---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-24-000804"
form_type: "8-K"
ticker: "DTST"
cik: "0001419951"
company_name: "Data Storage Corp"
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T22:50:50.600357+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "medium"
source: SEC EDGAR
---

# Data Storage Q1 revenue up 20% to $8.2M; gross margin expands to 36%; achieves profitability

## Summary
- Revenue $8.2M (+20% YoY); gross profit +42%, margin 36% vs 30% last year.
- Achieved profitability in Q1 2024; cash and marketable securities $11.9M.
- Consolidated CloudFirst and Flagship subsidiaries to streamline operations.
- New contracts: expanded with major global telecom; won contract with largest US insurance company.
- Opened London office and moved to expanded headquarters in Melville, NY.

## SEC filing metadata
- accession: 0001731122-24-000804
- form_type: 8-K
- ticker: DTST
- cik: 0001419951
- company_name: Data Storage Corp
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: medium
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1419951/000173112224000804/0001731122-24-000804-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1419951/000173112224000804/e5677_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-24-000804
- JSON: https://secwatch.observer/filing/0001731122-24-000804.json
- Plain text: https://secwatch.observer/filing/0001731122-24-000804.txt

## Key facts
- Earnings Releases
  Data Storage Corp reported the fiscal quarter ended March 31, 2024 results: revenue $8.2 million.
  - Period: the fiscal quarter ended March 31, 2024
  - Revenue: $8.2 million
  - Result: reported results
  source text: new contracts with high profile clients, as well as streamlined operations for improved operations. As a result of our efforts, we witnessed a 20% increase in revenue to $8.2 million for the first quarter of 2024. Notably, our gross profit grew 42% with gross profit margin increasing to 36% for the first quarter of 2024 from 30% for the same period in
  evidence_url: https://www.sec.gov/Archives/edgar/data/1419951/000173112224000804/0001731122-24-000804-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.