{"filings":[{"id":1277276,"accession_number":"0001628280-26-045529","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2026-06-25T20:21:42+00:00","items":["2.02","9.01"],"status":"ready","headline":"Quantum Q4 revenue $78M (+27% YoY), beats guidance; net loss narrows to $0.66/share; debt reduced to $55.9M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $78.0M, up 27% YoY, exceeding guidance of $68M (±$2M); GAAP net loss $9.5M ($0.66 loss per share).","Non-GAAP adjusted net loss $3.1M ($0.21 loss per share), a $9M improvement YoY; adjusted EBITDA $1.0M vs. -$3.9M YoY.","Outstanding term loan debt reduced to $55.9M from $102.5M; new convertible note fair valued at $90.0M; cash $16.2M.","Q1 FY2027 guidance: revenue $75M (±$2M), non-GAAP adjusted EBITDA $1.5M (±$1M), adjusted EPS loss $(0.15) (±$0.10).","CEO cites robust AI-driven demand for tiered storage; company eliminated debt and lowered cost structure."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":888161,"accession_number":"0001193125-26-259525","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2026-06-05T20:05:07+00:00","items":["1.02","5.08","8.01"],"status":"ready","headline":"Quantum Corp terminates credit agreement, convertible notes, and equity line; pays $57.8M to retire term loan","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Paid $57.8M to terminate Term Loan Credit Agreement: $56M principal, $1.5M interest, $0.3M fees.","Canceled all outstanding 10.00% PIK Senior Secured Convertible Notes due 2028; indenture discharged.","Terminated Standby Equity Purchase Agreement with Yorkville effective June 11, 2026; no amounts owed.","Board member John Fichthorn is Managing Partner of Dialectic Capital Management, advisor to note conversion counterparty.","Annual meeting set for September 15, 2026; stockholder proposal deadline June 17, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":792556,"accession_number":"0001193125-26-252718","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2026-06-02T14:41:23+00:00","items":["1.01","2.02","2.03","3.02","8.01","9.01"],"status":"ready","headline":"Quantum raises $100M equity, converts all convertible notes to equity; Q4 revenue above guidance","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Private placement of 10,615,712 shares at $9.42/share for gross proceeds of $100M; net ~$94.7M.","Proceeds to repay all existing term debt; remaining for working capital and growth.","Dialectic converts entire ~$57.2M of convertible notes (plus accrued interest) into common stock, eliminating that debt.","Preliminary Q4 FY2026 revenue ~$77.5M (+/- $2M), above guided $68M range; GAAP opex ~$30.5M; cash ~$15.5M.","Term loan maturity extended to September 2028; Sixteenth Amendment allows retention of part of future equity proceeds."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113852,"accession_number":"0001628280-26-008553","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2026-02-17T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Quantum beats Q3 revenue guidance, posts $2.9M adjusted EBITDA; debt reduced significantly","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $74.6M, above preliminary $72.7M and guidance of $67M±$2M.","GAAP net loss $27.8M ($2.03/share); non-GAAP adjusted net loss $4.9M ($0.36/share).","Non-GAAP adjusted EBITDA positive $2.9M vs $0.5M in prior quarter.","Term loan debt $54.6M, down from $105.9M a year ago after debt exchange.","Q4 guidance: revenue $68M±$2M, non-GAAP adjusted EBITDA breakeven ±$2M."],"consensus_eps_estimate":null,"consensus_eps_actual":-7.58,"consensus_revenue_estimate":null,"consensus_revenue_actual":201587000.0,"consensus_period":"2026-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113851,"accession_number":"0001628280-26-004461","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2026-02-02T23:59:59+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"Quantum appoints William H. White as CFO effective Feb 2, 2026","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["William H. White appointed CFO and principal financial officer, effective Feb 2, 2026.","White previously CFO at Emotive, leading a three-year financial turnaround and strategic exit.","Annual base salary $375K, target bonus 50%, 25K RSUs and 25K performance RSUs as inducement grants.","Change of control severance: 12 months salary plus bonus plus accelerated vesting; non-CIC severance: 6 months salary plus COBRA."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113850,"accession_number":"0001628280-26-002121","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2026-01-15T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Quantum prelim Q3 FY2026 revenue ~$72.7M, above guidance high-end","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue of ~$72.7M exceeds guided range high-end of $67M (+/- $2M).","GAAP gross margin ~38%.","GAAP operating expenses ~$28.1M; non-GAAP adj. OpEx ~$26.9M within guidance.","Full fiscal Q3 2026 results expected by mid-February 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":-7.58,"consensus_revenue_estimate":null,"consensus_revenue_actual":201587000.0,"consensus_period":"2026-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":130258,"accession_number":"0000709283-25-000091","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2025-12-18T23:59:59+00:00","items":["1.01","2.03","3.02","5.07","9.01"],"status":"ready","headline":"Quantum closes $54.7M convertible note exchange; potential dilution up to 36.9%","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $54.7M senior secured convertible notes to Dialectic at 10% PIK interest, maturing Dec 18, 2028.","Initial conversion price $10/share; subject to quarterly reset with floor of $4.00 or 30-day VWAP.","Full conversion plus warrant exercise would equal ~36.9% of outstanding common stock.","Shareholders approved debt exchange and other proposals at Dec 16, 2025 annual meeting.","Minimum liquidity covenant: $3.75M (Q1 2026) rising to $7.5M (Q4 2026) and thereafter."