secwatch.observer — SEC 8-K summary
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Issuer:     QUANTUM CORP /DE/ (QMCO)
CIK:        0000709283
Form:       8-K
Filed at:   2025-02-12T23:59:59+00:00
Accession:  0000709283-25-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quantum Q3 FY25: Revenue $72.6M, Adj EBITDA $4.7M; Debt-Reduction Equity Facility
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- Revenue $72.6M (+1% YoY), GAAP gross margin 43.8% vs 40.6% YoY; subscription ARR up 29% to $21.3M.
- GAAP net loss $71.4M ($14.56/share) includes $61.6M non-cash warrant adjustment; adjusted net loss $4.0M ($0.81/share).
- Adjusted EBITDA $4.7M, a $5M sequential improvement from Q2 and positive for first time in several quarters.
- Debt: term loan $105.9M, revolver $37.5M; entered standby equity purchase agreement with Yorkville for up to ~1.15M shares to reduce debt.
- Q4 FY25 guidance: revenue $66M ±$2M, adjusted EBITDA ~$1.7M, non-GAAP loss per share ($1.16) ±$0.05.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/709283/000070928325000002/0000709283-25-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/709283/000070928325000002/qtm-20250212.htm
  HTML page:      https://secwatch.observer/filing/0000709283-25-000002

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