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Recognized for Unmatched Density, Cost Efficiency, and Cyber-Resilient Archiving for Media and Entertainment Quantum Corporation (NASDAQ:QMCO) today announced that its Scalar® i7 RAPTOR tape library has won a Best of Show Award from TV Tech at IBC 2025 in Amsterdam. The Best of Show Awards, judged by a panel of industry experts and editors, recognize the most innovative and impactful technologies introduced at major media and entertainment events. Held annually in Amsterdam, IBC (International Broadcasting Convention) is one of the world's most influential shows for media, entertainment, and technology professionals, drawing global broadcasters, content creators, technology providers, and

Transaction Represents Key Milestone Toward Eliminating Outstanding Debt Quantum Corporation (NASDAQ:QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, today announced it has entered into a definitive agreement (the "Transaction Agreement") to restructure the Company's outstanding term debt held by Dialectic Technology SPV LLC ("Dialectic") and certain other lenders. In addition, Quantum amended its existing term loan credit and security agreement with its current term loan lenders to remove the financial covenants therein. Highlights of Transaction: Ability for Dialectic term debt of approximately $52 million to be exchanged for senior secured co

New qualification extends Quantum's broad portfolio of Veeam Ready solutions Quantum Corporation (NASDAQ:QMCO) today announced that the Scalar® i7 RAPTOR, the industry's highest-density tape library, has achieved Veeam® Ready qualification from Veeam Software, the #1 global leader by market share in Data Resilience. With this milestone, Quantum has extended the Veeam Ready designation across its entire Scalar tape library portfolio, joining a broad range of Quantum products that are validated as Veeam Ready for secure, cyber-resilient, and cost-effective data protection and retention. Quantum's Veeam Ready solutions already include Scalar i3, Scalar i6, Scalar i6000 tape libraries, DXi®

Leadership Team Executing Steps to Improve Operational and Financial Performance. Quantum Corporation (NASDAQ:QMCO) ("Quantum" or the "Company"), today announced financial results for its fiscal first quarter 2026 ended June 30, 2025. Management Commentary "Since my recent appointment in June, I've been dedicating a significant portion of my time toward conducting in-depth reviews of the business operations with our internal teams as well as meeting with key customers and partners," stated Hugues Meyrath, CEO of Quantum. "Leveraging extensive industry experience and my familiarity of the Company as a board member, the Company has implemented immediate and ongoing actions aimed at furt

Quantum® Corporation (NASDAQ:QMCO) ("Quantum" or the "Company"), a leader in solutions for unstructured data, today announced it will release financial results for its fiscal first quarter 2026 on Wednesday, September 10, 2025, after the markets close. Hugues Meyrath, Chief Executive Officer, and Laura Nash, Chief Accounting Officer, will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss the Company's financial results and business outlook. Analysts and investors are invited to join the conference call using the following information: Date: Wednesday, September 10, 2025 Time: 5:00 p.m. ET (2:00 p.m. PT) Conference Call Number: 1-866-424-3436 Internat

Industry veteran to lead North American sales strategy, fueling growth and expanding Quantum's market impact Quantum Corporation (NASDAQ:QMCO), a leader in solutions for unstructured data, today announced the appointment of seasoned sales executive Gregg Pugmire as Vice President of Americas Sales. In this role, Pugmire will lead Quantum's sales strategy and execution across the U.S., Canada, and Latin America, accelerating growth and expanding customer adoption of the company's end-to-end data management solutions that support the entire lifecycle, from ingest and collaboration to data protection, backup, and long-term archive. Pugmire brings more than 30 years of experience delivering

Quantum Corporation (NASDAQ:QMCO) today announced the appointment of two accomplished executives, James C. Clancy and Tony J. Blevins, to its Board of Directors. Their addition reflects the Company's continued commitment to further strengthening the Board of Directors and executive management team. With these appointments, the total number of directors will expand to seven members. "Jim and Tony are both exceptional leaders, with multiple decades of experience in their respective fields," commented Hugues Meyrath, CEO of Quantum. "Jim is highly regarded as a proven and dynamic sales leader with deep data protection domain expertise, and Tony is a seasoned and accomplished supply chain man

Quantum Corporation (NASDAQ:QMCO) today announced the filing of its Annual Report on Form 10-K for the fiscal year ended March 31, 2025, with the U.S. Securities and Exchange Commission (the "SEC"). As previously indicated, the Annual Report includes the results of the review of the Company's accounting related to certain revenue contracts, as well as the application of standalone selling price under applicable accounting standards. The Company also announced that it filed a Form 12b-25 Notification of Late Filing on August 15, 2025 because it was unable to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 (the "Form 10-Q") by August 14, 2025, the original due dat

Quantum Corporation (NASDAQ:QMCO) today announced the strategic expansion of its distribution model across the high-growth technology markets of China, India, and the ASEAN region. Building on Quantum's strong foundation laid in the Asia-Pacific market, this expansion is designed to meet increasing demand for advanced data protection and management solutions, particularly as the growth of AI, machine learning, and unstructured data reshapes how organizations operate. To scale growth potential faster and more efficiently, Quantum has entered into exclusive distribution agreements with four regional leaders: ChangHong IT (CHIT) in China, Rashi Peripherals Limited in India, Hibino Graphics C