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":130257,"accession_number":"0000709283-25-000083","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2025-11-13T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Quantum Q2 FY2026 rev $62.7M; GAAP net loss $46.5M on $25.4M debt extinguishment","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $62.7M at high-end of guidance ($61-63M), down from $71.8M YoY.","GAAP net loss $46.5M ($3.49/share) vs. $12.2M YoY; includes $25.4M non-cash debt-extinguishment loss.","Non-GAAP adjusted EBITDA positive $0.5M; non-GAAP op. expenses fell >$5M YoY to $24.8M.","Q3 FY2026 guidance: revenue ~$67M ±$2M, adj. EBITDA positive $1M ±$1M, adj. EPS ($0.51).","CEO cites recent debt-exchange proposal, restructuring traction, and new sales leadership."],"consensus_eps_estimate":null,"consensus_eps_actual":-5.65,"consensus_revenue_estimate":null,"consensus_revenue_actual":127002000.0,"consensus_period":"2026-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":130256,"accession_number":"0000709283-25-000072","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2025-10-28T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Quantum prelim Q2 revenue ~$62.5M, at high-end of guidance; opex beats range","summary_kind":"llm","event_type":"earnings","confidence":"medium","bullets":["Revenue of approx. $62.5M, at high-end of guided $61M ±$2M range.","GAAP gross margin ~37.5%; GAAP operating expenses ~$32M.","Non-GAAP adjusted operating expenses ~$25M, below guidance of $27M ±$2M.","Full Q2 results expected by mid-November 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":-5.65,"consensus_revenue_estimate":null,"consensus_revenue_actual":127002000.0,"consensus_period":"2026-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":130255,"accession_number":"0000709283-25-000063","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2025-10-20T23:59:59+00:00","items":["5.08","8.01"],"status":"ready","headline":"Quantum sets 2025 annual meeting for Dec 16; shareholder proposal deadline Oct 30","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Annual meeting scheduled for December 16, 2025.","Stockholder proposals and director nominations must be submitted by October 30, 2025.","Deadline is based on Bylaws provision for meetings delayed more than 60 days from prior year.","Proposals must also comply with SEC Rule 14a-8 and Rule 14a-19."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":130254,"accession_number":"0000709283-25-000061","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2025-10-06T23:59:59+00:00","items":["4.01","9.01"],"status":"ready","headline":"Quantum dismisses Grant Thornton, appoints CohnReznick as auditor; cites material weaknesses in internal controls","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Audit Committee dismissed Grant Thornton as independent auditor effective Sept 30, 2025, after competitive process.","Grant Thornton's reports for FY2025 and FY2024 included going-concern explanatory paragraph; no adverse opinions or disagreements.","Material weaknesses in internal controls reported regarding controls environment, revenue recognition, manufacturing inventory, and warrants.","Appointed CohnReznick as new auditor for FY2026, subject to standard client acceptance procedures.","No prior consultations with CohnReznick on accounting matters during the past two fiscal years."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146834,"accession_number":"0001193125-25-212374","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2025-09-23T23:59:59+00:00","items":["1.01","2.03","3.02","8.01","9.01"],"status":"ready","headline":"Quantum enters debt-for-equity swap with Dialectic; lender to own ~38% of company","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["$51.3M term loans exchanged for 3-year 10% PIK convertible notes; conversion price $10/share with reset floor of $4.","Dialectic receives warrant for 2.65M shares at $8.81 (19.9% of outstanding); combined with notes, Dialectic owns ~38.1% post-closing.","Fifteenth Term Loan Amendment allows $15M retention from standby equity, defers cash interest for Q3 and Q4 2025, eliminates leverage and liquidity covenants.","Transaction requires stockholder approval; special committee of independent directors approved, board recommends.","Company to maintain minimum liquidity of $3.75M-$7.5M from Q1 2026 onward as new covenant."