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Quantum | 10-Q: Q2 2024 Earnings Report

Quantum | 10-Q: Q2 2024 Earnings Report

昆腾 | 10-Q:2024财年二季报
美股SEC公告 ·  09/07 01:04

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Quantum Corporation reported financial results for Q3 FY2024 ended December 31, 2023. Total revenue decreased 37% YoY to $71.9 million, with product revenue down 52% to $37.1 million. Gross profit fell to $29.2 million from $42.6 million, though gross margin improved to 40.6% from 37.5%.The company posted a net loss of $9.9 million compared to net income of $0.1 million in Q3 FY2023. The decline was primarily driven by lower demand from large hyperscale customers and a slowdown in the linear-tape open media market. Operating expenses decreased 8% to $35.4 million due to cost reduction initiatives across sales, marketing and R&D.Quantum faced ongoing macroeconomic challenges, including longer sales cycles with enterprise and commercial customers. The company has entered into several debt amendments since December 2023 to address financial covenant compliance and improve liquidity. Management continues to monitor the uncertain environment and its potential impacts on the business.
Quantum Corporation reported financial results for Q3 FY2024 ended December 31, 2023. Total revenue decreased 37% YoY to $71.9 million, with product revenue down 52% to $37.1 million. Gross profit fell to $29.2 million from $42.6 million, though gross margin improved to 40.6% from 37.5%.The company posted a net loss of $9.9 million compared to net income of $0.1 million in Q3 FY2023. The decline was primarily driven by lower demand from large hyperscale customers and a slowdown in the linear-tape open media market. Operating expenses decreased 8% to $35.4 million due to cost reduction initiatives across sales, marketing and R&D.Quantum faced ongoing macroeconomic challenges, including longer sales cycles with enterprise and commercial customers. The company has entered into several debt amendments since December 2023 to address financial covenant compliance and improve liquidity. Management continues to monitor the uncertain environment and its potential impacts on the business.
量子公司报告了截至2023年12月31日的2024财年第三季度财务业绩。总营业收入同比下降37%至7190万,产品营业收入下降52%至3710万。毛利润从4260万降至2920万,但毛利率从37.5%提高至40.6%。公司报告净亏损990万,而在2023财年第三季度净利润为10万。这一下降主要是由于大型超大规模客户需求下降以及线性带开放媒体市场放缓所致。营业费用因销售、市场营销和研发的成本降低举措减少8%至3540万。量子公司面临持续的宏观经济挑战,包括与企业和商业客户的销售周期延长。自2023年12月以来,公司进入了几项债务修订,以应对财务契约合规性并改善流动性。管理层继续监测不确定环境及其对业务的潜在影响。
量子公司报告了截至2023年12月31日的2024财年第三季度财务业绩。总营业收入同比下降37%至7190万,产品营业收入下降52%至3710万。毛利润从4260万降至2920万,但毛利率从37.5%提高至40.6%。公司报告净亏损990万,而在2023财年第三季度净利润为10万。这一下降主要是由于大型超大规模客户需求下降以及线性带开放媒体市场放缓所致。营业费用因销售、市场营销和研发的成本降低举措减少8%至3540万。量子公司面临持续的宏观经济挑战,包括与企业和商业客户的销售周期延长。自2023年12月以来,公司进入了几项债务修订,以应对财务契约合规性并改善流动性。管理层继续监测不确定环境及其对业务的潜在影响。
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