quantum corp (QTM) Key Developments
Quantum Corp. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2016
Jul 30 15
Quantum Corp. announced unaudited consolidated earnings results for the first quarter ended June 30, 2015. For the quarter, the company reported total revenue of $110,856,000 against $128,128,000 a year ago. Loss from operations was $8,207,000 against $1,507,000 a year ago. Loss before income taxes was $10,416,000 against $4,076,000 a year ago. Net loss was $10,755,000 against $4,324,000 a year ago. Basic and diluted net loss per share was $0.04 against $0.02 a year ago. Net cash used in operating activities was $13,559,000 against cash flow from operating activities of $6,274,000 a year ago. Purchases of property and equipment was $840,000 against $1,371,000 a year ago. On the non-GAAP basis, the company reported loss from operations of $4,438,000 against income from operation of $5,196,000 a year ago. Net loss was $6,986,000 against net income of $2,379,000 a year ago. Basic and diluted net loss per share was $0.03 against $0.01 a year ago.
For the second quarter of 2016, the company expects, revenue of $120 million to $130 million. GAAP margin of 41.7% to 42.7% and non-GAAP gross margin of approximately 42% to 43%. GAAP and non-GAAP operating expenses of approximately $55 million to $57 million and $52 million to $54 million, respectively.
For fiscal 2016, the company reiterated its year-over-year revenue growth target of 50% in scale-out storage and said that it will continue to make investments to capitalize on the market opportunities in this part of its business.
Scalar i6000 Advancements Offer Ideal Solution to Growing Demands of Enterprise Archive Environments
Jul 29 15
Quantum Corp. announced significant new enhancements to the Scalar i6000 tape library, doubling drive density to provide the most compact LTO storage footprint in the enterprise market, adding unique RESTful web services management capabilities and offering 80 PLUS® certified power supplies for the most efficient power usage available. These enhancements are the latest in a long line of innovations since the library's introduction, resulting in the most feature rich and technically advanced enterprise tape library available for today's most demanding tiered storage workflows. The new Scalar i6000 design doubles the number of full-height LTO drives that fit into a 19-inch rack footprint, for twice the performance or data access within the same footprint. This complements the library's High Density Expansion Modules, resulting in systems with the best overall LTO storage density in the market. In addition, the Scalar i6000's unique modular architecture provides high density without sacrificing performance. Users seeking extreme performance in a small footprint such as those backing up large databases in a small window can configure the Scalar i6000 to maximize the number of drives. The company plans to expand Scalar i6000 capacity further in 2016, scaling to more than 15,000 slots, or more than 225PB, in a single system. Customers and partners that invest in the library will benefit from this increased capacity as their archive data grows. The addition of RESTful web services enables Scalar i6000 users to automate configuration and administrative tasks, thereby saving time and money. With this enhancement, the Scalar i6000 now offers the most comprehensive suite of web services available for an LTO tape library anything that can be done from the graphical user interface can now be done via web services.
Quantum Corporation Announces Support for the Xsan Distributed LAN Client
Jul 20 15
Quantum Corp. announced support for the Xsan Distributed LAN Client in the public beta of Apple's forthcoming operating system, OS X El Capitan. Now OS X El Capitan users can easily connect Xsan clients over Ethernet to a Quantum StorNext environment, enabling them to experience the full benefits of a StorNext-based workflow. StorNext, Quantum's shared storage platform which is 100% Xsan-compatible, has long allowed Mac users to plug into StorNext environments via Fibre Channel for high-performance workflow storage and collaboration. Increasingly, however, content owners are looking to leverage lower-cost Ethernet connectivity within their media workflows for such tasks as file inspection, QA and digital daily review. With the public beta release of OS X El Capitan, Xsan users can now enjoy full client access to a StorNext SAN environment to perform these critical tasks, using a simple Ethernet connection. The new Xsan Distributed LAN Client-StorNext functionality is now available for testing in the public beta of OS X El Capitan.
Quantum Corporation Reports Unaudited Preliminary Results for the First Quarter Ended June 30, 2015
Jul 16 15
Quantum Corporation reported unaudited preliminary results for the first quarter ended June 30, 2015. For the quarter, the company reported total revenues of $111 million, down from $128 million a year earlier. The lower-than-expected total revenue was largely due to overall weakness in the general-purpose storage market, as also indicated by other companies' announcements over the last two weeks. The lower revenue also impacted Quantum's bottom line, resulting in a GAAP net loss of approximately $11 million for the quarter and a non-GAAP net loss of approximately $7 million.
Quantum Corporation to Report Q1, 2016 Results on Jul 30, 2015
Jul 16 15
Quantum Corporation announced that they will report Q1, 2016 results at 2:00 PM, Pacific Standard Time on Jul 30, 2015