secwatch.observer — SEC 8-K summary
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Issuer:     Data Storage Corp (DTST)
CIK:        0001419951
Form:       8-K
Filed at:   2024-11-14T23:59:59+00:00
Accession:  0001731122-24-001785
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419951/000173112224001785/0001731122-24-001785-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419951/000173112224001785/e6134_8k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-24-001785

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