secwatch.observer — SEC 8-K summary
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Issuer:     QUANTUM CORP /DE/ (QMCO)
CIK:        0000709283
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0000709283-22-000047
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/709283/000070928322000047/0000709283-22-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/709283/000070928322000047/qtm-20221102.htm
  HTML page:      https://secwatch.observer/filing/0000709283-22-000047

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer