Quantum Corporation

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Quantum Reports Decline in Revenue, Focuses on Cost Efficiency

Quantum Corporation's fiscal 2024 faced significant financial challenges, including a major revenue decline and a widening net loss. Despite these hurdles, the company is taking strategic steps to stabilize its financial position by enhancing profitability through cost savings and focusing on high-margin products. The outlook for fiscal 2025 is cautiously optimistic, with expectations of stable revenue and better profitability.

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Quantum Corp. engages in the manufacture of computer storage devices. It provides solutions for storing and protecting information in physical, virtual and cloud environments. Its product portfolio includes Myriad All-Flash File and Object Storage Software, StorNext Hybrid Flash and Disk File Storage Software, and Unified Surveillance Platform Software. The company was founded by Joel N. Harrison and James M. McCoy in 1980 and is headquartered in San Jose, CA.

SAN JOSE, Calif.--(BUSINESS WIRE)--Quantum® Corporation (NASDAQ: QMCO), the pioneer in end-to-end data management solutions designed for the AI era, today announced the availability of Quantum GO™, a subscription model to meet growing data demands and cost objectives. Organizations with large and growing data management requirements -- particularly as artificial intelligence (AI) and machine learning (ML) continue to drive massive data growth -- face the challenge of keeping up with those deman.

Quantum GO Now Available to Provide a Subscription Model to Meet Customers' Growing Data Management Needs and Budgetary Objectives

SAN JOSE, Calif.--(BUSINESS WIRE)--Quantum® Corporation (NASDAQ: QMCO), the pioneer in end-to-end data management solutions designed for the AI era, today announced the expansion of its global partnership model across the key markets of South Korea, Japan, Australia and New Zealand. Following several years of success developing this program in other Asia-Pacific markets, such as China, India, and Singapore, Quantum wanted to expand this partner model in other key territories to reach and enable.

Quantum Announces Expanded Global Partnership Model to Grow Presence in Asia-Pacific Markets

SAN JOSE, Calif.--(BUSINESS WIRE)--DXi All-Flash Announcement.

Quantum Announces DXi All-Flash Backup Appliances to Accelerate End-to-End Data Protection and Ensure Continuous Access to Critical Workloads and Data Pipelines

Quantum (QMCO) adds a new filesharing technology to its Myriad and StorNext solutions. The technology is available as part of QMCO's broadened collaboration with Tuxera.

Quantum (QMCO) Unveils Cutting-Edge Filesharing Technology

SAN JOSE, Calif.--(BUSINESS WIRE)--Quantum Corporation (Nasdaq: QMCO), a leader in solutions for AI and unstructured data, provided additional updates on its business. Fiscal Fourth Quarter 2024 Liquidity Update Quantum's unaudited cash and long-term debt balances as of March 31, 2024, are provided below: Cash and cash equivalents were $26.1 million. Outstanding term loan debt was $87.9 million, Outstanding borrowings under the revolving credit facility was $26.6 million, Total interest expense.

Quantum Provides Additional Business Updates

SAN JOSE, Calif.--(BUSINESS WIRE)--Quantum® Corporation (NASDAQ: QMCO), the pioneer in end-to-end data management solutions designed for the AI era, announced today that it is adding advanced file service technology to Quantum Myriad® and StorNext® to offer ultra-fast and feature rich server message block (SMB) based cross-platform file service. StorNext customers can now have high-performance collaborative storage and fast network file service together on the same platform to meet their missio.

Quantum to Offer Advanced Filesharing Technology and Performance in StorNext and Myriad Solutions

Quantum Corporation (QMCO) launches ActiveScale Z200 to provide advanced throughput and transactional performance across various scales.

Quantum Corporation (QMCO) Continues to Advance AI Workflows

SAN JOSE, Calif.--(BUSINESS WIRE)--Quantum® Corporation (NASDAQ: QMCO), the pioneer in end-to-end data management solutions designed for the AI era, today announces ActiveScale® Z200 all-flash object storage to help customers accelerate mission-critical AI pipelines and massive data workflows. This new solution extends Quantum's all-flash leadership beyond Quantum Myriad™ and StorNext™ file system solutions to address S3-native use cases that require rapid data ingest, high-performance analysis.

