Quantum reports FY2024 revenue down 26% to $311.6M; GAAP loss $0.43/share

QUANTUM CORP /DE/

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.

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