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146833,"accession_number":"0000709283-25-000047","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2025-09-15T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Quantum regains Nasdaq compliance for periodic filing requirement","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Received Nasdaq letter on Sept 12, 2025 confirming compliance with Listing Rule 5250(c)(1).","Previously delinquent periodic filing issue is now resolved and the matter is closed.","Removes risk of delisting from Nasdaq Global Market; stock ticker QMCO remains listed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146832,"accession_number":"0000709283-25-000038","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2025-09-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Quantum reports Q1 FY2026 revenue $64.3M, net loss $17.2M; guides Q2 revenue ~$61M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue of $64.3M, down 11% YoY from $72.3M; GAAP net loss $17.2M ($1.87/share) vs $19.9M loss ($4.15) prior year.","Non-GAAP adjusted net loss $14.5M ($1.58/share) vs $7.6M loss ($1.59) prior year; Adjusted EBITDA negative $6.5M vs negative $2.2M.","Cash, equivalents $37.5M; term loan debt $104.3M; no revolver borrowings at quarter end (previously $26.6M).","CEO Hugues Meyrath (appointed June) leading cost structure and balance sheet actions; new sales/marketing hires and two new board directors.","Q2 FY2026 guidance: revenue ~$61M, adjusted EPS loss ($0.26), adjusted EBITDA approx breakeven."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146831,"accession_number":"0000709283-25-000033","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2025-08-28T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Quantum appoints James C. Clancy and Tony J. Blevins to board of directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Appointed James C. Clancy and Tony J. Blevins as directors effective August 27, 2025.","Each director receives $50,000 annual cash retainer, committee fees, and pro-rated RSU grant.","RSUs vest 100% on the earlier of one year from grant or the 2025 annual meeting.","No familial relationships or transactions with existing officers/directors reported."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146830,"accession_number":"0000709283-25-000029","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2025-08-26T23:59:59+00:00","items":["3.01","8.01","9.01"],"status":"ready","headline":"Quantum receives Nasdaq delisting notice for late 10-Q filing; deadline Sept 15","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Notice received Aug 21, 2025 for failure to timely file Q1 FY2026 10-Q.","Must file 10-Q or submit compliance plan to Nasdaq by Sept 15, 2025.","Company concurrently filed FY2025 10-K; includes revenue contract accounting review.","Stock continues trading on Nasdaq; no immediate listing impact.","Delay due to additional time needed for financial statement review by auditor."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146829,"accession_number":"0000709283-25-000023","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2025-08-18T23:59:59+00:00","items":["1.02","2.02","8.01","5.02"],"status":"ready","headline":"Quantum Corp CFO resigns; terminates PNC credit line; restatement cuts Q3 rev by $3.9M","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["CFO Lewis Moorehead resigns effective Aug 18, 2025; Laura Nash (CAO) becomes Principal Financial Officer.","Revolving credit facility with PNC Bank terminated; $1.2M early termination fee paid in full.","Restatement expects $3.9M revenue decrease for fiscal Q3 ending Dec 31, 2024, consistent with prior disclosure.","Search for new CFO initiated; no indication of fraud or misconduct."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146828,"accession_number":"0000709283-25-000021","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2025-08-08T23:59:59+00:00","items":["4.02"],"status":"ready","headline":"Quantum restates Q3 FY2025 financials; revenue to decrease ~$3.9M on revenue recognition errors","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board concluded Q3 FY2025 interim financials (Dec 31, 2024) are no longer reliable.","Restatement expected to reduce revenue and net loss by approximately $3.9 million.","Errors involved service contract revenue recognition periods and standalone selling price under ASC 606.","Material weaknesses in internal control over financial reporting identified as of Dec 31, 2024 and Mar 31, 2025.","Non-material adjustments to Q1 and Q2 FY2025 will be revised in future quarterly filings."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146827,"accession_number":"0000709283-25-000018","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2025-07-23T23:59:59+00:00","items":["3.01","8.01","9.01"],"status":"ready","headline":"Quantum receives Nasdaq deficiency notice for late 10-K filing; 60 days to cure","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Nasdaq notified Quantum on July 17, 2025 of non-compliance with Rule 5250(c)(1) due to delayed FY 2025 10-K.","Company previously filed NT 10-K on June 30 citing accounting review of revenue contracts and standalone selling price.","Quantum has 60 days from notice to file the 10-K or submit a compliance plan to Nasdaq.","Listing and trading of QMCO common stock on Nasdaq continues for now, subject to other requirements.","Company states it is working diligently to complete the review and file the Annual Report as soon as possible."