Quantum Q3 revenue $111.2M, up 16.6% YoY; guides Q4 rev ~$102M with adjusted loss

QUANTUM CORP /DE/

2023-Q3 EPS reported -$0.28 revenue$307,407,000

Revenue $111.2M (+16.6% YoY); GAAP net loss $2.2M (-$0.02/sh); adjusted net income $1.6M ($0.02/sh)
Adjusted EBITDA $6.3M vs $0.8M a year ago; gross margin 36.2% down from 36.9% on product mix
Cash $26.0M; term loan $75.9M; revolver $27.7M; total interest expense $2.7M in Q3
Q4 FY2023 guidance: revenue ~$102M, non-GAAP adjusted net loss per share -$0.04, EBITDA ~$0.5M
Secondary Storage revenue growth drove YoY increase; supply chain showing signs of normalization

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

QUANTUM CORP /DE/ reported fiscal third quarter ended December 31, 2022 results: revenue $111.2 million, net income $2.2 million, EPS ($0.02) per share.

Period: fiscal third quarter ended December 31, 2022
Revenue: $111.2 million
Net income: $2.2 million
EPS: ($0.02) per share
Result: reported results

Exact text from the filing

Quantum Reports Third Quarter Fiscal 2023 Results Revenue Increases 16.6% Year-over-Year to $111.2 Million

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51 earnings releases filed in the last 30 days. Browse all earnings releases →

QUANTUM CORP /DE/ filing history →

Source: SEC EDGAR

accession 0000709283-23-000005

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