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QUALSTAR CORP - $QBAK STOCK NEWS

Welcome to our dedicated page for QUALSTAR news (Ticker: $QBAK), a resource for investors and traders seeking the latest updates and insights on QUALSTAR stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect QUALSTAR's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of QUALSTAR's position in the market.

Rhea-AI Summary
Qualstar Corporation (QBAK) reported a 247% increase in net income year over year, with revenues up by 20.5% in the fourth quarter of 2023. The company also saw a 31.3% rise in earnings per share and a 9.5% compound annual growth rate in revenue since 2020. Qualstar has no debt and a net book value of $3.46 per common share, with plans to list its common stock on a securities exchange.
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7.87%
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Rhea-AI Summary
Qualstar Corporation (QBAK) appoints Albert Saraie as Strategic Advisor to focus on international sales expansion. With over 20 years of experience in the data storage industry, Saraie has a successful track record of establishing partnerships and driving multi-year sales growth. His expertise in developing channel sales and reseller partnerships is expected to accelerate Qualstar's revenue growth internationally.
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9.76%
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Rhea-AI Summary
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QUALSTAR CORP

OTC:QBAK

QBAK Rankings

QBAK Stock Data

13.61M
0.16%
Blank Magnetic and Optical Recording Media Manufacturing
Manufacturing
Link
United States of America
Camarillo

About QBAK

qualstar, founded in 1984, is a diversified electronics manufacturer specializing in data storage and power supplies. qualstar is a leading provider of high efficiency and high density power supplies marketed under the n2power™ brand, and of data storage systems marketed under the qualstar™ brand. our qualstar data storage products are used to provide highly scalable and reliable solutions to store and retrieve very large quantities of electronic data. qualstar’s products are known throughout the world for high quality and simply reliable™ designs that provide years of trouble-free service. is available at www.qualstar.com or by phone at 805-583-7744.