Quantum Corporation

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Quantum Reports Decline in Revenue, Focuses on Cost Efficiency

Quantum Corporation's fiscal 2024 faced significant financial challenges, including a major revenue decline and a widening net loss. Despite these hurdles, the company is taking strategic steps to stabilize its financial position by enhancing profitability through cost savings and focusing on high-margin products. The outlook for fiscal 2025 is cautiously optimistic, with expectations of stable revenue and better profitability.

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Quantum Corp. engages in the manufacture of computer storage devices. It provides solutions for storing and protecting information in physical, virtual and cloud environments. Its product portfolio includes Myriad All-Flash File and Object Storage Software, StorNext Hybrid Flash and Disk File Storage Software, and Unified Surveillance Platform Software. The company was founded by Joel N. Harrison and James M. McCoy in 1980 and is headquartered in San Jose, CA.

SAN JOSE, Calif. , March 29, 2022 /PRNewswire/ -- Quantum Corporation (Nasdaq: QMCO) (the "Company") today commenced the previously announced rights offering to raise gross proceeds of up to approximately $67.5 million (the "Rights Offering").

Quantum Corporation Commences Rights Offering

SAN JOSE, Calif., March 17, 2022 /PRNewswire/ -- Quantum Corporation (Nasdaq: QMCO) (the "Company") today announced that the Company's Board of Directors has approved a rights offering available to all holders of record of the Company's common stock (the "Common Stock"), and holders of certain outstanding warrants to purchase shares of Common Stock issued by the Company (the "Participating Warrants"), as of 5:00 p.m.

Quantum Corporation Announces Rights Offering

New offerings consolidate and simplify video surveillance infrastructure through software innovation, giving security integrators more choice, more flexibility, and a path to subscription and managed services SAN JOSE, Calif. , March 15, 2022 /PRNewswire/ --  Quantum Corporation (NASDAQ: QMCO), the leader in solutions for video and unstructured data, today announced the Unified Surveillance Platform (USP), a resilient, flexible, and secure software platform for recording and storing video surveillance data.

Quantum Expands Video Surveillance Portfolio with Industry-First Smart Video Recording Servers Based on New Unified Surveillance Platform Software

SAN JOSE, Calif., March 1, 2022 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced the availability of a new tape storage system designed for hyperscale archive environments, the Scalar i6H.

Quantum Extends Hyperscale Archive Leadership with Availability of New Hyperscale Tape Storage System

SAN JOSE, Calif., Feb 15, 2022 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) is pleased to announce that CRN, a brand of The Channel Company, has for the second time in his two-year tenure at Quantum named James Mundle, Global Channel Chief, to its coveted 2022 Channel Chiefs.

James Mundle of Quantum Named a 2022 CRN Channel Chief

Supply chain issues weighed on third-quarter results.

Why Quantum Stock Plunged Today

Quantum Corporation (QMCO) CEO Jamie Lerner on Q3 2022 Results - Earnings Call Transcript

SAN JOSE, Calif., Feb. 9, 2022 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) announced today financial results for its fiscal third quarter ended December 31, 2021.

Quantum Reports Third Quarter Fiscal 2022 Results

SAN JOSE, Calif., Jan. 19, 2022 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) announced today it will release financial results for its third fiscal quarter ended December 31, 2021, on Wednesday, February 9, 2022, after the close of the market.

Quantum to Release Fiscal Third Quarter 2022 Financial Results and Host Investor Conference Call on Wednesday, February 9th

SAN JOSE, Calif., Jan. 5, 2022 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announces its role in accelerating all-terrain autonomous vehicle research at the  Center for Advanced Vehicular Systems (CAVS)  at Mississippi State University (MSU), one of the premier university automotive research centers in the world.

Quantum Accelerates Data-Intensive Autonomous Vehicle Research at Mississippi State University

SAN JOSE, Calif., Dec. 7, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced the availability of an update to the Quantum VS-HCI Series Acuity software platform, which was recently acquired from Pivot3.

Quantum VS-HCI Series Acuity Software Update Extends Simplicity and Resilience with Additional Automation, Performance and Predictive Analytics Capabilities

SAN JOSE, Calif. , Dec. 1, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) announced today that it has been awarded one Platinum and one Gold 'ASTORS' Homeland Security Award from American Security Today.

Quantum Wins Two 'Astors' 2021 Homeland Security Awards for Best Video Data Storage Solution

SAN JOSE, Calif., Nov. 30, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced a new virtual backup appliance, the DXi V5000, along with the DXi V5000 Community Edition making it easier to download and use Quantum DXi deduplication technology.

Quantum Introduces New Virtual Backup Appliance to Make it Easier to Download and Use DXi Deduplication Technology

SAN JOSE, Calif., Nov. 16, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO)  today announced that its ActiveScale™ object storage solution has achieved AWS Outposts Ready designation, part of the AWS Service Ready Program.

Quantum ActiveScale Object Storage Achieves AWS Outposts Ready Designation, Delivering Hybrid Cloud Infrastructure for Managing Unstructured Data

Quantum Corporation (QMCO) CEO Jamie Lerner on Q2 2021 Results - Earnings Call Transcript

SAN JOSE, Calif., Nov. 3, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) announced today financial results for its fiscal second quarter ended September 30, 2021.

Quantum Reports Second Quarter Fiscal 2022 Results

SAN JOSE, Calif., Nov. 2, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced its latest innovations to protect against ransomware and other forms of cyberattacks.

Quantum Introduces Scalar Ransom Block, an Industry-First Solution that Creates Physical Block Between Data Tapes and Robotic Tape System

SAN JOSE, Calif., Nov. 1, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced it will host a Virtual Analyst Day on Tuesday, November 9, 2021, beginning at 8:00am Pacific Time/11:00am Eastern Time.

Quantum to Host Virtual Analyst Day on November 9, 2021

Quantum Corp (NASDAQ: QMCO) bonded with International Business Machines Corp (NYSE: IBM) on the next generation of LTO technology. The specific terms of the agreement remain undisclosed.

Quantum Collaborates With IBM On LTO Technology

SAN JOSE, Calif., Oct. 19, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced a partnership with IBM on the next generation of LTO technology.

Quantum Announces Partnership with IBM for Next Generation of LTO Technology

SAN JOSE, Calif., Oct. 14, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) announced today it will release financial results for its second fiscal quarter ended September 30, 2021, on Wednesday, November 3, 2021, after the close of the market.

Quantum to Release Fiscal Second Quarter 2022 Financial Results and Host Investor Conference Call on Wednesday, November 3rd

SAN JOSE, Calif., Oct. 14, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO)  today announced the availability of the Quantum® CatDV 2021 Platform Update with major new features, performance enhancements, and a range of new deployment options to address the needs of agile content production teams.

Quantum CatDV 2021 Platform Update Streamlines Content Production with Review and Approval Framework, Host of New Features and New Deployment Options

SAN JOSE, Calif., Oct. 12, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced the immediate availability of the Quantum® Collaborative Workflow Solution powered by CatDVTM.

Quantum Announces New Collaboration and Remote Editing Solution for Adobe Premiere Pro Users

SAN JOSE, Calif., Oct. 5, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced two breakthrough innovations aimed at organizations generating, storing, and managing huge amounts of data.

Quantum Redefines Long-Term Data Archiving with New Class of Storage and New Line of Fully Managed Object Storage Services

SAN JOSE, Calif., Sept. 29, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced that Emily White has joined the company's Board of Directors.

News for Quantum Corporation Stock (QMCO)