Qualstar Corporation Reports Third Quarter 2025 Results
Qualstar (OTC: QBAK) reported third quarter 2025 results on Nov 12, 2025, showing accelerating tape-storage demand and balance-sheet strength. Q3 revenue rose 49% year-over-year to $2.02M, and gross profit increased 25% to $692K. Net income was $219K (EPS $0.15), reversing a prior-year loss, and Adjusted EBITDA improved to $69K. The company ended Q3 with $2.3M cash and no debt. Year-to-date revenue declined 15% to $5.11M, reflecting lower power-supply shipments, while nine-month gross margin improved to 34.9% from 29.5%. Management highlighted partnerships, software expansion, targeted M&A, and plans to uplist to a major U.S. exchange.
Qualstar (OTC: QBAK) ha riportato i risultati del terzo trimestre 2025 il 12 novembre 2025, mostrando una domanda accelerata di memorie a nastro e solidità del bilancio. Il fatturato del Q3 è salito del 49% su base annua a $2,02M, e il utile lordo è aumentato del 25% a $692K. L'utile netto è stato $219K (EPS 0,15 $), invertendo una perdita dell'anno precedente, e l'EBITDA rettificato è migliorato a $69K. L'azienda ha chiuso il Q3 con $2,3M di liquidità e nessun debito. L'utile registrato da inizio anno è diminuito del 15% a $5,11M, riflettendo spedizioni di alimentatori inferiori, mentre il margine lordo dei nove mesi è migliorato al 34,9% dal 29,5%. La direzione ha evidenziato partnership, espansione software, operazioni mirate di M&A e piani per l'up-listing su una principale borsa statunitense.
Qualstar (OTC: QBAK) informó los resultados del tercer trimestre de 2025 el 12 de noviembre de 2025, mostrando una demanda acelerada de almacenamiento en cinta y solidez del balance. Los ingresos del 3T subieron un 49% interanual a $2.02M, y el beneficio bruto aumentó un 25% a $692K. El ingreso neto fue de $219K (EPS $0.15), invirtiendo una pérdida del año anterior, y el EBITDA ajustado mejoró a $69K. La empresa terminó el 3T con $2.3M en efectivo y sin deuda. Los ingresos acumulados del año caen un 15% hasta $5.11M, reflejando menores envíos de fuentes de alimentación, mientras el margen bruto de los nueve meses se situó en 34.9% desde 29.5%. La dirección destacó alianzas, expansión de software, fusiones y adquisiciones dirigidas y planes para cotizar en una gran bolsa de EE. UU.
Qualstar (OTC: QBAK) 2025년 3분기 실적을 2025년 11월 12일 발표했고, 테이프 저장 수요의 가속과 재무 건전성을 보여주었다. 3분기 매출은 전년 대비 49% 증가한 $2.02M, 총이익은 25% 상승한 $692K이고, 순이익은 $219K (EPS 0.15$)으로 전년의 손실을 뒤집었으며, 조정 EBITDA는 $69K로 개선되었다. 회사는 3분기 말에 $2.3M 현금과 부채 없음으로 마감했다. 연간 누적 매출은 15% 감소한 $5.11M이며, 파워 서플라이 선적이 감소한 반면 9개월 누적 총마진은 29.5%에서 34.9%로 개선되었다. 경영진은 파트너십, 소프트웨어 확장, 목표 M&A, 그리고 미국 주요 상장 거래소에 상장하려는 계획을 강조했다.
Qualstar (OTC: QBAK) a publié les résultats du troisième trimestre 2025 le 12 novembre 2025, montrant une demande croissante pour les solutions de stockage sur bande et une solidité du bilan. Le chiffre d'affaires du T3 a augmenté de 49% sur un an pour atteindre $2,02M, et le bénéfice brut a progressé de 25% pour atteindre $692K. Le résultat net a été $219K (EPS 0,15 $), inversant une perte de l’exercice précédent, et l'EBITDA ajusté s'est amélioré à $69K. L'entreprise a terminé le T3 avec $2,3M de trésorerie et aucune dette. Le chiffre d'affaires cumulé de l’année est en baisse de 15% à $5,11M, ce qui reflète des expéditions d’alimentations électriques plus faibles, tandis que la marge brute sur neuf mois s’est améliorée à 34,9% contre 29,5%. La direction a souligné les partenariats, l’expansion logicielle, les acquisitions ciblées et les plans d’introduction en bourse sur une grande bourse américaine.
