Data Storage Corp FY2024 net income $513K (+71% YoY), revenue $25.4M, cash $12.3M

Data Storage Corp

2026-Q1 EPS reported $0.00 vs consensus -$0.35 ▲ beat (+100.0%)

Net income $513K, up ~71% from prior year; revenue $25.4M, up 2% on shift to recurring subscriptions.
Adjusted EBITDA $2.37M; cash and marketable securities $12.3M with no long-term debt.
Annual recurring revenue run rate ~$22M (>80% of revenue); remaining contract value $39.2M.
Expanded CloudFirst platform with 4 new Tier III data centers in UK and Chicago, totaling 10 globally.
Secured contracts in motorsports, insurance, healthcare; appointed Colin Freeman to lead European operations.

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