secwatch.observer — SEC 8-K summary
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Issuer:     Data Storage Corp (DTST)
CIK:        0001419951
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001731122-24-000804
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419951/000173112224000804/0001731122-24-000804-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419951/000173112224000804/e5677_8k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-24-000804

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