Quantum Q2 revenue $99.1M at high-end guidance; record backlog $96.1M; guides Q3 revenue >$100M

QUANTUM CORP /DE/

2023-Q2 EPS reported -$0.26 revenue$196,212,000

Revenue $99.1M, up 6% YoY and 2% sequentially, at high-end of guidance.
GAAP net loss $11.9M ($0.13/sh) vs $10.6M loss prior quarter; adj. non-GAAP loss $0.5M ($0.01/sh).
Record backlog $96.1M driven by hyperscale forward orders; active subscription customers >550 (+180% YoY).
GAAP gross margin 28% due to $5M+ inventory reserve; non-GAAP gross margin 35% comparable sequentially.
Q3 FY2023 guidance: revenue $103M±$3M; adj. EBITDA ~$3.5M; adj. net loss ($0.01)/share.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

QUANTUM CORP /DE/ reported the quarter ended September 30, 2022 results: revenue $99.1 million, net income ($0.13) per share, EPS ($0.13) per share. Guidance initiated.

Period: the quarter ended September 30, 2022
Revenue: $99.1 million
Net income: ($0.13) per share
EPS: ($0.13) per share
Guidance: initiated
Result: reported results

Exact text from the filing

30, 2022. A copy of our earnings release is furnished as Exhibit 99.1 to this report. --- EX-99.1 (EX-99.1) --- Quantum Reports Second Quarter Fiscal 2023 Results Revenue of $99.1 Million at High-End of Guidance Amid Improving Supply Chain; Guides to Continued Revenue Growth SAN JOSE, Calif. — November 2, 2022 — Quantum Corporation (NASDAQ: QMCO) announced today

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Source: SEC EDGAR

accession 0000709283-22-000047

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