Qualstar Stock Price, News & Analysis

Qualstar Corporation (OTC: QBAK), a data storage and power solutions provider, reported mixed Q2 2025 results. Despite a 40% year-over-year revenue decline to $1.43 million due to lost power-supply customer business, the company achieved significant profitability improvements.

Key highlights include gross margin expansion to 34% from 22% in Q2 2024, net income of $204,000 ($0.14 per share) compared to prior year loss of $327,000, and a strong cash position of $2.2 million with zero debt. The company is actively pursuing acquisitions and strategic alliances to expand its data management capabilities and drive recurring revenue through complementary software offerings.

Qualstar Corporation (QBAK) reported its Q1 2025 financial results, delivering earnings of $0.13 per share compared to a loss of $0.07 in Q1 2024. Revenue decreased by 27.5% to $1.66 million from $2.29 million in the prior year, primarily due to lower shipments of power supplies products following the loss of a major customer in 2024. Despite lower revenue, the company improved its gross margin to 36.7% from 30.6% year-over-year. Net income reached $183,000, compared to a loss of $100,000 in Q1 2024. Adjusted EBITDA was positive at $62,000, up from negative $144,000 in the previous year. The company maintains a strong cash position of $2.3 million and continues to pursue acquisitions in data management software and hardware systems.

Qualstar (QBAK) has released its Q4 and full-year 2024 financial results, reporting mixed performance across its business segments. The company experienced a significant revenue decline of 40% in Q4 2024 and 24% for the full year compared to 2023, primarily due to reduced power supplies shipments and lower data storage product deliveries.

The data storage segment maintained profitability for the 8th consecutive year, generating pre-tax income of $49,000 in Q4 and $127,000 for the full year 2024. However, the power supplies segment reported losses of $56,000 in Q4 and $595,000 for the year. Gross margin slightly declined to 34% in Q4 2024 from 36% in Q4 2023.

The company ended 2024 with $2.4 million in cash and has extended its stock repurchase program through December 31, 2026 for up to 100,000 additional shares, following the repurchase of 471,161 shares during 2021-2024.

Qualstar (QBAK) reported its Q3 2024 financial results, showing significant revenue declines. Revenue decreased 57% to $1.36 million for Q3 2024 compared to Q3 2023, and fell 17% to $6.01 million for the nine months ended September 30, 2024. Despite revenue challenges, gross margin improved to 41% in Q3 2024 from 31% in Q3 2023. The company reported a net loss of $34,000 in Q3 2024 compared to a net income of $161,000 in Q3 2023. The decline in revenues was primarily attributed to lower shipments of power supplies products and the loss of a major customer. The company ended the quarter with $2.2 million in cash.

Qualstar (OTC: QBAK) reported its Q2 2024 financial results, highlighting a 26% increase in revenue to $2.37 million compared to Q2 2023. The company achieved positive Adjusted EBITDA of $38,000 for the quarter, an improvement from ($197,000) in the same period last year. However, Qualstar reported a net loss of $327,000 or $0.23 per share. For the first half of 2024, revenue increased by 14.3% to $4.65 million.

The company's power supplies business saw growth, offset by lower revenues from the data storage segment. Qualstar warned of an expected significant revenue reduction in its power supplies business for the remainder of 2024 due to the completion of existing orders from a legacy customer. The company has implemented cost reductions to target breakeven operations. Qualstar ended the quarter with $2.4 million in cash and cash equivalents and continues to pursue acquisitions in the data management software and hardware systems spaces.

Qualstar (OTC Markets: QBAK) has announced a strategic update, highlighting its plans to pursue acquisitions in the data management software and hardware systems sectors. The company, known for its scalable automated magnetic tape libraries and high-efficiency power supplies through its N2Power subsidiary, aims to capitalize on the burgeoning data storage market, projected to grow from $57 billion in 2022 to $150 billion by 2032. With a strong financial footing, no debt, and consistent profitability, Qualstar plans to expand its product offerings, targeting the increasing demands of the global datasphere. The company has a rich history since its founding in 1984 and serves a diverse range of industries.

Qualstar Corporation (QBAK) announced a reverse stock split of 1-for-1,000 shares on September 26, 2022, followed by a forward stock split of 1,000-for-1 on the same day. This Reverse/Forward Split aims to adjust the company's stock structure without affecting shareholder equity percentages. A 'D' will be added to the ticker for 20 business days post-split. Fractional shares will be converted to a cash payment of $2.25 each, while holders of 1,000 shares or more will maintain their share count. The changes were approved by the Board and shareholders on June 27, 2022.