Qualstar (OTC: QBAK) meldete am 12. November 2025 die Ergebnisse des dritten Quartals 2025 und zeigte eine beschleunigte Nachfrage nach Tape-Speicherlösungen sowie eine robuste Bilanz. Der Q3-Umsatz stieg im Jahresvergleich um 49% auf $2.02M, und der Bruttogewinn erhöhte sich um 25% auf $692K. Das Nettoeinkommen betrug $219K (EPS 0,15 $), wodurch ein Verlust des Vorjahres umgekehrt wurde, und das bereinigte EBITDA verbesserte sich auf $69K. Das Unternehmen beendete das Q3 mit $2.3M Bargeld und keine Schulden. Der Umsatz im Jahr bis dato ist um 15% auf $5.11M gesunken, während die Bruttomarge der neun Monate von 29,5% auf 34,9% gestiegen ist. Das Management hob Partnerschaften, Softwareausbau, gezielte M&A und Pläne zur Notierung an einer großen US-Börse hervor.
Qualstar (OTC: QBAK) أعلن عن نتائج الربع الثالث من عام 2025 في 12 نوفمبر 2025، مع عرض طلب متزايد على تخزين الشريط وقوة الميزانية. إيرادات الربع الثالث ارتفعت بنسبة 49% على أساس سنوي إلى $2.02M، والربح الإجمالي زاد بنسبة 25% ليصل إلى $692K. صافي الدخل كان $219K (EPS 0.15$)، عاكسا خسارة العام السابق، وتحسن EBITDA المعدلة إلى $69K. أنهت الشركة الربع الثالث بـ $2.3M من النقد و بلا ديون. الإيرادات حتى تاريخه خلال السنة انخفضت بنسبة 15% لتصل إلى $5.11M، في حين تحسن هوامش الربح الإجمالي خلال التسعة أشهر إلى 34.9% من 29.5%. أشارت الإدارة إلى الشراكات، وتوسع البرمجيات، وصفقات الدمج والاستحواذ المستهدفة، وخطط للإدراج في بورصة رئيسية في الولايات المتحدة.
- Revenue +49% year-over-year to $2.02M in Q3 2025
- Gross profit +25% to $692K in Q3 2025
- Net income $219K (EPS $0.15) in Q3 2025
- Adjusted EBITDA improved to $69K in Q3 2025
- Ended Q3 with $2.3M cash and no debt
- Nine-month revenue down 15% to $5.11M through Sep 30, 2025
- Q3 gross margin declined from 40.6% to 34.3% year-over-year
Quarterly Revenue Up
Positioned to Capitalize on Tape Storage Resurgence and Data Growth Megatrend
Debt-Free, Profitable, and Uplisting-Ready with Expanding Strategic Opportunities
CAMARILLO, Calif., Nov. 12, 2025 (GLOBE NEWSWIRE) -- Qualstar Corporation (OTC: QBAK), a trusted provider of scalable data storage and high-efficiency power solutions, today reported financial results for the third quarter ended September 30, 2025.
The third quarter of 2025 reflected strong execution and accelerating demand for Qualstar’s tape-storage systems. With no debt, consistent profitability, and growing visibility across global customers and partners, Qualstar is well-positioned to scale both organically and through strategic initiatives as the data-storage industry enters a new era of growth.
