Quantum Announces Fiscal 2021 Second Quarter Financial Results
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Quantum Corporation (QMCO) Tops Q2 EPS by 7c, Revenues Beat; Offers 3Q Revenue Guidance Below Consensus
October 28, 2020 4:59 PM EDTQuantum Corporation (NASDAQ: QMCO) reported Q2 EPS of ($0.01), $0.07 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $85.8 million versus the consensus estimate of $83.23 million.
Second Quarter Fiscal 2021 Financial Summary
Revenue was $85.8 millionGross margin was 45.1%Total operating expenses decreased $4.1 million, or 10%, compared to the year ago quarterGAAP net loss of $4.6 million, or $(0.11) per diluted shareAdjusted net loss of $0.2 million, or $(0.01) per diluted shareAdjusted EBITDA of $8.9 millionJamie Lerner, Chairman and CEO, Quantum commented, "Our results in the second fiscal quarter exceeded our... More
