Highest-materiality recent filing
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.
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 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 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 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 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.
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 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 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).
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 Q3 revenue up 35% YoY, achieves profitability
Revenue increased 35% year-over-year; company reported profitability for Q3 2023.
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 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 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