Welcome to our dedicated page for FalconStor Software news (Ticker: FALC), a resource for investors and traders seeking the latest updates and insights on FalconStor Software stock.
FalconStor Software, Inc. (FALC) delivers enterprise-class software-defined storage solutions that enable data center modernization across global markets. This page serves as the definitive source for official company announcements, providing stakeholders with timely updates on strategic developments.
Access curated press releases covering product innovations, partnership agreements, and corporate milestones. Investors will find essential updates on operational achievements, while IT professionals can track advancements in hardware-agnostic storage platforms and converged data services.
Key content includes announcements about enterprise storage solutions, OEM collaborations, and global service expansions. All materials are sourced directly from FalconStor to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to critical updates about FalconStor's mission to simplify complex storage environments through open-architecture solutions. Regularly updated content helps users stay informed about the company's progress in reducing vendor lock-in and optimizing data management strategies.
FalconStor Software (OTC: FALC) reported its Q4 and full year 2024 results, highlighting a significant transformation towards recurring revenue business. The company achieved a 91% year-over-year increase in hybrid cloud ARR run-rate, with recurring sources now accounting for 80% of total revenue.
Key financial metrics for FY2024 include:
- Total revenue: $10.4M (down from $11.6M in 2023)
- EBITDA margin: 12%
- Net income margin: 7%
- Total operating expenses: $7.9M
Q4 2024 results show revenue of $2.8M (vs $3.7M in Q4 2023) and ending cash of $2.5M. The company plans to increase strategic investment in new IBM watsonx-based AI solutions in 2025, leveraging partnerships with IBM, Kyndryl/Skytap, and Converge/Google Cloud.
FalconStor Software (FALC) reported its Q3 2024 financial results, showing significant growth over trailing twelve months (TTM). The company achieved a 99% increase in Hybrid Cloud ARR run-rate, 7% revenue growth to $11.2 million, and improved net income by $1.6 million. Cash position strengthened to $2.8 million, up $1.0 million from Q3 2023. Total operating expenses decreased to $7.8 million TTM from $8.7 million in the previous year. The company's partnership with IBM continues to strengthen, with joint demonstrations of Hybrid Cloud and AI-driven data protection solutions at IBM's TechXchange 2024 conference.
FalconStor Software (FALC) announced its Q2 2024 financial results, highlighting continued growth in hybrid cloud ARR run-rate. Key points include:
- Total revenue remained flat at $2.4 million compared to Q2 2023
- 112% increase in total hybrid cloud ARR run-rate year-over-year
- $0.4 million increase in Net Income compared to Q2 2023
- Ending cash of $2.5 million, up from $1.3 million in Q2 2023
- Non-GAAP EBITDA of $0.11 million, improved from $(0.05) million in Q2 2023
- GAAP Net Loss of $(0.03) million, reduced from $(0.46) million in Q2 2023
The company emphasized its focus on operating efficiency and alignment with hybrid cloud solutions adoption. FalconStor also completed certification of StorSafe and StorGuard integration with IBM Storage Ceph, expanding into AI data lake solutions.
FalconStor Software has announced the certification of its StorSafe and StorGuard solutions with IBM Storage Ceph, enhancing data access, migration, and availability for IBM watsonx customers. This strategic move aims to accelerate the 'Journey to AI' by providing comprehensive data and backup optimization, virtualization, and protection across on-premises, hybrid, and multi-cloud deployments.
Key highlights include:
- StorSafe is now IBM-certified for Storage Ceph, offering advanced compression and block-level deduplication for optimized backup and recovery
- StorGuard certification brings Fibre Channel and iSCSI support, data mobility, and enhanced protection to Storage Ceph
- These integrations enable enterprises to effectively manage massive data stores for AI-driven insights and innovation
FalconStor Software, Inc. (FALC) announced its first quarter 2024 financial results, showcasing a 1% increase in total revenue, a 127% rise in total hybrid cloud ARR run-rate, and a $0.3 million increase in net income. The company focused on expanding its data protection technology across the IBM global ecosystem, driving growth in revenue and annual recurring revenue. Despite missing profitability targets, FalconStor saw improvement in GAAP net income compared to the previous year.
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