Data Storage Corp reports Q3 profitability; gross margin up 400+ bps to 43.2%

Data Storage Corp

2024-Q3 EPS reported $0.03 revenue$18,955,074

Revenue $5.8M in Q3 2024, slight decline YoY but strategic shift to recurring subscriptions.
Gross profit margin increased over 400 bps to 43.2% for Q3; gross profit up 8.7%.
Nine-month revenue $19.0M; achieved profitability for both three and nine months ended Sep 30, 2024.
Cash and marketable securities $11.9M, no long-term debt.
Expanded contracts with insurance, healthcare, education; new Chicago data center; UK expansion with appointment of Colin Freeman.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.