Third Quarter 2025 Financial Highlights
- Revenue increased
49% to$2.0 million , driven by higher sales of automated tape-library systems. - Gross profit up
25% to$692,000 , reflecting a balanced product mix and disciplined cost control. - Net income improved to
$219,000 , or$0.15 per share, compared to a net loss in Q3 2024. - Adjusted EBITDA was
$69,000 , versus a loss of$(52,000) in Q3 2024.
Management Commentary
“The third quarter demonstrated the strength of our core business and the powerful tailwinds reshaping the data-storage industry,” said Steven N. Bronson, Chairman, President, and CEO of Qualstar. “As global data creation accelerates, organizations are rediscovering the essential role of tape as the most secure, cost-efficient, and sustainable solution for long-term data preservation.
“We’re capturing this momentum through a growing base of customers across media, government, and enterprise markets that value our reliability, speed of delivery, and technical expertise. With a debt-free balance sheet, consistent profitability, and disciplined execution, Qualstar is well-positioned to advance its uplisting initiatives, broaden software and distribution partnerships, and pursue strategic acquisitions that enhance scale and reach.
“The long-term opportunity ahead is significant, and we remain focused on building a modern, profitable data-storage platform that creates lasting value for both customers and shareholders.”
Consolidated Financial Results (Unaudited)
(Amounts in thousands except per share data and percentages)
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||||||||||
| 2025 | 2024 | $ ∆ | % ∆ | 2025 | 2024 | $ ∆ | % ∆ | ||||||||||||||||||||||||
| Revenues | $ | 2,018 | $ | 1,358 | $ | 660 | 48.6 | % | $ | 5,107 | $ | 6,011 | $ | (904 | ) | (15.0 | ) | % | |||||||||||||
| Gross profit | $ | 692 | $ | 552 | $ | 140 | 25.4 | % | $ | 1,783 | $ | 1,775 | $ | 8 | 0.5 | % | |||||||||||||||
| Gross margin | 34.3 | % | 40.6 | % | 34.9 | % | 29.5 | % | |||||||||||||||||||||||
| Income (loss) from operations | $ | 39 | $ | (44 | ) | $ | 179 | $ | (532 | ) | |||||||||||||||||||||
| Net income (loss) | $ | 219 | $ | (34 | ) | $ | 606 | $ | (461 | ) | |||||||||||||||||||||
| Earnings (loss) per share | $ | 0.15 | $ | (0.02 | ) | $ | 0.43 | $ | (0.32 | ) | |||||||||||||||||||||
| Adjusted EBITDA | $ | 69 | $ | (52 | ) | $ | 124 | $ | (158 | ) | |||||||||||||||||||||
Revenue increased
Gross margin was
Net income for the three- and nine-month periods included gains on marketable securities of
Adjusted EBITDA improved to
The Company ended the quarter with
Industry Backdrop: Tape’s Resurgence Amid Explosive Data Growth
According to Fortune Business Insights, the global data-storage market is projected to grow from
Tape has re-emerged as the optimal medium for long-term data management due to its air-gapped security, decades-long reliability, and lowest total cost of ownership among available storage technologies.
As enterprises face escalating cloud-retrieval costs, mounting cybersecurity risks, and tightening sustainability mandates, Qualstar’s tape-based systems provide a proven, eco-efficient, and cost-effective foundation for meeting today’s and tomorrow’s data-storage requirements.
Business Outlook
Qualstar continues to execute on its strategy to position the Company for scalable growth. Key priorities include:
- Strategic partnerships, including its recently announced CMS Distribution collaboration;
- Expansion into enterprise-scale tape systems and integrated software offerings guided by new CTO Jeff Sengpiehl;
- Targeted M&A to broaden product breadth and recurring-revenue streams; and
- Uplisting to a major U.S. exchange to enhance institutional visibility and access to capital.
Qualstar makes available its annual financial statements, quarterly financial statements, and other significant reports and amendments to such reports, free of charge, on its website as soon as reasonably practicable after such reports are prepared. Please visit www.qualstar.com to view the Company’s financial results in more detail.
