Highest-materiality recent filing
Data Storage Q2 update: Nexxis revenue +9.3% YoY, $9.3M cash, no debt
Nexxis revenue from continuing operations increased 9.3% YoY in Q2 2026.
Data Storage Corp enters ATM equity facility for up to $10.6M with Maxim Group
New Equity Distribution Agreement with Maxim Group LLC allows at-the-market sales of common stock up to $10,600,000.
Data Storage Q1 update: Nexxis sales +10.9% YoY, launches AI subsidiary
Nexxis segment sales up 10.9% YoY; gross profit +32.1% with margin 53.7% (vs 45.0%).
Record net income of $19.2M from discontinued ops. Continuing ops revenue $1.4M, up 13.4% YoY.
Data Storage extends CEO/CFO contracts through 2028, grants equity; President resigns
CEO Charles Piluso receives FY2025 bonus: 160,600 RSUs vesting May 2026 plus cash as per employment agreement.
Data Storage Corp corrects Schwartz share count; tender offer retired 72% of shares
Amendment corrects clerical error: Harold Schwartz tendered 895,876 shares (originally misstated).
Data Storage completes tender offer, retires ~72% of outstanding shares for $29.3M
Purchased 5,625,129 shares at $5.20/share for aggregate $29,250,970.80.
Data Storage extends tender offer expiration to January 12, 2026
Tender offer expiration extended from January 7, 2026 to January 12, 2026.
Data Storage Corp. outlines 2026 strategy to acquire tech-enabled service providers
Tender offer expected to close on or about January 12, 2026, providing cash clarity for execution.
Data Storage Corp announces tender offer for up to 6.19M shares at $5.20/share
Tender offer to buy up to 6,192,990 shares at $5.20/share, aggregate ~$32.2M; offer expires Jan 7, 2026.
DTST reports Q3 2025 results; completes CloudFirst sale, refocuses on AI and cybersecurity
Completed sale of CloudFirst subsidiary; called a transformative milestone unlocking shareholder value.
Data Storage Corp Repurchases July 2021 Warrants for $2,049,388 After Cloud Sale
Data Storage Corporation repurchased July 2021 Warrants for an aggregate consideration of $2,049,388.
Data Storage closes sale of CloudFirst for $40M; targets AI, GPU, cybersecurity
Sale closed Sep 11, 2025; gross proceeds $40M; estimated net proceeds ~$24M after fees, taxes, adjustments.
Data Storage Corp supplements proxy with financial analysis details for $40M cloud divestiture vote
Shareholders sent letters on Aug 14, 18, 27 seeking additional info on financial multiples used in the proxy statement for the divestiture proposal.
Q2 rev $5.1M (+4.8%); proposes $40M CloudFirst sale, 85% stock buyback
Revenue $5.1M, up 4.8% YoY; gross profit $2.5M; cash $11.1M, no long-term debt.
Data Storage Corp. to sell cloud solutions business for $40M; retains Nexxis
Unit purchase agreement to sell CloudFirst Technologies to Total Server Solutions for $40M base price, subject to adjustments and escrows.
DTST Q1 revenue $8.1M; cloud/disaster recovery up 14% YoY; EBITDA $497K
Revenue of $8.1M, with cloud infrastructure and disaster recovery services up 14% YoY.
Data Storage sets 2025 annual meeting for July 31; proxy deadline May 2
2025 Annual Meeting scheduled for July 31, 2025; record date June 3, 2025.
Data Storage Corp FY2024 net income $513K (+71% YoY), revenue $25.4M, cash $12.3M
Net income $513K, up ~71% from prior year; revenue $25.4M, up 2% on shift to recurring subscriptions.
Data Storage Corp reports Q3 profitability; gross margin up 400+ bps to 43.2%
Revenue $5.8M in Q3 2024, slight decline YoY but strategic shift to recurring subscriptions.
Data Storage CEO, CFO, President, EVP adopt 10b5-1 plans to sell shares for tax obligations
CEO Piluso may sell up to 8,967 shares; CFO Panagiotakos up to 6,072 shares; President Schwartz and EVP Kempster up to 5,299 each.
Data Storage Q2 revenue $4.9M, gross margin expands to 49.0%, achieves H1 profitability
Revenue $4.9M in Q2 2024, down YoY due to large one-time equipment sales in Q2 2023.
Data Storage Corp enters $10.6M ATM equity distribution agreement with Maxim Group
Company can sell up to $10.6M of common stock at-the-market through Maxim Group as agent.
Stockholders approve increase in equity plan shares to 2.075M at annual meeting
Amendment to 2021 Stock Incentive Plan approved: authorized shares increased by 1M to 2,075,000.
Data Storage Q1 revenue up 20% to $8.2M; gross margin expands to 36%; achieves profitability
Revenue $8.2M (+20% YoY); gross profit +42%, margin 36% vs 30% last year.
Data Storage Corp amends bylaws to set quorum at 33.33% of voting stock
Board adopted bylaw amendment reducing quorum requirement to 33.33% of outstanding voting shares.
