secwatch.observer — SEC 8-K summary
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Issuer:     Data Storage Corp (DTST)
CIK:        0001419951
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001731122-24-001241
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419951/000173112224001241/0001731122-24-001241-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419951/000173112224001241/e5872_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-24-001241

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