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146826,"accession_number":"0000709283-25-000016","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2025-07-08T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Quantum notifies CRO Henk Jan Spanjaard of intent to terminate employment","summary_kind":"llm","event_type":"leadership","confidence":"medium","bullets":["On July 1, 2025, Quantum notified CRO Henk Jan Spanjaard of intent to negotiate his termination.","Spanjaard served as Chief Revenue Officer; no replacement named as of filing date.","Filing provides no details on transition, severance, or timeline for departure."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":165264,"accession_number":"0001193125-25-142697","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2025-06-18T23:59:59+00:00","items":["5.02","5.03","9.01"],"status":"ready","headline":"Quantum appoints Hugues Meyrath CEO with $550K salary; cuts shareholder quorum to 1/3","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Hugues Meyrath becomes CEO: $550K base salary, 100% target bonus, 100K RSUs + 100K options vesting over 4 years.","Severance: 12 months base salary (non-change of control) or 18 months salary + bonus + full equity acceleration (change of control).","Bylaws amended to reduce stockholder quorum to one-third of outstanding shares.","Change of Control Agreement provides 150% of base + incentive lump sum and COBRA premium reimbursement.","Future performance-based RSUs possible; awards subject to LCC approval and share availability."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":165263,"accession_number":"0001193125-25-133841","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2025-06-03T23:59:59+00:00","items":["2.02","5.02","8.01","9.01"],"status":"ready","headline":"Quantum appoints new CEO Hugues Meyrath; raises ~$60M via equity facility","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["CEO Jamie Lerner resigned effective June 2, 2025; replaced by board member Hugues Meyrath.","New CEO Meyrath receives $550K base salary, 100K RSUs, and 100K performance-based RSUs.","Chairman Donald J. Jaworski appointed; CAO Brian E. Cabrera resigned as part of restructuring.","Raised ~$60 million to date under standby equity purchase agreement; restructuring remaining debt.","No changes to previously announced preliminary FQ4 FY2025 results (ended March 31, 2025)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":165262,"accession_number":"0000709283-25-000014","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2025-05-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Quantum prelim Q4 FY2025 revenue $65-67M in line, net loss ~$3.5M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue expected $65-67M, in line with guidance of $66M ±$2M.","Gross margin approximately 44% ±1%.","GAAP net loss approximately $3.5M ±$1.0M.","Full Q4 and FY2025 results to be released in mid-June 2025."],"consensus_eps_estimate":-0.459,"consensus_eps_actual":-22.35,"consensus_revenue_estimate":null,"consensus_revenue_actual":274058000.0,"consensus_period":"2025-FY","consensus_source":"xbrl+finnhub","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":165261,"accession_number":"0000709283-25-000011","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2025-04-29T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Quantum shareholders approve $200M stock issuance under Standby Equity Purchase Agreement","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Proposal 1 approved: issuance of up to $200M common stock and related change of control with 1,535,640 for, 48,426 against, 9,799 abstain.","Proposal 2 ratified: Grant Thornton LLP as auditor for FY2026 with 3,444,642 for, 155,136 against.","Proposal 3 approved: adjournment of special meeting if necessary with 3,304,580 for, 301,420 against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.15,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":165260,"accession_number":"0000709283-25-000007","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2025-04-17T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Quantum files restated financials; auditor flags going concern doubt over debt covenants","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["1-for-20 reverse stock split effective Aug 26, 2024; all share and per-share amounts retroactively adjusted.","Auditor's going concern opinion: company was in default of debt covenants at Mar 31, 2024, waivered through July 2024, but violation expected at next test.","FY2024 net loss $41.3M ($8.68 loss per share) vs FY2023 net loss $18.4M ($5.64 loss per diluted share).","FY2024 revenue $311.6M, down 26% from $422.1M in FY2023; product revenue fell to $174.9M from $274.9M.","FY2023 and FY2022 financials restated to correct misstatements; total liabilities at Mar 31, 2024: $309.1M with negative equity of $121.5M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":165259,"accession_number":"0001193125-25-072468","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2025-04-03T23:59:59+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"Quantum appoints new CFO, adds director from Dialectic; $51M debt assigned to Dialectic affiliate","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Lewis Moorehead named CFO effective April 4, succeeding Kenneth Gianella; Gianella stays as advisor until 10-K filing.","Board appoints John Fichthorn (Dialectic Capital founder) as director; Todd Arden resigns with no disagreement.","Blue Torch assigned $37.8M initial term loans and $13.5M delayed draw term loans to Dialectic Technology SPV (affiliated with Fichthorn).","Letter agreement with Gianella provides enhanced severance if company executes ≥$50M debt restructuring by late June 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":182935,"accession_number":"0000709283-25-000004","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2025-03-20T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Director Christopher Neumeyer resigns from Quantum's board; effective March 19, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Christopher D. Neumeyer resigned from Quantum's Board of Directors effective March 19, 2025.","Resignation not due to any disagreement with the company on operations, policies, or practices.","Neumeyer is EVP and portfolio manager at PIMCO, an affiliate of lenders to Quantum.","PIMCO intends to retain board observation rights and maintain its existing lending relationship."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":182934,"accession_number":"0000709283-25-000002","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2025-02-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Quantum Q3 FY25: Revenue $72.6M, Adj EBITDA $4.7M; Debt-Reduction Equity Facility","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $72.6M (+1% YoY), GAAP gross margin 43.8% vs 40.6% YoY; subscription ARR up 29% to $21.3M.","GAAP net loss $71.4M ($14.56/share) includes $61.6M non-cash warrant adjustment; adjusted net loss $4.0M ($0.81/share).","Adjusted EBITDA $4.7M, a $5M sequential improvement from Q2 and positive for first time in several quarters.","Debt: term loan $105.9M, revolver $37.5M; entered standby equity purchase agreement with Yorkville for up to ~1.15M shares to reduce debt.","Q4 FY25 guidance: revenue $66M ±$2M, adjusted EBITDA ~$1.7M, non-GAAP loss per share ($1.16) ±$0.05."],"consensus_eps_estimate":-0.2856,"consensus_eps_actual":-21.9,"consensus_revenue_estimate":null,"consensus_revenue_actual":214364000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl+finnhub","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":182933,"accession_number":"0001628280-25-002693","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2025-01-27T23:59:59+00:00","items":["1.01","3.02","9.01"],"status":"ready","headline":"Quantum enters $200M equity purchase agreement with Yorkville; obtains debt covenant waivers","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Standby Equity Purchase Agreement (SEPA) with YA II PN, Ltd.; up to $200M of common stock over 36 months.","Shares sold at 96% of VWAP (Option 1) or 97% of lowest daily VWAP over 3 days (Option 2).","Exchange cap at 1,157,139 shares (19.99% of outstanding) unless shareholder approval or avg price >$32.57.","Amendments to Term Loan and Revolver credit agreements waive minimum EBITDA test for Dec 31, 2024 and Mar 31, 2025, and waive defaults.","Proceeds intended to repay debt and for working capital; company cites efforts to lower debt and interest costs."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":199518,"accession_number":"0000709283-24-000035","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2024-11-13T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Quantum Corporation reports fiscal Q2 2025 revenue of $70.5M, net loss of $13.5M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue fell 6.9% YoY to $70.5M; GAAP net loss widened to $13.5M from $3.3M in prior-year quarter.","Subscription ARR grew 28% YoY to $19.6M; adjusted EBITDA was nearly breakeven at -$0.3M.","CEO cited supply chain headwinds leading to higher backlog, but gross margin improved 490 bps sequentially to 41.5%.","Debt increased: total term loan $104.7M, revolving credit $28.3M; cash and restricted cash fell to $17.0M.","Guides fiscal Q3 revenue ~$72M and adjusted EBITDA ~$2M, with non-GAAP net loss per share of ($0.75)."],"consensus_eps_estimate":-0.153,"consensus_eps_actual":-7.17,"consensus_revenue_estimate":null,"consensus_revenue_actual":141812000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl+finnhub","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":199517,"accession_number":"0000709283-24-000024","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2024-10-10T23:59:59+00:00","items":["3.01"],"status":"ready","headline":"Quantum receives Nasdaq delisting notice for failure to meet minimum market value of publicly held shares","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Nasdaq notified Quantum on Oct 4, 2024, that its Market Value of Publicly Held Shares was below $15M for 30 consecutive business days.","Company has 180 calendar days from notification date to regain compliance; no immediate effect on listing.","Compliance can be regained if Market Value of Publicly Held Shares closes at $15M or more for 10 consecutive business days.","The notification does not impact Quantum's business operations."