Quantum Announces ActiveScale All-Flash Object Storage Solution to Accelerate AI Pipelines, Power Massive Data Lakes and Build Storage Clouds

SAN JOSE, Calif.--(BUSINESS WIRE)--Quantum Corporation (Nasdaq: QMCO) ("Quantum" or the "Company"), the pioneer in end-to-end data management solutions designed for the AI era, today filed a Form 8-K regarding several business updates, including reiterating its efforts to be current with its SEC financial reports by May 7, 2024. On March 19, 2024, the Company received a letter (the “Letter”) from the listing qualifications staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) regarding.

Quantum Provides Business Update

SAN JOSE, Calif.--(BUSINESS WIRE)--Quantum Corporation (NASDAQ: QMCO) today announced the Scalar i7 RAPTOR, the latest in tape innovation to support growing AI use cases. Built to handle advanced AI workflows for hyperscale customers, MSPs and large enterprises, the Scalar i7 RAPTOR is engineered to deliver the densest, most scalable tape solution on the market. As organizations look to retain more data than ever to fuel AI models, this new offering gives customers an ultra-low cost, green, and.

Quantum Announces the Scalar i7 RAPTOR for Data Lakes to fuel AI models, Private and Hybrid Clouds, and Unmatched Data Protection

SAN JOSE, Calif.--(BUSINESS WIRE)--Quantum Corporation (NASDAQ: QMCO) (“Quantum or the “Company”) today filed a Form 8-K detailing amendments to the Company's term loan and revolving credit agreements. These amendments, among other things, waived the covenant requirements related to financial statements prepared in accordance with GAAP for the fiscal quarter ended December 31, 2023. The amendments also waived financial covenants related to the Company's total net leverage ratio for the same fis.

Quantum Announces Waiver and Amendment to Term Loan and Revolving Credit Agreements

SAN JOSE, Calif.--(BUSINESS WIRE)--Quantum Corporation (NASDAQ: QMCO) (“Quantum or the “Company”) announced today that it has filed a Form 12b-25 Notification of Late Filing for the quarter ended December 31, 2023 (the “Form 10-Q”) by February 9, 2024, the original due date for such filing. As previously disclosed, the Company is in the process of re-evaluating its application of Standalone Selling Price as part of Accounting Standards Codification (ASC) Topic 606 that has resulted in the delay.

Quantum Announces Delayed Form 10-Q Filing for Quarter Ending December 31, 2023

Quantum (NASDAQ: QMCO ) stock is down on Wednesday despite the digital video and unstructured data storage and management company announcing a deal with XENON Systems. Quantum reached an agreement with XENON Systems that has the latter purchasing its Quantum Myriad software.

Why Is Quantum (QMCO) Stock Down 5% Today?

All-flash file and object software delivers hot-to-cold data solution in tandem with Quantum ActiveScale SAN JOSE, Calif. , Feb. 13, 2024 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) announces that XENON Systems, a leading high-performance computing and complex data storage specialist, has purchased Quantum Myriad™, an all-flash, scale-out file and object storage software platform.

XENON Systems Purchases Myriad All-Flash Cloud-Native Solution to Fuel AI, Power Research and Data Science Workloads

Leading managed services provider deploys Quantum ActiveScale for active and cold data use cases after success with other Quantum solutions SAN JOSE, Calif. , Jan. 30, 2024 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO), the leader in solutions for unstructured data, today announced that Amidata, a leading managed services provider, has implemented Quantum ActiveScale™ object storage as the foundation for their new Amidata Secure Cloud Storage Service.

