Summary by Moomoo AI
Quantum Corporation reported fiscal Q2 2025 revenue of $70.5M, down from $75.7M in Q2 FY24, with GAAP gross profit at $29.3M (41.5% margin). The company posted a GAAP net loss of $13.5M ($2.82 per share), compared to a $3.3M loss in the prior year quarter. Subscription ARR grew 28% YoY to $19.6M.Operational highlights include a 490 basis point sequential improvement in gross margin to over 41% and an 8% YoY reduction in non-GAAP operating expenses. The company achieved breakeven adjusted EBITDA for the quarter, despite ongoing supply chain challenges that resulted in elevated backlog levels.Looking ahead, Quantum provided Q3 FY25 guidance with expected revenues of $72.0M (±$2.0M), non-GAAP adjusted net loss per share of ($0.75) (±$0.05), and adjusted EBITDA of approximately $2.0M. The company continues to focus on growth initiatives around Myriad and ActiveScale products while maintaining strong performance in data protection offerings.
