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Qualstar Corporation - QBAK STOCK NEWS

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

Founded in 1984, Qualstar Corp is a diversified electronics manufacturer specializing in data storage and power supplies. They are known for their high-quality data storage systems under the Qualstar™ brand and high-efficiency power supplies under the n2power™ brand. Their products are reliable and widely used around the world.

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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.

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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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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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FAQ

When was Qualstar Corp founded?

Qualstar Corp was founded in 1984.

What does Qualstar Corp specialize in?

Qualstar Corp specializes in data storage systems and high-efficiency power supplies.

What are the brands under which Qualstar Corp markets its products?

Qualstar Corp markets its data storage systems under the Qualstar™ brand and power supplies under the n2power™ brand.

Where can I find more information about Qualstar Corp products?

You can find more information about Qualstar Corp products on their website at www.qualstar.com.

What are the core values of Qualstar Corp products?

Qualstar Corp products are known for their high quality, reliability, and simply reliable™ designs.

How can I contact Qualstar Corp for inquiries?

You can contact Qualstar Corp by phone at 805-583-7744 or via email at IR@Qualstar.com.

Qualstar Corporation

OTC:QBAK

QBAK Rankings

QBAK Stock Data

8.68M
0.16%
Blank Magnetic and Optical Recording Media Manufacturing
Manufacturing
Link
United States of America
Irvine