Qualstar Corporation (QBAK) is voluntarily registering its common stock under Exchange Act Section 12(g), which will restore its SEC reporting obligations when the registration becomes effective automatically 60 days after the original filing. The shares have been quoted on OTC Markets since the company delisted from Nasdaq in April 2020; Qualstar says it is re-registering to resume reporting, enhance transparency and facilitate improved liquidity.
Qualstar sells archival tape-storage systems and software and power-supply products through its N2Power business. For the six months ended June 30, 2026, revenue was $3.527 million, up 14.2% from a year earlier: data-storage revenue rose 31% to $3.203 million, while power-supply revenue fell 49.7% to $324,000.
Qualstar recorded a $1.164 million net loss for the six-month period, versus $387,000 net income a year earlier. It reported an approximately $970,000 charge on slow-moving power-supply inventory; gross profit was $165,000, compared with $1.091 million in the prior-year period. Cash and equivalents were $1.129 million and marketable securities were $868,000 as of June 30, 2026.