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":215564,"accession_number":"0000709283-24-000021","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2024-09-23T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Quantum regains Nasdaq compliance for bid price and periodic filing; listing continued","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Received Nasdaq letter confirming compliance with bid price requirement (Rule 5450(a)(1)).","Panel separately confirmed compliance with periodic filing requirement (Rule 5250(c)(1)) on July 11, 2024.","Nasdaq Hearing Panel has determined to continue listing of Quantum's securities.","Panel will monitor periodic filing compliance through July 11, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":215563,"accession_number":"0001193125-24-203188","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2024-08-20T23:59:59+00:00","items":["5.07","8.01"],"status":"ready","headline":"Quantum shareholders approve reverse stock split; board sets 1-for-20 ratio effective Aug 26, 2024","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Shareholders approved reverse stock split at ratio from 1-for-5 to 1-for-20 at Aug 15 annual meeting.","Board set exact ratio at 1-for-20; effective Aug 26, 2024 at 4:01 p.m. ET; trading begins Aug 27 split-adjusted.","No fractional shares; fractional interests rounded up to next whole share. CUSIP changes to 747906600.","Proportionate adjustments to equity awards, warrants, and equity plan shares; par value unchanged at $0.01."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":215562,"accession_number":"0001193125-24-200315","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2024-08-14T23:59:59+00:00","items":["1.01","5.02","9.01"],"status":"ready","headline":"Quantum enters $25M DDTL facility, amends term loans, issues 7.6M warrants; CFO Gianella named COO","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["New $25M delayed draw term loan facility with 12-14% SOFR + 6-8% PIK; matures Aug 5, 2026; amortizes at 5% from Sep 30, 2025.","Issued warrants for 7,606,169 shares at $0.31 to term loan lenders; exercise price lowered on existing warrants covering 8,614,214 shares.","Initial term loan interest rate set at 9.75% SOFR + 3.75% PIK with step-up/step-down based on net leverage ratio.","Maximum total net leverage ratio covenant not tested until June 30, 2025; new minimum EBITDA covenant set for Dec 31, 2024 and Mar 31, 2025.","CFO Kenneth P. Gianella appointed COO effective Aug 13, 2024, as required by the Term Loan Amendment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":215561,"accession_number":"0000709283-24-000016","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2024-08-13T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Quantum Q1 revenue falls to $71.3M; net loss widens to $20.8M; Q2 revenue guidance ~$73M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $71.3M vs $92.5M YoY; gross margin 36.6% down from 38.5%.","GAAP net loss $20.8M ($0.22 per share); non-GAAP net loss $8.4M ($0.09 per share).","Adjusted EBITDA loss $3.1M vs positive $1.5M YoY; subscription ARR up 29% to $18.8M.","Cash $17.5M; term loan debt $75.8M; revolver borrowings $35.8M.","Q2 FY2025 guidance: revenue ~$73M, non-GAAP EPS loss ~$0.06, Adjusted EBITDA near breakeven."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.22,"consensus_revenue_estimate":null,"consensus_revenue_actual":71343000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":215560,"accession_number":"0001193125-24-178588","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2024-07-12T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Quantum extends covenant test deadline; issues 1M share warrants to lenders","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Total net leverage ratio for fiscal Q2 2024 not tested until July 31, 2024.","Revolver amendment extends deadline for subsequent amendment to July 31, 2024.","Issued warrants to term loan lenders for 1,000,000 shares of common stock.","Amendments include fees and expenses paid to administrative agent for lenders.","Company must make substantial progress on business initiatives by July 18, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":234904,"accession_number":"0001193125-24-163387","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2024-06-18T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Quantum appoints John R. Tracy to board and audit committee","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["John R. Tracy appointed director and Audit Committee member effective after FY 2024 10-K filing.","Tracy most recently served as EVP and CFO of Verifone Systems (2019-2024).","Standard director compensation: $50,000 annual cash retainer plus pro-rated RSU grant vesting over one year or next annual meeting.","No arrangements or transactions requiring disclosure under Item 404(a) with Tracy."