Recent 8-K filings for DTST
Highest-materiality recent filing
Data Storage Corp reports record net income $19.2M; completes $40M CloudFirst sale, returns $29.3M to shareholders
- Record net income of $19.2M from discontinued ops. Continuing ops revenue $1.4M, up 13.4% YoY.
- Completed $40M CloudFirst divestiture; net proceeds $31.6M, net gain $20.1M.
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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.
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Record net income of $19.2M from discontinued ops. Continuing ops revenue $1.4M, up 13.4% YoY.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.85 · Median 0.65 · Most common event other_material