexibility, facilitate growth initiatives, and better serve the evolving data needs of today's AI-driven organizations. Dialectic Capital Management, an investment management firm, has purchased all of Quantum's $51 million of outstanding term debt previously held by Blue Torch Capital. With this transfer, John Fichthorn, Dialectic's Co-Founder and Managing Partner, will be rejoining Quantum's Board of Directors.
“Dialectic was founded for select investment opportunities similar to Quantum, where providing capital to solve balance sheet constraints can unlock growth....
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19.03.25 - 13:48
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Kyriba Names Tech Executive Alex Pinchev to Independent Advisory Board (Business Wire)
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Liquidity Performance Leader Adds Pinchev to Guide GTM Strategy
SAN DIEGO--(BUSINESS WIRE)--Kyriba, a global leader in liquidity performance, announced today the appointment of Alex Pinchev to its Independent Advisory Board. Pinchev, an enterprise software industry veteran, brings more than 40 years of experience in the software business.
Throughout his career, Pinchev has held the role of CEO with four companies, including Capri Ventures LLC, Acronis, MainControl and Interchip. He has also served as President of global sales, services, and field Marketing of Red Hat, Inc., and President of global sales and marketing of Rackspace Limited. As a seasoned company founder and advisor, Pinchev has held numerous public and private board roles for such organizations as BMC Software, SUSE, Qualys and Quantum Corporation.
“On the heels of four record-breaking quarters in 2024, Kyriba is primed for further growth in 2025. Key to achieving this unprecedented growth is turbocharging our Go-to-Market Strategy. I am ...
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12.02.25 - 22:06
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Quantum Reports Fiscal Third Quarter 2025 Financial Results (Business Wire)
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Execution on Business Transformation Drives Significant Year-Over-Year Improvements
Takes Initial Step on Path Toward Becoming Debt-FreeSAN JOSE, Calif.--(BUSINESS WIRE)--Quantum Corporation (Nasdaq: QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, announced today financial results for its fiscal third quarter 2025 ended December 31, 2024.
Fiscal Third Quarter 2025 Financial Summary
Revenue increased to $72.6 million
Subscription ARR was up 29% year-over-year at $21.3 million
GAAP gross profit increased to $31.8 million, or gross margin of 43.8%
GAAP net loss was $71.4 million, or ($14.56) per share, which included a non-cash adjustment of $61.6 million to the fair market value of warrant liabilities
Adjusted non-GAAP net loss was $4.0 million, or ($0.81) per share
Adjusted EBITDA was $4.7 million, a $5 million improvement sequentially
“Third quarter revenue increased sequentially and was above the midpoint of guidance, as recent bookings moment...
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