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Quantum Corp.: Fiscal Q4 Earnings Snapshot

Quantum Corp.: Fiscal Q4 Earnings Snapshot

By AP News
Published - Jun 06, 2023, 08:39 AM ET
Last Updated - Jun 21, 2023, 12:28 PM EDT

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Quantum Corp. (QMCO) on Tuesday reported a loss of $13.6 million in its fiscal fourth quarter.

On a per-share basis, the San Jose, California-based company said it had a loss of 15 cents. Losses, adjusted for non-recurring costs and stock option expense, came to 4 cents per share.

The computer storage device maker posted revenue of $105.3 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $102 million.

For the year, the company reported a loss of $37.9 million, or 42 cents per share. Revenue was reported as $412.8 million.

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