Amidata Expands Offerings Based on Quantum End-to-End Solutions, Launches New Cloud Storage Service Built on ActiveScale Object Storage

SAN JOSE, Calif. , Jan. 27, 2024 /PRNewswire/ -- Quantum Corporation (Nasdaq: QMCO) ("Quantum" or the "Company") announced today that it has been notified by the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") that the Company's plan to regain compliance submitted on January 16, 2024 has been approved.

Nasdaq Accepts Quantum's Plan to Regain Listing Compliance

SAN JOSE, Calif. , Jan. 17, 2024 /PRNewswire/ -- Quantum Corporation (Nasdaq: QMCO) ("Quantum" or the "Company") announced today that in accordance with Nasdaq Listing Rules, the Company has submitted its plan to regain compliance on January 16, 2024.

Quantum Announces Update on Plan to Regain Nasdaq Compliance and Delayed Form 10-Q Filing

SAN JOSE, Calif. , Dec. 12, 2023 /PRNewswire/ -- Quantum, the leader in solutions for unstructured data, today announced that MR Datentechnik, a leading German IT solutions and managed services provider, has implemented Quantum ActiveScale™ object storage as the foundation of their new MR S3 Storage Service supporting customers' needs for backup and recovery, archiving, and data security.

MR Datentechnik Builds a Scalable, S3-Compatible Storage Service with Quantum ActiveScale to Drive New Revenue Streams

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In early-access testing, cloud-native solution demonstrates high performance, ease of use SAN JOSE, Calif. , Nov. 29, 2023 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO), the leader in solutions for video and unstructured data, announces that Quantum Myriad™, an all-flash, scale-out file and object storage software platform for the enterprise, is now generally available for purchase.

Quantum Myriad™ All-Flash File and Object Solution Now Generally Available

SAN JOSE, Calif., Nov. 17, 2023 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) ("Quantum" or the "Company") announced today that it received a notice (the "Notice") from the Listing Qualifications staff of the Nasdaq Stock Market LLC ("Nasdaq") on November 14, 2023 stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the Company's delay in filing its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2023 (the "Quarterly Report") with the Securities and Exchange Commission.

Quantum Announces Notification from Nasdaq Related to Delayed Form 10-Q Filing

Announces Postponement of Second Quarter Earnings Release and Conference Call SAN JOSE, Calif. , Nov. 13, 2023 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) ("Quantum or the "Company") announced today that it has filed a Form 12b-25 Notification of Late Filing because it is unable to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 (the "Form 10-Q") by November 9, 2023, the original due date for such filing.

Quantum Files Form 12b-25 Notification of Late filing

New backup appliance bundles provide highly optimized data replication and cloud tiering capabilities with up to 70X greater storage and networking efficiency SAN JOSE, Calif. , Oct. 11, 2023 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO), the leader in solutions for unstructured data, today announced new bundled offerings for organization-wide data protection based on Quantum DXi-Series Backup Appliances, the industry's most efficient backup data management platform.

Quantum Announces New DXi Edge-Core-Cloud Bundles for Comprehensive Data Protection and Ransomware Recovery to Safeguard Business Operations Across the Distributed Enterprise

Award-winning object storage solution is key part of Quantum's end-to-end data platform that enables flexible hybrid cloud workflows SAN JOSE, Calif. , Sept. 13, 2023 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO), the leader in solutions for unstructured data, today announced new pre-configured bundles to make it even easier to purchase and deploy Quantum ActiveScale™ Cold Storage, the industry's only S3-enabled object storage solution architected for both active and cold data sets that reduces cold storage costs by up to 60 percent.

Quantum Announces New Pre-Configured ActiveScale Cold Storage Bundles to Make It Simple to Deploy On-Prem Cloud Resources and Unlock Value in Archived Data

SAN JOSE, Calif. , Sept. 9, 2023 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO), today announced that Jamie Lerner, Chairman and CEO of Quantum, and Kenneth Gianella, Chief Financial Officer, will participate at the Northland Institutional Investor Conference, which will be held as a virtual event on September 19, 2023.

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