secwatch.observer — SEC 8-K summary
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Issuer:     QUANTUM CORP /DE/ (QMCO)
CIK:        0000709283
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0000709283-24-000016
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quantum Q1 revenue falls to $71.3M; net loss widens to $20.8M; Q2 revenue guidance ~$73M
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- Revenue $71.3M vs $92.5M YoY; gross margin 36.6% down from 38.5%.
- GAAP net loss $20.8M ($0.22 per share); non-GAAP net loss $8.4M ($0.09 per share).
- Adjusted EBITDA loss $3.1M vs positive $1.5M YoY; subscription ARR up 29% to $18.8M.
- Cash $17.5M; term loan debt $75.8M; revolver borrowings $35.8M.
- Q2 FY2025 guidance: revenue ~$73M, non-GAAP EPS loss ~$0.06, Adjusted EBITDA near breakeven.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/709283/000070928324000016/0000709283-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/709283/000070928324000016/qtm-20240813.htm
  HTML page:      https://secwatch.observer/filing/0000709283-24-000016

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