Data Storage Corp reports record FY2023 revenue of $25M, achieves profitability

Data Storage Corp

FY2023 revenue $25.0M (record); gross profit margin 38.4% vs 33.9% prior year.
Recurring subscription services up 17% YoY; gross profit grew 18.5%.
Achieved profitability for FY2023; cash and marketable securities $12.7M.
CEO cites contract wins, CloudFirst/Flagship merger, and strategic M&A pipeline.

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 0.95

Data Storage Corp reported year ended December 31, 2023 results: revenue $25.0 million.

Period: year ended December 31, 2023
Revenue: $25.0 million
Result: reported results

Exact text from the filing

Data Storage Corporation Reports Record Revenue of $25 Million and Achieves Profitability for the 2023 Fiscal Year

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Source: SEC EDGAR

accession 0001731122-24-000523

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