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":234903,"accession_number":"0000709283-24-000013","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2024-06-17T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Quantum reports FY2024 revenue down 26% to $311.6M; GAAP loss $0.43/share","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP net loss $41.3M ($0.43/diluted share) vs prior-year loss of $18.4M ($0.20).","Annual recurring revenue (ARR) $145M; subscription ARR up 33% YoY to $17.8M.","Cash $25.9M; term loan debt $87.9M, revolver $26.6M; paid down $12.3M post-quarter.","Q1 FY2025 guidance: revenue ~$72M, non-GAAP EPS loss ~$0.09, Adj. EBITDA ~($2)M.","FY2025 outlook: revenue ~$310M, non-GAAP EPS loss ~$0.10, Adj. EBITDA ~$15M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":234902,"accession_number":"0001193125-24-158310","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2024-06-10T23:59:59+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"Quantum appoints Todd Arden as director; Nasdaq grants extension on bid price and filing deadlines","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Todd W. Arden appointed as director effective June 6, 2024; receives $15K/month cash retainer.","Arden to resign within 2 business days after Blue Torch Takeout Date per credit agreement.","Nasdaq hearings panel grants relief: minimum bid price must be met by Sept 16, 2024.","Quarterly Reports on Form 10-Q for Sep and Dec 2023 must be filed by July 1, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":234901,"accession_number":"0001193125-24-149195","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2024-05-29T23:59:59+00:00","items":["1.01","3.02","4.02","9.01"],"status":"ready","headline":"Quantum non-reliance on prior financials; restatement due to revenue & warrant accounting; estimates revenue/NI increase","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board concluded non-reliance on audited FY2022 & FY2023 and Q1 FY2024 financials; restatement underway.","Errors: inconsistent application of ASC 606 (standalone selling price) and misclassification of warrants as equity under ASC 815.","Company estimates restatement will increase previously reported revenue and net income for affected periods; no cash impact.","Lenders waived covenant tests related to restatement; issued 2M warrants at $0.46/share as part of amendments."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":234900,"accession_number":"0001193125-24-130707","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2024-05-03T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Quantum submits compliance plan to Nasdaq; aims to file delinquent reports by June 27","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Submitted written plan to Nasdaq on April 24 detailing progress on ASC 606 application and SEC filing timeline.","Plans to file Q2/Q3 FY2024 10-Qs and FY2024 10-K by June 27, 2024.","Nasdaq hearing scheduled for May 14; stay of delisting suspension granted pending hearing.","Company working with advisors and auditors to finalize accounting matters."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":234899,"accession_number":"0001193125-24-094785","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2024-04-12T23:59:59+00:00","items":["2.02","5.02","9.01"],"status":"ready","headline":"Quantum reports $26.1M cash, $87.9M debt; sells assets for $15M, Nasdaq delisting stay granted","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Cash and equivalents $26.1M; term loan $87.9M; revolver borrowings $26.6M; Q4 interest $4.1M.","Sold service inventory for ~$15M on Apr 2, used proceeds to pay down ~$12.3M debt.","Nasdaq granted stay of delisting pending hearing on May 14, 2024; working to regain compliance.","Board member Marc Rothman retiring by Aug 31, 2024 or annual meeting; director search underway.","Completed new ERP system implementation; expects reduced capex and operational efficiencies."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":252748,"accession_number":"0001193125-24-076507","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2024-03-25T23:59:59+00:00","items":["1.01","3.01","9.01"],"status":"ready","headline":"Quantum receives Nasdaq delisting notice; amends credit agreements to permit up to $15M asset sale","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Received Nasdaq delisting notice on Mar 19 due to bid price <$1 for >30 days and failure to timely file Q3 and Q4 FY2024 Form 10-Qs.","Timely requested hearing on Mar 21, staying delisting; stock remains listed pending hearing outcome.","Sixth Amendment to Term Loan Agreement permits sale of service inventory up to $15M; proceeds over $2.5M must prepay loans.","Amended Revolving Credit Agreement with PNC to permit asset sale; $102,352.29 amendment fee from proceeds."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":252747,"accession_number":"0001193125-24-039984","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2024-02-20T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Quantum obtains waivers for Dec 2023 covenant non-compliance; lenders impose operational advisor and milestones","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Term Loan and Revolver credit agreements amended: Dec 31, 2023 leverage covenant not tested; GAAP reporting waived for Q3 FY24 and certain months.","Company must engage an operational advisor by Feb 29, 2024 and make substantial progress on business initiatives by March 31, 2024.","Weekly management calls with lenders required; board may need to appoint a new independent director at lenders' request.","Failure to meet these conditions constitutes an immediate Event of Default under the credit agreements."