Data Storage Q2 revenue $4.9M, gross margin expands to 49.0%, achieves H1 profitability

Data Storage Corp

2024-Q2 EPS reported $0.02 revenue$13,146,239

Revenue $4.9M in Q2 2024, down YoY due to large one-time equipment sales in Q2 2023.
Gross profit margin increased 530 bps to 49.0% from 43.7% in prior-year quarter.
Six-month revenue $13.1M; company achieved profitability for H1 2024.
Cash and marketable securities approximately $12M as of June 30, 2024.
Expanded into UK with London office and deployed assets to Chicago data center.

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