Data Storage Corp Stock Price, News & Analysis

Data Storage Corporation (Nasdaq: DTST) announced a management and operational realignment aimed at enhancing profitability and gross margins. The initiative includes centralizing service delivery and sales engineering teams, which is expected to improve the utilization of technical resources and expand client proposal tools across the sales team. Additionally, a focus on direct sales and international programs is set to boost recurring revenue and overall infrastructure solutions. Changes in leadership were also noted, with the appointment of Thomas Kempster as CEO of the Flagship subsidiary.

Data Storage Corporation (Nasdaq: DTST) has achieved ISO/IEC 27001:2013 certification for its CloudFirst and Nexxis divisions. This certification, awarded by A-LIGN, confirms the company's adherence to rigorous international information security standards, ensuring the confidentiality and integrity of its services, including cloud infrastructure and disaster recovery. CEO Chuck Piluso emphasized that this milestone not only validates internal security protocols but also enhances customer engagements. The certification reflects Data Storage Corporation's ongoing commitment to data security in a landscape demanding high standards.

Data Storage Corporation (DTST) announced its second-quarter results on August 11, 2022, reporting a 37% revenue increase year-over-year and a remarkable 121% growth for the first half of 2022. Notably, subscription-based services rose 47% in Q2. The company achieved positive EBITDA, backed by over $11 million in cash and no long-term debt, enhancing its financial stability. Management highlighted opportunities in cloud migration for IBM Power infrastructure as a growth driver. A conference call to discuss results was also scheduled for the same day.

Data Storage Corporation (DTST) will host a conference call on August 11, 2022, at 10:00 am ET to discuss its second-quarter financial results for the period ending June 30, 2022, and other corporate updates. The call can be accessed via telephone or webcast. The Company provides business continuity solutions from multiple data centers in the USA and Canada, focusing on cloud infrastructure, disaster recovery, and cybersecurity services. More details can be found on their official website.

Data Storage Corporation (Nasdaq: DTST) announced that CEO Chuck Piluso will present at the Benzinga All Access event on July 22, 2022, at 9:40 A.M. Eastern Time. The presentation will be live-streamed and can be accessed via YouTube. An archived recording will also be available on the company's investor relations page at DTST.com. Data Storage Corporation offers diverse solutions in business continuity, disaster recovery, cyber security, and data analytics across North America.

Data Storage Corporation (Nasdaq: DTST) reported a 236% year-over-year revenue growth for Q1 2022, rising from $2.6 million to $8.7 million. CEO Chuck Piluso announced positive net income and over $600,000 in EBITDA. The company emphasizes its strategic position in the cloud infrastructure, disaster recovery, and cyber security markets, leveraging a recent merger to enhance cross-selling capabilities. With $13 million in cash and no long-term debt, DSC is poised for further growth while expanding its sales force and marketing initiatives.

Data Storage Corporation (Nasdaq: DTST) is set to host a conference call on May 16, 2022, at 10:00 am ET to discuss its financial results for Q1 2022, which ended on March 31, 2022. The call can be accessed via toll-free numbers for U.S. and international callers or through a webcast. The company provides a range of business continuity solutions, including cloud infrastructure, disaster recovery, cyber security, and data analytics, serving clients across various sectors including government and healthcare.

Data Storage Corporation (Nasdaq: DTST) has extended its partnership with the Professional Fighters League (PFL) and Flagship Solutions Group for the 2022 season. The collaboration aims to utilize cloud-based products and AI to enhance fan engagement in MMA. PFL will leverage IBM's cloud and Watson technologies to improve its SmartCage technology and Fighter Performance Rating, providing data-driven insights for fans and athletes. PFL, the No. 2 MMA company globally, broadcasts to over 160 countries, featuring a unique sports-season format with significant prize incentives.

Data Storage Corporation (Nasdaq: DTST) announced significant growth in its business update for Q4 and the full year 2021. The company reported a revenue increase of 97.1% for Q4 and 59.6% for the fiscal year. Adjusted EBITDA was positive for both periods. The merger with Flagship Solutions enhanced offerings and cross-selling opportunities, resulting in a multi-million dollar contract with a major sports team. The sales pipeline now exceeds $20 million, with over 400 clients and new data centers in Texas and Canada.