About Qualstar Corporation
Qualstar Corporation, founded in 1984, manufactures and markets data storage system products and compact, high-efficiency power solutions.
Our data storage systems are marketed under the Qualstar™ brand and include highly scalable automated magnetic tape libraries used to store, retrieve and manage electronic data primarily in the network computing environment. Our products, sold through resellers, system integrators and OEMs, range from entry-level to enterprise and are a cost-effective solution for organizations requiring backup, recovery and archival storage of critical electronic information.
The Company’s power solutions, marketed under the N2Power™ brand, include standard, semi-custom and custom versions and provide OEM designers with increased functionality while reducing thermal loads and cooling requirements and lowering operating costs. These products are sold to OEMs in a wide range of markets, including telecom/networking equipment, audio/visual, industrial, gaming and medical.
More information is available at www.qualstar.com and www.n2power.com or by phone at 805-583-7744.
Non-GAAP Financial Measure
To supplement our condensed consolidated financial statements, which are prepared and presented in accordance with United States generally accepted accounting principles (“GAAP”), we use the following non-GAAP financial measure: Adjusted EBITDA. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.
We define Adjusted EBITDA for a particular period as net income (loss) before interest, taxes, depreciation and amortization, and as further adjusted for non-routine expenses that may not be indicative of our core business operating results such as severance compensation, provisions (recoveries) for inventory net realizable value, gains/losses on marketable securities, gains/losses on foreign currency transactions, and non-cash expenses such as stock-based compensation expense.
We use this non-GAAP financial measure for financial and operational decision-making and as a means to evaluate period-to-period comparisons. We believe that this non-GAAP financial measure provides meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our core business operating results. We believe that both management and investors benefit from referring to this non-GAAP financial measure in assessing our performance and when planning, forecasting, and analyzing future periods. This non-GAAP financial measure also facilitates management’s internal comparisons to our historical performance and liquidity as well as comparisons to our competitors’ operating results. We believe this non-GAAP financial measure is useful to investors both because (1) is allows for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) it is used by our investors to help them analyze the health of our business.
There are a number of limitations related to the use of non-GAAP financial measures. We compensate for these limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP financial measures and evaluating these non-GAAP financial measures together with their relevant financial measures in accordance with GAAP.
The following table reconciles Net Income (Loss) to Adjusted EBITDA for the three and nine months ended September 30, 2025 and 2024:
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| (in thousands) | ||||||||||||||||
| Net income (loss) | $ | 219 | $ | (34 | ) | $ | 606 | $ | (461 | ) | ||||||
| Adjustments to arrive at earnings before interest, taxes, depreciation, and amortization (EBITDA): | ||||||||||||||||
| Interest income | (21 | ) | (24 | ) | (97 | ) | (59 | ) | ||||||||
| Depreciation and amortization expense | 1 | 5 | 5 | 24 | ||||||||||||
| EBITDA | 199 | (53 | ) | 514 | (496 | ) | ||||||||||
| Adjustments to arrive at Adjusted EBITDA: | ||||||||||||||||
| Employee Retention Credits | — | — | (239 | ) | — | |||||||||||
| Provisions for inventory net realizable value | (22 | ) | (65 | ) | 35 | 164 | ||||||||||
| Severance compensation | — | — | — | 57 | ||||||||||||
| (Gains) losses on marketable securities, net | (158 | ) | 33 | (303 | ) | (7 | ) | |||||||||
| (Gains) losses on foreign currency transactions, net | (1 | ) | (19 | ) | (27 | ) | (5 | ) | ||||||||
| Stock-based compensation expense | 51 | 52 | 144 | 129 | ||||||||||||
| Adjusted EBITDA | $ | 69 | $ | (52 | ) | $ | 124 | $ | (158 | ) | ||||||
Contact Information:
Steven N. Bronson
Chief Executive Officer
Qualstar Corporation
805-617-4419
IR@Qualstar.com
FAQ
What were Qualstar (QBAK) Q3 2025 revenues and year-over-year change?
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