secwatch.observer — SEC 8-K summary
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Issuer:     Data Storage Corp (DTST)
CIK:        0001419951
Form:       8-K
Filed at:   2025-03-31T23:59:59+00:00
Accession:  0001731122-25-000478
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419951/000173112225000478/0001731122-25-000478-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419951/000173112225000478/e6469_8k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-25-000478

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer