Quantum Reports 14% Sequential Growth in Third Quarter Fiscal 2021

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Go back to Quantum Reports 14% Sequential Growth in Third Quarter Fiscal 2021

Quantum Corporation (QMCO) Tops Q3 EPS by 3c, Revenues Beat; Offers 4Q Revenue Guidance Above Consensus

January 27, 2021 4:28 PM EST

Quantum Corporation (NASDAQ: QMCO) reported Q3 EPS of $0.01, $0.03 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $98 million versus the consensus estimate of $93.2 million.

Third Quarter Fiscal 2021 Financial Summary

Revenue grew 14% sequentially to $98.0 millionGross margin was 43.1%GAAP net loss was $2.7 million, or ($0.07) per shareNon-GAAP adjusted net income improved to $0.01 million, $0.00 per shareAdjusted EBITDA increased $0.6 million sequentially to $9.4 million

Jamie Lerner, Chairman and CEO, Quantum commented, "Revenue in the third quarter once again exceeded our guidance due to... More