secwatch.observer — SEC 8-K summary
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Issuer:     QUANTUM CORP /DE/ (QMCO)
CIK:        0000709283
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0000709283-23-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/709283/000070928323000005/0000709283-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/709283/000070928323000005/qtm-20230202.htm
  HTML page:      https://secwatch.observer/filing/0000709283-23-000005

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