Quantum (QMCO) Stock News

Quantum Corporation (Nasdaq: QMCO) has launched two groundbreaking all-flash data protection appliances: the DXi T-10-240 and DXi T-10-480. These systems represent the industry's first 1U deduplication appliances offering up to 480 TB of raw NVMe capacity.

The new models feature high-speed NVMe flash technology and Quantum's inline deduplication, achieving data reduction ratios of up to 70:1. They include flexible pay-as-you-grow licensing, allowing capacity expansion in 15 TB or 30 TB increments. The appliances integrate with Quantum's broader data protection portfolio, including DXi 9200 hybrid systems, ActiveScale object storage, and Scalar tape libraries.

The DXi T-Series has received recognition through the 2025 GOVIES Government Security Award and a Gold Globee Technology Award for Data Protection.

Quantum Corporation (Nasdaq: QMCO) has announced a delay in filing its Form 10-K Annual Report for the fiscal year ended March 31, 2025. The company has filed a Notification of Late Filing on Form 12b-25 and consequently postponed both its fiscal 2025 financial results release and the business update conference call originally scheduled for July 3, 2025.

The delay is attributed to an ongoing review of the company's accounting practices, specifically focusing on certain revenue contracts and the application of standalone selling price under applicable accounting standards. Quantum states it is working to complete all remaining procedures and will announce a new conference call date along with filing its Annual Report as soon as possible.

Quantum Corporation (NASDAQ: QMCO) has scheduled the release of its fiscal fourth quarter and full year 2025 financial results for Monday, June 30, 2025, after market close. The company will hold a Business Update conference call on Thursday, July 3, 2025, at 8:30 a.m. ET, led by newly appointed CEO Hugues Meyrath and CFO Lewis Moorehead. The conference call will be accessible via phone (US: 1-866-424-3436, International: +1-201-689-8058) and webcast. A replay will be available until July 10, 2025, through phone access and for at least 90 days via the company's website.

Quantum Corporation (QMCO) announced significant leadership changes and provided updates on its capital structure transformation. Hugues Meyrath, a storage industry veteran with over 30 years of experience, has been appointed as the new CEO effective June 2, 2025, replacing Jamie Lerner who served since July 2018. Donald J. Jaworski, previously Lead Independent Director, has been named Chairman of the Board, separating the CEO and Board Chair roles to strengthen corporate governance. Chief Administrative Officer Brian E. Cabrera is also departing. The company has raised approximately $60 million through its standby equity purchase agreement and is working with lenders to restructure outstanding debt. Quantum maintains its previously announced preliminary financial results for Q4 FY2025.

Quantum Corporation (NASDAQ: QMCO) has announced support for LTO-10 tape drives in its Scalar tape libraries, offering unprecedented storage capacity of 30 TB per cartridge (up to 75 TB compressed). The integration includes Scalar i7 RAPTOR, Scalar i6, and Scalar i6000 systems. The new Scalar i7 RAPTOR delivers industry-leading storage density of up to 60 PB in a single rack, providing 70% lower operational costs through reduced floor space, power, and cooling requirements. The LTO-10 drives feature 32 Gb Fibre Channel and 12 Gb SAS interfaces, delivering speeds up to 400 MB/s per drive. This advancement strengthens Quantum's position in providing high-density, secure, and cost-effective archival storage solutions, particularly beneficial for AI, compliance, and long-term data growth applications.

Quantum Corporation (NASDAQ: QMCO) has unveiled a restructured Professional Services portfolio to provide enhanced flexibility and support across the data lifecycle. The new portfolio features three core offerings: Value Packages (subscription-based bundles offering up to 40% cost savings), Deployment Services (expert-led installations), and On-Demand Services (flexible support for optimization). The Value Packages combine firmware/software updates, training, and expert guidance in tiered, all-inclusive subscriptions. Deployment Services focus on accelerating time-to-value through certified expert implementation, while On-Demand Services provide flexible assistance for system health checks, performance tuning, workflow integration, and data migration. The services support integration with third-party technologies and include software development capabilities for workflow systems, custom scripting, and cloud integration.

Quantum Corporation (NASDAQ: QMCO) announced that Chilean broadcaster Canal 13 has implemented an integrated content storage and management solution using Quantum's Myriad® with ActiveScale®. The deployment includes Myriad all-flash NAS for high-performance production storage and ActiveScale object storage for scalable content archiving.

The solution addresses Canal 13's needs for consolidated storage environments, simplified management, and cost reduction. Key benefits include accelerated content turnaround, simplified storage management, future-ready flexibility, lower total cost of ownership, and built-in disaster resilience. Canal 13 deployed the solution through Quantum GO™ subscription model, enabling an OpEx-based payment structure.

Quantum Corporation (NASDAQ: QMCO) has released preliminary financial results for Q4 FY2025. The AI and unstructured data solutions provider expects revenue between $65-67 million, aligning with their previous guidance of $66 million (±$2.0 million). The company anticipates a gross margin of approximately 44% (±1%) and projects a GAAP net loss of around $3.5 million (±$1.0 million). The complete fiscal fourth quarter and full-year 2025 results will be disclosed in mid-June 2025.

Ouster (Nasdaq: OUST), a leading provider of high-performance lidar sensors and software solutions, has appointed Kenneth Gianella as Chief Financial Officer, effective May 19, 2025. Gianella brings over 25 years of technology and communications industry experience to the role.

The new CFO previously served as CFO and COO at Quantum Corporation and held senior positions at Itron, including VP of Investor Relations and VP of Finance and Treasury. He holds an MBA from the University of Pittsburgh and a BS in Business Administration from Duquesne University.

Gianella will succeed interim CFO Chen Geng, who will continue as Senior Vice President, Strategic Finance & Treasurer. The appointment aligns with Ouster's mission to build safer and more sustainable solutions across automotive, industrial, robotics, and smart infrastructure sectors through affordable, high-performance sensors.