QUANTUM CORP DE
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
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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.
Sep 30, 2024 · Filed Nov 14, 2024
QMCO$16.30-4.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(in thousands, unaudited)
| Six Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities | ||
| Net loss | $(34,347) | $(12,473) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Depreciation and amortization | 3,347 | 5,295 |
| Amortization of debt issuance costs | 2,081 | 1,234 |
| Loss on debt extinguishment | 3,003 | — |
| Provision for product and service inventories | 1,167 | 892 |
| Stock-based compensation | 1,641 | 2,831 |
| Paid in kind interest | 1,844 | 777 |
| Change in fair value of warrant liabilities | (5,216) | (5,127) |
| Other non-cash | 851 | 49 |
| Changes in assets and liabilities: | ||
| Accounts receivable, net | 16,638 | 21,109 |
| Manufacturing inventories | (2,168) | (2,070) |
| Service parts inventories | 543 | (1,505) |
| Prepaid expenses | (1,446) | 8 |
| Accounts payable | 5,253 | (9,073) |
| Accrued compensation | (4,350) | (1,946) |
| Deferred revenue | (10,153) | (9,269) |
| Other current assets | (780) | 115 |
| Other non-current assets | 1,280 | (2,354) |
| Other current liabilities | 2,556 | (1,602) |
| Other non-current liabilities | 1,062 | 1,764 |
| Net cash used in operating activities | (17,194) | (11,345) |
| Investing activities | ||
| Purchases of property and equipment | (3,228) | (3,925) |
| Net cash used in investing activities | (3,228) | (3,925) |
| Financing activities | ||
| Borrowings of long-term debt, net of debt issuance costs | 24,655 | 14,083 |
| Repayments of long-term debt | (13,537) | (3,247) |
| Borrowings of credit facility | 209,852 | 217,084 |
| Repayments of credit facility | (209,445) | (213,082) |
| Net cash provided by financing activities | 11,525 | 14,838 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (3) | 11 |
| Net change in cash, cash equivalents and restricted cash | (8,900) | (421) |
| Cash, cash equivalents, and restricted cash at beginning of period | 25,860 | 26,175 |
| Cash, cash equivalents, and restricted cash at end of period | $16,960 | $25,754 |
| The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the statement of cash flows: | ||
| Cash and cash equivalents | $16,719 | $25,574 |
| Restricted cash, current | 241 | 180 |
| Cash and cash equivalents at the end of period | $16,960 | $25,754 |
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest | $5,539 | $6,079 |
| Cash paid for income taxes, net | $1,304 | $831 |
| Non-cash transactions | ||
| Purchases of property and equipment included in accounts payable | $312 | $689 |
| Paid-in-kind interest | $1,844 | $777 |
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