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Data Storage Corporation reports operating updates for a Nasdaq-listed technology services company whose continuing business is centered on Nexxis Inc., which provides VoIP/unified communications and dedicated internet connectivity. News releases recurring cover financial results, business update calls, and corporate progress following the completed CloudFirst divestiture and a completed issuer tender offer.
Company updates also address capital allocation, strategic advisory appointments, executive compensation with equity awards, warrant matters, and a strategy focused on recurring-revenue technology services, including cybersecurity, AI-enabled software, GPU infrastructure, and telecommunications offerings.
Data Storage Corporation (Nasdaq: DTST) reported second quarter 2026 sales from continuing operations of $358,530, up about 9.3% year over year, driven by its Nexxis telecommunications business, with gross profit of $168,481. However, loss from continuing operations widened to $1,175,376, and net loss attributable to common stockholders was $1,225,515, or $(0.55) per basic and diluted share.
As of June 30, 2026, the company reported $270,691 in cash and cash equivalents, $9,008,914 in marketable securities and no long‑term debt, following a tender offer that repurchased about 5.6 million shares for approximately $29.5 million. Management highlighted its strategy to deploy capital into recurring‑revenue technology acquisitions, including AI infrastructure, cybersecurity, communications and enterprise software, while Nexxis remains a recurring revenue platform. A business update call is scheduled for 11:00 a.m. ET on August 14, 2026.
Data Storage Corporation (Nasdaq: DTST) will host a business update conference call at 11:00 a.m. Eastern Time on August 14, 2026 to discuss its second quarter 2026 financial results, corporate progress and other developments. Investors can access the live call via U.S. toll-free number 877-407-9219 or international number +1-412-652-1274, and via webcast through the News & Events section of www.dtst.com/news-events. A webcast replay will be available on the company’s website through February 14, 2027. A telephone replay will be accessible approximately three hours after the call until August 21, 2026 by dialing 877-660-6853 (U.S.) or +1-201-612-7415 (international) and entering conference ID 13761587.
Data Storage Corporation (Nasdaq: DTST) appointed Jerome Naidoo as Strategic Advisor on July 7, 2026. He will guide artificial intelligence strategy, product architecture, and intellectual property development, supporting the Company’s Sovereign AI Solutions (SaiS) initiative and its AI Continuity Control Plane for regulated industries.
Naidoo brings 30+ years’ experience in software engineering, cybersecurity, distributed systems, and AI, with a focus on transforming complex data into actionable intelligence and building resilient, governance-focused AI systems for enterprise use.
Data Storage Corporation (Nasdaq: DTST) announced that all outstanding publicly traded warrants (ticker DTSTW) to purchase up to 1,464,610 common shares expired on May 18, 2026 and were delisted from Nasdaq.
The expiration removes a potential source of future dilution and simplifies the capital structure. Following a tender offer in which 72% of outstanding shares were tendered, DTST reports approximately 2.2 million shares of common stock outstanding and is advancing a strategy centered on AI continuity infrastructure, including its planned Sovereign AI Solutions subsidiary.
Data Storage Corporation (Nasdaq: DTST) issued a Q1 2026 business update highlighting expansion into AI continuity infrastructure for regulated industries and the launch of wholly owned subsidiary Sovereign AI Solutions (SaiS).
Nexxis sales rose 10.9% year over year, gross profit grew 32.1%, and gross margin improved to 53.7% with no long-term debt and substantial working capital.
Data Storage Corporation (Nasdaq: DTST) outlined a new strategy centered on AI continuity infrastructure for regulated industries through a wholly owned subsidiary, Sovereign AI Solutions (SaiS). The platform aims to support recovery, validation and compliance for sovereign AI and AI Factory environments, targeting high-margin, recurring revenue.
The company highlighted its $40 million cloud business sale, a $29.3 million share tender reducing shares by ~72% to 2.17 million, a debt-free balance sheet, and stable Nexxis operations.
Data Storage Corporation (Nasdaq: DTST) will host a business update conference call on May 15, 2026 at 11:00 a.m. Eastern Time to discuss Q1 2026 results and corporate developments. A live webcast and dial-in details are available, with replay access through specified dates on the company website.
Data Storage Corporation (Nasdaq: DTST) reported fiscal 2025 results and major corporate actions on April 14, 2026. The company completed a $40.0 million CloudFirst divestiture, producing approximately $31.6 million net proceeds and a $20.1 million net gain on discontinued operations.
DTST returned $29.3 million to shareholders via a tender offer at $5.20 per share (reducing outstanding shares by ~72% as of Dec 8, 2025), exited 2025 debt-free with over $10 million cash, and reported record net income of $19.2 million. Continuing operations (Nexxis) generated $1.4 million revenue, +13.4% YoY, with gross profit $614,324 and 44.4% gross margin.
Data Storage Corporation (Nasdaq: DTST) rescheduled its fiscal 2025 business update conference call for April 14, 2026 at 11:00 a.m. Eastern Time to discuss 2025 financial results, corporate progress and other developments.
The call will be available by telephone and webcast at the company website, with a webcast replay available through October 14, 2026 and a telephone replay through April 21, 2026 (conference ID 13759995).
Data Storage Corporation (Nasdaq: DTST) has postponed its fiscal year 2025 investor conference call scheduled to report year-end results. The company said the delay allows additional time to complete its year-end audit because of several complex 2025 transactions.
Key items cited include the sale of CloudFirst, classification and settlement of most outstanding warrants, and completion of a tender offer. A new date and time for the call will be announced as soon as practicable.