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Midas Edge

QUANTUM CORP DE

For the period ended Sep 30, 2024. Filed Nov 14, 2024.

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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.

Sep 30, 2024 · Filed Nov 14, 2024

QMCO$16.99+17.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Leases

NOTE 6: LEASES

Supplemental balance sheet information related to leases is as follows (in thousands):

Operating LeasesSeptember 30, 2024March 31, 2024
Operating lease right-of-use asset$9,164$9,425
Operating lease liability with other accrued liabilities1,3751,256
Operating lease liability, net9,3669,621
Total operating lease liabilities$10,741$10,877

Components of lease cost were as follows (in thousands):

Three Months Ended September 30,Six Months Ended September 30,
Lease Cost2024202320242023
Operating lease cost$779$731$1,491$1,606
Variable lease cost8260152182
Total lease cost$861$791$1,643$1,788
Maturity of Lease LiabilitiesOperating Leases
Remainder of fiscal year 2025$1,389
20262,317
20271,797
20281,568
20291,220
Thereafter12,089
Total lease payments$20,380
Less: imputed interest(9,639)
Present value of lease liabilities$10,741
Lease Term and Discount RateSeptember 30, 2024March 31, 2024
Weighted average remaining operating lease term (years)10.1510.85
Weighted average discount rate for operating leases12.6%12.7%

Operating cash outflows related to operating leases totaled $1.4 million and $1.6 million for the six months ended September 30, 2024 and 2023, respectively.

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.