{"schema_version":"secwatch.filing_event.v1","accession":"0000709283-25-000007","form_type":"8-K","ticker":"QMCO","cik":"0000709283","company_name":"QUANTUM CORP /DE/","filed_at":"2025-04-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.068117+00:00","generated_at":"2026-05-23T12:39:26.965506+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Quantum files restated financials; auditor flags going concern doubt over debt covenants","bullets":["1-for-20 reverse stock split effective Aug 26, 2024; all share and per-share amounts retroactively adjusted.","Auditor's going concern opinion: company was in default of debt covenants at Mar 31, 2024, waivered through July 2024, but violation expected at next test.","FY2024 net loss $41.3M ($8.68 loss per share) vs FY2023 net loss $18.4M ($5.64 loss per diluted share).","FY2024 revenue $311.6M, down 26% from $422.1M in FY2023; product revenue fell to $174.9M from $274.9M.","FY2023 and FY2022 financials restated to correct misstatements; total liabilities at Mar 31, 2024: $309.1M with negative equity of $121.5M."],"urls":{"canonical":"https://secwatch.observer/filing/0000709283-25-000007","json":"https://secwatch.observer/filing/0000709283-25-000007.json","markdown":"https://secwatch.observer/filing/0000709283-25-000007.md","text":"https://secwatch.observer/filing/0000709283-25-000007.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/709283/000070928325000007/0000709283-25-000007-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/709283/000070928325000007/qtm-20250416.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T12:39:26.965506+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}