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Quantum | 10-Q: Q2 2024 Earnings Report

Quantum | 10-Q: Q2 2024 Earnings Report

昆騰 | 10-Q：2024財年二季報
美股SEC公告 ·  09/07 01:04

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Quantum Corporation reported financial results for its second quarter of fiscal year 2024 ended September 30, 2023. Total revenue decreased 25% year-over-year to $75.7 million, primarily due to lower demand from hyperscale customers and declines in the linear-tape open media market. Product revenue fell 33% to $42.9 million, while service and subscription revenue dropped 7% to $30.5 million.Despite lower revenue, gross profit increased to $32.7 million from $29.3 million in Q2 FY2023, with gross margin improving to 43.3% from 29.1%. This was driven by a more favorable product mix and operational efficiencies. Operating expenses decreased 7% to $36.4 million, reflecting cost reduction initiatives across the business.The company reported a net loss of $3.3 million, compared to a $7.4 million loss in the same quarter last year. Quantum noted ongoing macroeconomic challenges, including longer sales cycles with enterprise and commercial customers. The company has also entered into several debt amendments since September 2023 to address financial covenant compliance and support business initiatives.
Quantum Corporation reported financial results for its second quarter of fiscal year 2024 ended September 30, 2023. Total revenue decreased 25% year-over-year to $75.7 million, primarily due to lower demand from hyperscale customers and declines in the linear-tape open media market. Product revenue fell 33% to $42.9 million, while service and subscription revenue dropped 7% to $30.5 million.Despite lower revenue, gross profit increased to $32.7 million from $29.3 million in Q2 FY2023, with gross margin improving to 43.3% from 29.1%. This was driven by a more favorable product mix and operational efficiencies. Operating expenses decreased 7% to $36.4 million, reflecting cost reduction initiatives across the business.The company reported a net loss of $3.3 million, compared to a $7.4 million loss in the same quarter last year. Quantum noted ongoing macroeconomic challenges, including longer sales cycles with enterprise and commercial customers. The company has also entered into several debt amendments since September 2023 to address financial covenant compliance and support business initiatives.
量子公司報告了截至2023年9月30日的2024財年第二季度財務結果。總營業收入同比下降25%，爲7570萬美金，主要由於超大規模客戶需求減少和線性帶開放媒體市場的下滑。產品營業收入下降33%，爲4290萬美金，而服務和訂閱營業收入下降7%，爲3050萬美金。儘管營業收入減少，毛利潤從2023財年第二季度的2930萬美金增加到3270萬美金，毛利率從29.1%提高到43.3%。這得益於更有利的產品組合和運營效率的提高。營業費用下降7%，爲3640萬美金，反映出公司在各項業務中的成本削減舉措。公司報告淨虧損330萬美金，而去年同期虧損爲740萬美金。量子公司注意到持續的宏觀經濟挑戰，包括與企業和商業客戶更長的銷售週期。自2023年9月以來，公司還進行了幾項債務修正，以應對財務契約合規並支持業務倡議。
量子公司報告了截至2023年9月30日的2024財年第二季度財務結果。總營業收入同比下降25%，爲7570萬美金，主要由於超大規模客戶需求減少和線性帶開放媒體市場的下滑。產品營業收入下降33%，爲4290萬美金，而服務和訂閱營業收入下降7%，爲3050萬美金。儘管營業收入減少，毛利潤從2023財年第二季度的2930萬美金增加到3270萬美金，毛利率從29.1%提高到43.3%。這得益於更有利的產品組合和運營效率的提高。營業費用下降7%，爲3640萬美金，反映出公司在各項業務中的成本削減舉措。公司報告淨虧損330萬美金，而去年同期虧損爲740萬美金。量子公司注意到持續的宏觀經濟挑戰，包括與企業和商業客戶更長的銷售週期。自2023年9月以來，公司還進行了幾項債務修正，以應對財務契約合規並支持業務倡議。
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