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":252746,"accession_number":"0001193125-24-036343","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2024-02-14T23:59:59+00:00","items":["3.01"],"status":"ready","headline":"Quantum receives second Nasdaq delinquency notice for late Q3 FY2024 10-Q","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Notice on Feb 13, 2024 for failure to file Q3 FY2024 10-Q (quarter ended Dec 31, 2023).","First delinquency for Q2 FY2024 (Sep 30, 2023) with exception until May 7, 2024.","Company filed Form 12b-25 citing need to re-evaluate standalone selling price under ASC 606.","Listing continues; Nasdaq may accept compliance plan or Company may appeal to Hearings Panel."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":270225,"accession_number":"0001193125-23-279794","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2023-11-17T23:59:59+00:00","items":["3.01","8.01","9.01"],"status":"ready","headline":"Quantum receives Nasdaq notice for delayed Q3 10-Q filing due to ASC 606 re-evaluation","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Notified by Nasdaq on Nov 14, 2023 for failure to timely file quarterly report for period ended Sep 30, 2023.","Delay caused by additional time needed to re-evaluate standalone selling price under ASC 606.","Must submit compliance plan by Jan 16, 2024; Nasdaq may grant extension to May 7, 2024.","Company also faces earlier Nasdaq minimum bid price deficiency with compliance deadline of Mar 18, 2024.","Common stock continues trading on Nasdaq; no immediate delisting impact."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":270224,"accession_number":"0001193125-23-278766","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2023-11-16T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Quantum appoints Henk Jan Spanjaard as CRO; John Hurley departs Dec 1","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Henk Jan Spanjaard appointed CRO effective Nov 9, 2023; previously VP EMEA Sales since July 2020.","John Hurley, former CRO, mutually agreed to separate; last day expected Dec 1, 2023.","CEO cites improved pipeline for ActiveScale Cold Storage and DXI products; Myriad product upcoming.","Spanjaard brings 30+ years sales leadership experience at DriveScale, A10 Networks, Inflobox, NetApp."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":270223,"accession_number":"0001193125-23-276056","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2023-11-13T23:59:59+00:00","items":["1.01","2.02","9.01"],"status":"ready","headline":"Quantum delays Q2 FY2024 10-Q; re-evaluating ASC 606 revenue accounting; obtains lender waivers","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Filed Form 12b-25 for late 10-Q due to re-evaluation of Standalone Selling Price under ASC 606.","Cash and cash equivalents $25.6M (flat YoY); term loan debt $87.9M (up from $77.2M); revolver $21.5M.","Interest expense $3.9M for quarter, up from $2.7M a year ago.","Obtained waivers from lenders under term loan and revolving credit agreements to relax GAAP requirement for Q2 financials.","No set date for completing re-evaluation; earnings call postponed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":287206,"accession_number":"0000709283-23-000035","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2023-09-26T23:59:59+00:00","items":["3.01"],"status":"ready","headline":"Quantum receives Nasdaq non-compliance notice for bid price below $1.00","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Notified by Nasdaq on Sept 20, 2023 of minimum bid price deficiency.","Stock closed below $1.00 per share for 30 consecutive business days.","Company has 180 calendar days, until March 18, 2024, to regain compliance.","No immediate effect on Nasdaq listing or business operations.","If compliance not met by March 18, 2024, may be eligible for additional time."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":287205,"accession_number":"0001193125-23-235310","cik":709283,"company_name":"QUANTUM CORP /DE/","ticker":"QMCO","form_type":"8-K","filed_at":"2023-09-14T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Quantum Corp shareholders elect directors, approve equity plans at 2023 annual meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All six director nominees elected; highest votes 57.3M for Donald Jaworski, lowest 56.2M for Marc Rothman.","2023 Long-Term Incentive Plan approved: 56.0M for, 3.4M against, 653K abstain.","Employee Stock Purchase Plan amendment approved: 55.3M for, 4.1M against.","Say-on-pay passed: 55.2M for, 3.8M against; frequency set to one year.","Grant Thornton ratified as auditor for FY2024: 65.1M for, 192K against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":129107409.54639176,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2023-09-14T23:59:59+00:00|287205"}