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Data Storage Corporation reports corporate updates for a Nasdaq-listed technology services issuer whose continuing operating base is Nexxis Inc. Nexxis provides Voice over Internet Protocol, Unified Communications and dedicated internet connectivity as part of the company’s service offering.
Recurring developments include fiscal results, business update calls, governance and executive compensation actions, capital allocation, warrant-related matters, tender-offer activity, and the completed divestiture of the CloudFirst cloud solutions business. Company updates also describe its strategy around recurring-revenue technology services, including areas such as GPU infrastructure, AI-enabled software, cybersecurity and voice/data telecommunications.
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.
Data Storage Corporation (Nasdaq: DTST) announced a conference call scheduled for March 31, 2022, at 10:00 am ET to review its financial results for the fiscal year 2021, which ended December 31, 2021. The call will discuss the company's corporate progress and developments. It will be accessible via telephone and webcast, with replay options available through April 14, 2022. Data Storage Corporation offers diverse business continuity solutions, including disaster recovery and data analytics, targeting various sectors such as government and healthcare.
Data Storage Corporation (Nasdaq: DTST) has announced its participation in the 2022 Virtual Growth Conference hosted by Maxim Group LLC from March 28th to 30th, running daily from 9:00 a.m. to 5:00 p.m. EDT. The conference will include various presentations and discussions, featuring a corporate update from CEO Chuck Piluso. Interested participants must sign up as M-Vest members to attend. Data Storage Corp specializes in business continuity, disaster recovery, cyber-security, and data analytics across a variety of sectors in the USA and Canada.
Data Storage Corporation (Nasdaq: DTST) issued recommendations to mitigate cyber security risks and enhance recovery strategies from cyber attacks. The press release emphasizes the importance of offsite, encrypted data backups for quick restoration of critical systems, highlighting six key steps: regular data backup, technology updates, limited data access, email scanning, employee training, and vulnerability assessments. CEO Chuck Piluso stressed that robust digital infrastructure is essential to prevent disruptions from increasingly sophisticated cyber threats.
MELVILLE, N.Y., Feb. 04, 2022 (GLOBE NEWSWIRE) -- Data Storage Corporation (DTST) has been invited to present at The MicroCap Rodeo’s 2nd Annual Winter Wonderland Best Ideas Conference, scheduled virtually from February 8-11, 2022. CEO Chuck Piluso and CFO Chris Panagiotakos will present on February 9 at 1:00 PM ET. The presentation can be accessed via a webcast link. Additionally, the management team will engage in one-on-one meetings with registered investors. The conference features 25-minute presentations and one-on-ones for qualified investors.
Data Storage Corporation (Nasdaq: DTST) reported significant progress in 2021, highlighting key achievements such as commencing trading on the Nasdaq and completing a merger with Flagship Solutions. The company expanded its service offerings, particularly in IBM solutions and managed services, and increased its workforce by over 100%. DSC reported a 57% growth in subscription and recurring revenue along with a 94% renewal rate on contracts. The year ended with a $17 million total contract value in sales proposals and a multi-million dollar agreement with a major sports team, positioning DSC for future growth in 2022.
Data Storage Corporation (Nasdaq: DTST) recently announced a multi-million dollar contract with a top U.S. professional sports team. The deal involves providing a modernized storage infrastructure to enhance data security and mitigate cyber threats. Leveraging IBM technologies, the project aims to improve on-premise storage and cloud backup services. CEO Chuck Piluso noted the contract reflects the company's market traction and strategic focus on industries like sports, finance, and healthcare. The firm is optimistic about its robust proposal pipeline as it enters 2022.
MELVILLE, N.Y., Nov. 23, 2021 - Data Storage Corporation (Nasdaq: DTST) announced that Chairman and CEO Chuck Piluso will participate in the Benzinga All Access event on December 2, 2021, at 10:00 AM ET. The event will be broadcast live and can be viewed here. An archived presentation will be available on the Company’s investor relations page. Data Storage Corporation specializes in business continuity, disaster recovery, and cyber-security solutions.
Data Storage Corporation (Nasdaq: DTST) announced a 42% increase in revenue for Q3 2021, totaling $3.86 million, compared to $2.72 million in the same period last year. This growth is attributed to sales from the Flagship merger and enhanced subscription services. The company reported net income of $0.14 million or $0.02 per share. However, selling, general and administrative expenses rose to $2.02 million, up from $1.02 million. DSC continues to invest in organic growth, aiming for a strong outlook in 2022 with a 94% contract renewal rate.