QUANTUM CORP DE

For the period ended Jun 30, 2024. Filed Aug 14, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 14, 2024

QMCO$16.30-4.1%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Loss

(in thousands, except per share amounts, unaudited)

	Three Months Ended June 30,
	2024	2023
Revenue:
Product	$40,994	$58,577
Service and subscription	27,447	30,953
Royalty	2,902	2,965
Total revenue	71,343	92,495
Cost of revenue:
Product	32,555	44,451
Service and subscription	12,653	12,403
Total cost of revenue	45,208	56,854
Gross profit	26,135	35,641
Operating expenses:
Sales and marketing	13,295	15,839
General and administrative	21,065	12,699
Research and development	8,308	10,913
Restructuring charges	1,192	1,329
Total operating expenses	43,860	40,780
Loss from operations	(17,725)	(5,139)
Other expense	(41)	(998)
Interest expense	(3,790)	(3,201)
Change in fair value of warrant liabilities	1,666	726
Loss on debt extinguishment, net	(695)	—
Net loss before income taxes	(20,585)	(8,612)
Income tax provision	235	530
Net loss	$(20,820)	$(9,142)
Net loss per share - basic	$(0.22)	$(0.10)
Net loss per share - diluted	$(0.22)	$(0.10)
Weighted average shares - basic	95,850	93,673
Weighted average shares - diluted	95,850	93,711
Net loss	$(20,820)	$(9,142)
Foreign currency translation adjustments, net	142	249
Total comprehensive loss	$(20,678)	$(8,893)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.