Quantum Corporation (QMCO) Misses Q3 EPS by 8c, Offers Guidance
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Quantum Reports Fiscal Third Quarter 2025 Financial Results
February 12, 2025 4:05 PM ESTExecution on Business Transformation Drives Significant Year-Over-Year Improvements
Takes Initial Step on Path Toward Becoming Debt-Free
SAN JOSE, Calif.--(BUSINESS WIRE)-- Quantum Corporation (Nasdaq: QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, announced today financial results for its fiscal third quarter 2025 ended December 31, 2024.
Fiscal Third Quarter 2025 Financial Summary
Revenue increased to $72.6 million Subscription ARR was up 29% year-over-year at $21.3 million GAAP gross profit increased to $31.8 million, or gross margin... More