Data Storage Q2 revenue up 22% YoY, achieves second consecutive profitable quarter

Data Storage Corp

2023-Q2 EPS reported $0.04 revenue$12,784,114

Revenue increased 22% year-over-year for Q2 2023; net income positive for second consecutive quarter.
Cash and short-term investments totaled over $10.6 million as of June 30, 2023.
Secured subscription contract with one of largest US food distributors; multi-million-dollar project with leading sports & entertainment company.
CEO Chuck Piluso cites momentum heading into Q3; focus on high-margin recurring revenue.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Data Storage Corp reported financial results for fiscal quarter ended June 30, 2023.

Period: fiscal quarter ended June 30, 2023
Result: reported results

Exact text from the filing

Data Storage Corporation Reports 22% Year-Over-Year Revenue Growth and Achieves Profitability for the Second Quarter of 2023

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Source: SEC EDGAR

accession 0001731122-23-001462

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