Quantum Corporation (QMCO) Tops Q2 EPS by 7c, Revenues Beat; Offers 3Q Revenue Guidance Below Consensus

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Go back to Quantum Corporation (QMCO) Tops Q2 EPS by 7c, Revenues Beat; Offers 3Q Revenue Guidance Below Consensus

Quantum Announces Fiscal 2021 Second Quarter Financial Results

October 28, 2020 4:05 PM EDT

SAN JOSE, Calif., Oct. 28, 2020 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced financial results for its fiscal second quarter ended September 30, 2020.

Second Quarter Fiscal 2021 Financial Summary

Revenue was $85.8 million Gross margin was 45.1% Total operating expenses decreased $4.1 million, or 10%, compared to the year ago quarter GAAP net loss of $4.6 million, or $(0.11) per diluted share Adjusted net loss of $0.2 million, or $(0.01) per diluted share Adjusted EBITDA of $8.9 million

Jamie Lerner, Chairman and CEO, Quantum commented, "Our results in the... More