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Quantum Corporation - $QMCO STOCK NEWS

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

Quantum Corporation (QMCO) is a leading provider of innovative data storage and management solutions. Headquartered in the United States, Quantum specializes in scale-out storage, archive, and data protection services aimed at small businesses and large multinational enterprises alike. The company offers a unique approach to managing data throughout its entire lifecycle, from capture and sharing to long-term preservation.

Quantum's solutions are designed to handle large unstructured data sets and provide capabilities such as data ingestion, real-time collaboration, scalability, and robust protection. A significant portion of the company's revenue is derived from products based on tape technology, which remains a reliable and cost-effective medium for data storage.

One of the core strengths of Quantum is its scale-out portfolio, which allows businesses to manage digital assets efficiently and maximize their value. The company serves a global market, with the majority of its revenue generated in the Americas, followed by significant contributions from Europe and the Asia-Pacific region.

In recent developments, Quantum has made strides in enhancing its product offerings and expanding its market reach. The company has formed strategic partnerships and continues to innovate in the data management sector. Quantum's commitment to providing high-quality, reliable storage solutions has solidified its position as a trusted partner for businesses looking to protect and manage their data assets.

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Quantum Corporation (NASDAQ: QMCO) received a notice from Nasdaq stating non-compliance with the filing of its Quarterly Report on Form 10-Q due to a re-evaluation of its application of standalone selling price under Accounting Standards Codification Topic 606. The company plans to file a compliance plan by January 16, 2024, and if accepted, an extension of up to 180 calendar days will be granted. The Notice has no immediate impact on the listing of the Company's common stock.
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Quantum Corporation (NASDAQ: QMCO) has announced the postponement of its fiscal 2024 second quarter earnings release and conference call due to the delayed filing of its Quarterly Report on Form 10-Q. The delay is a result of the company re-evaluating its application of Standalone Selling Price as part of Accounting Standards Codification (ASC) Topic 606. Quantum has not set a completion date for the re-evaluation but is working to finish it as soon as possible. Additionally, the company has provided unaudited cash and long-term debt balances as of September 30, 2023.
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Quantum Corporation announces new bundled offerings for organization-wide data protection based on Quantum DXi-Series Backup Appliances
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Quantum Corporation announces new pre-configured bundles for Quantum ActiveScale Cold Storage, reducing cold storage costs by up to 60%. ActiveScale enables organizations to control costs and ensure fast, easy access to data. Bundles available in four standard capacity sizes ranging from 10 to 100 petabytes.
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Quantum Corporation (NASDAQ: QMCO) to participate in Northland Institutional Investor Conference on September 19, 2023.
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Quantum Corporation (NASDAQ: QMCO) CEO and CFO will attend the Lake Street BIG7 Best Ideas Growth Conference on September 14, 2023.
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Quantum Corporation announces new capabilities in its data platform, providing customers with choice in data placement and enhancing agility, reducing business risks, and lowering costs.
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Quantum Corporation (Nasdaq: QMCO) reported a 5% decrease in revenue for its fiscal first quarter ended June 30, 2023. However, non-GAAP gross margin expanded to 38.3%, and subscription ARR increased by 78% year-over-year to $14.6 million. The company's GAAP net loss was $10.6 million, while non-GAAP adjusted net loss was $4.8 million. Adjusted EBITDA improved to $0.8 million. The largest hyperscale customer paused orders, impacting the second quarter and full-year outlook. Quantum plans to transition to a more stable, subscription-based business model.
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Quantum Corporation announced that its Chairman and CEO, Jamie Lerner, and CFO, Kenneth Gianella, will be participating at the Oppenheimer Technology, Internet & Communications Conference on August 9, 2023. They will host a fireside chat at 4:35 p.m. ET and will be available throughout the day to meet with investors.
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FAQ

What does Quantum Corporation do?

Quantum Corporation specializes in scale-out storage, archive, and data protection solutions for both small businesses and large multinational enterprises.

Where is Quantum Corporation headquartered?

Quantum Corporation is headquartered in the United States.

What is the primary technology behind Quantum's products?

Quantum's primary technology is based on tape, which provides a reliable and cost-effective medium for data storage.

Who are Quantum Corporation's main customers?

Quantum serves a diverse range of customers, including small businesses and large multinational enterprises.

What geographic regions generate the most revenue for Quantum?

The majority of Quantum's revenue is generated in the Americas, with additional revenue coming from Europe and the Asia-Pacific region.

What recent achievements has Quantum Corporation made?

Quantum has made significant advancements in enhancing its product offerings, expanding its market reach, and forming strategic partnerships.

What are the core strengths of Quantum's solutions?

Quantum's solutions excel in managing large unstructured data sets, providing real-time collaboration, scalability, data ingestion, and robust protection.

How does Quantum's scale-out storage benefit businesses?

Quantum's scale-out storage allows businesses to efficiently manage their digital assets and maximize their value over the entire data lifecycle.

What makes Quantum's data protection solutions unique?

Quantum offers a unique approach to data protection that ensures data is safeguarded from capture to long-term preservation.

What type of data does Quantum help manage?

Quantum helps manage large sets of unstructured data, providing solutions for its capture, sharing, management, and long-term preservation.

Quantum Corporation

Nasdaq:QMCO

QMCO Rankings

QMCO Stock Data

42.46M
83.59M
14.14%
52.69%
0.23%
Computer Storage Device Manufacturing
Manufacturing
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United States of America
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