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
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Item 1. Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts, unaudited)
| September 30, 2024 | March 31, 2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $16,719 | $25,692 |
| Restricted cash | 241 | 168 |
| Accounts receivable, net of allowance for credit losses of $99 and $22, respectively | 51,073 | 67,788 |
| Manufacturing inventories | 18,965 | 17,753 |
| Service parts inventories | 9,028 | 9,783 |
| Prepaid expenses | 3,632 | 2,186 |
| Other current assets | 9,195 | 8,414 |
| Total current assets | 108,853 | 131,784 |
| Property and equipment, net | 11,334 | 12,028 |
| Goodwill | 12,969 | 12,969 |
| Intangible assets, net | 742 | 1,669 |
| Right-of-use assets | 9,164 | 9,425 |
| Other long-term assets | 20,084 | 19,740 |
| Total assets | $163,146 | $187,615 |
| Liabilities and Stockholders’ Deficit | ||
| Current liabilities: | ||
| Accounts payable | $30,789 | $26,087 |
| Accrued compensation | 13,864 | 18,214 |
| Deferred revenue, current portion | 69,369 | 78,511 |
| Term debt, current portion | 1,579 | 82,496 |
| Revolving credit facility | — | 26,604 |
| Warrant liabilities | 2,499 | 4,046 |
| Other accrued liabilities | 16,501 | 13,986 |
| Total current liabilities | 134,601 | 249,944 |
| Deferred revenue, net of current portion | 37,164 | 38,176 |
| Revolving credit facility | 28,300 | — |
| Term debt, net of current portion | 94,746 | — |
| Operating lease liabilities | 9,366 | 9,621 |
| Other long-term liabilities | 12,372 | 11,372 |
| Total liabilities | 316,549 | 309,113 |
| Commitments and contingencies (Note 11) | ||
| Stockholders' deficit | ||
| Preferred stock, 20,000 shares authorized; no shares issued and outstanding | — | — |
| Common stock, $0.01 par value; 225,000 shares authorized; 4,793 and 4,793 shares issued and outstanding | 49 | 49 |
| Additional paid-in capital | 709,667 | 708,026 |
| Accumulated deficit | (861,727) | (827,380) |
| Accumulated other comprehensive loss | (1,392) | (2,193) |
| Total stockholders’ deficit | (153,403) | (121,498) |
| Total liabilities and stockholders’ deficit | $163,146 | $187,615 |
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