secwatch.observer — SEC 8-K summary
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Issuer:     QUANTUM CORP /DE/ (QMCO)
CIK:        0000709283
Form:       8-K
Filed at:   2024-06-17T23:59:59+00:00
Accession:  0000709283-24-000013
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/709283/000070928324000013/0000709283-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/709283/000070928324000013/qtm-20240617.htm
  HTML page:      https://secwatch.observer/filing/0000709283-24-000013

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