Data Storage regains Nasdaq compliance on audit committee requirement after appointing new director
Received letter from Nasdaq on April 2, 2024 confirming compliance with Listing Rule 5605(c)(2) for audit committee composition.
Data Storage Corp reports record FY2023 revenue of $25M, achieves profitability
FY2023 revenue $25.0M (record); gross profit margin 38.4% vs 33.9% prior year.
Data Storage Corp subleases Melville office through Oct 2029; annual rent $143k
Sublease term from April 1, 2024 to October 30, 2029; effective March 25, 2024 upon landlord consent.
Data Storage Corp appoints Nancy Stallone and Uwayne Mitchell to board
Nancy Stallone, CPA, appointed to board and Audit Committee as financial expert.
Data Storage Corp receives Nasdaq cure period after director death; audit committee vacancy
Director Joseph Hoffman passed away, leaving audit committee with only 2 members, violating Nasdaq Rule 5605(c)(2)(A).
Data Storage Corp merges subsidiaries Flagship and CloudFirst; appoints Clifford Stein to board
Merger of Flagship Solutions Group and CloudFirst to streamline operations, cut redundancies, and improve economies of scale.
Director death leaves Data Storage Corp audit committee with 2 members, violating Nasdaq rule
Director Joseph B. Hoffman passed away; he was also Compensation Committee chair and member of Audit and Nominating Committees.
Data Storage Corp raises salaries for CEO, CFO, President, EVP; approves bonuses and equity grants
CEO base salary increased to $250,000; CFO to $235,000; President to $245,000; EVP to $235,000.
Data Storage Corp Q3 revenue up 35% YoY, achieves profitability
Revenue increased 35% year-over-year; company reported profitability for Q3 2023.
Data Storage Corp 2023 annual meeting results: all proposals passed
Elected 8 directors (Piluso, Schwartz, Kempster, Argen, Hoffman, Maglione Jr., Grover, Correll) with over 3.22M votes each.
Data Storage Q2 revenue up 22% YoY, achieves second consecutive profitable quarter
Revenue increased 22% year-over-year for Q2 2023; net income positive for second consecutive quarter.
Data Storage Corp sets 2023 annual meeting for Sept 13; proposal deadline July 27
Annual Meeting scheduled for September 13, 2023.
Data Storage awards 25,000 options and RSUs to Schwartz and Kempster; salaries to rise
Annual base salary for each officer: $215k in 2023, $225k in 2024, $250k in 2025.
Data Storage Corp enters new employment agreements with CEO and CFO effective Jan 1, 2023
CEO Piluso base salary: $225K (2023), $235K (2024), $260K (2025).
Data Storage Corp approves executive compensation changes with salary, bonuses, and equity grants
CEO Piluso and President Schwartz each get $175K base salary and $150K bonus retroactive to Jan 1, 2022.
Eight directors elected with 63-67% of votes; Mark Wyllie resigned and not elected.
Data Storage Corp restates Q2 2022 financials; $292K vendor credit not properly deferred
Board and audit committee concluded Q2 2022 unaudited financials should no longer be relied upon.
Mark Wyllie resigns as CEO of Flagship unit and EVP; Data Storage disputes 'good reason' claim
Mark Wyllie resigned as CEO of Flagship Solutions and EVP of Data Storage, effective Oct 28, 2022.
Data Storage Corp files financials for acquired Flagship Solutions; Q1 2021 rev $3.9M, net loss $38k
Flagship Solutions (acquired May 31, 2021) Q1 2021 revenue $3.91M (up 37% YoY); net loss $38,324 vs net income $9,064 in Q1 2020.
Data Storage Corporation closes $8.305M registered direct offering and private placement
Sold 1,375,000 shares of common stock at combined price of $6.04 per share and 0.75 warrant.
Data Storage files 8-K/A with legal opinion; no new material info
Amendment adds Exhibit 5.1, an opinion of Lucosky Brookman LLP.
Data Storage Corp raises $8.3M in registered direct offering and warrant placement
Raised $8.3M gross proceeds via sale of 1,375,000 shares and warrants to purchase 1,031,250 shares.
the Board of Directors (the “Board”) of Data Storage Corporation (the “Company”) appointed Nancy M. Stallone, CPA and Uwayne A. Mitchell, Esq. to serve as directors of the Company.
the Board of Directors (the “Board”) of Data Storage Corporation (the “Company”) appointed Nancy M. Stallone, CPA and Uwayne A. Mitchell, Esq. to serve as directors of the Company.
On January 12, 2024, the Board of Directors (the “Board”) of Data Storage Corporation (the “Company”) appointed Clifford Stein to serve as a director of the Company.
On October 28, 2022, Data Storage Corporation (the “Company”) received notice from Mark Wyllie of his resignation (“Resignation”) from his position as Chief Executive Officer of Flagship Solutions, LLC (“Flagship”), a wholly-owned subsidiary of the Company, for “Good Reason”
Max materiality 0.85 · Median 0.60 · Most common event other_material