InfiniStor offers unmatched affordability, 19 nines of data durability, and S3 simplicity with local hosting, transparent pricing, and unlimited data access Quantum Corporation (NASDAQ:QMCO) today announced that ASI Solutions, a premier IT services provider in Australia and New Zealand, has launched ASI Cloud InfiniStor, a groundbreaking cloud storage platform built on Quantum ActiveScale® object storage. Tailored for New Zealand organizations, InfiniStor delivers secure, cost-effective, and locally hosted storage with unparalleled reliability and transparency. With nearly 40 years of serving public sector and enterprise clients, ASI Solutions developed InfiniStor to meet the demand for

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B. Riley Securities downgraded Quantum from Buy to Neutral and set a new price target of $4.00

Oppenheimer downgraded Quantum from Outperform to Perform

Northland Securities initiated coverage of Quantum with a rating of Outperform and set a new price target of $12.00

Oppenheimer initiated coverage of Quantum with a rating of Outperform and set a new price target of $11.00

Northland Capital Markets initiated coverage of Quantum with a rating of Outperform and set a new price target of $12.00

Northland Securities initiated coverage of Quantum with a rating of Outperform

Oppenheimer initiated coverage of Quantum with a rating of Outperform and set a new price target of $11.00

Oppenheimer initiated coverage of Quantum with a rating of Outperform

B. Riley resumed coverage of Quantum with a rating of Buy and set a new price target of $15.00 from $10.00 previously

Leadership Team Executing Steps to Improve Operational and Financial Performance. Quantum Corporation (NASDAQ:QMCO) ("Quantum" or the "Company"), today announced financial results for its fiscal first quarter 2026 ended June 30, 2025. Management Commentary "Since my recent appointment in June, I've been dedicating a significant portion of my time toward conducting in-depth reviews of the business operations with our internal teams as well as meeting with key customers and partners," stated Hugues Meyrath, CEO of Quantum. "Leveraging extensive industry experience and my familiarity of the Company as a board member, the Company has implemented immediate and ongoing actions aimed at furt

Quantum® Corporation (NASDAQ:QMCO) ("Quantum" or the "Company"), a leader in solutions for unstructured data, today announced it will release financial results for its fiscal first quarter 2026 on Wednesday, September 10, 2025, after the markets close. Hugues Meyrath, Chief Executive Officer, and Laura Nash, Chief Accounting Officer, will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss the Company's financial results and business outlook. Analysts and investors are invited to join the conference call using the following information: Date: Wednesday, September 10, 2025 Time: 5:00 p.m. ET (2:00 p.m. PT) Conference Call Number: 1-866-424-3436 Internat

Quantum Corporation (NASDAQ:QMCO) today announced the filing of its Annual Report on Form 10-K for the fiscal year ended March 31, 2025, with the U.S. Securities and Exchange Commission (the "SEC"). As previously indicated, the Annual Report includes the results of the review of the Company's accounting related to certain revenue contracts, as well as the application of standalone selling price under applicable accounting standards. The Company also announced that it filed a Form 12b-25 Notification of Late Filing on August 15, 2025 because it was unable to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 (the "Form 10-Q") by August 14, 2025, the original due dat

Quantum Corporation (NASDAQ:QMCO), today announced that it has filed a Notification of Late Filing on Form 12b-25 with respect to its Annual Report on Form 10-K for the fiscal year ended March 31, 2025. As such, the planned release of the Company's fiscal 2025 financial results today and the business update conference call originally scheduled to be held on Thursday, July 3, 2025 will be delayed. The Company is reviewing its accounting related to certain revenue contracts as well as the application of standalone selling price under applicable accounting standards. The results of the review will need to be reflected in its financial statements for fiscal 2025 in the Company's Annual Report

Quantum® Corporation (NASDAQ:QMCO) ("Quantum" or the "Company") today announced it will release financial results for its fiscal fourth quarter and full year 2025 on Monday, June 30, 2025, after the markets close. Newly appointed Chief Executive Officer, Hugues Meyrath, and Chief Financial Officer, Lewis Moorehead, will host a Business Update conference call and review of the Company's fiscal 2025 financial results on Thursday, July 3, 2025 at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time). Analysts and investors are invited to join the conference call using the following information: Conference Call Date: Thursday, July 3, 2025 Time: 8:30 a.m. ET (5:30 a.m. PT) Conference Call Numbe

Issued on behalf of Scope Technologies Corp.USA News Group News Commentary VANCOUVER, BC, March 13, 2025 /PRNewswire/ -- We are marching towards a quantum computing reality faster than ever. In the latest groundbreaking achievement, scientists just unveiled Aurora, a quantum computer that operates at room temperature—one of the biggest leaps so far toward scalable quantum computing. But with great leaps, come even greater vulnerabilities, with what security experts have dubbed as "q-day", the day when quantum computing power gets into the hands of bad actors. Europol (a multinational EU security organization) already urgently imploring financial institutions and policymakers to prioritize th

Execution on Business Transformation Drives Significant Year-Over-Year Improvements Takes Initial Step on Path Toward Becoming Debt-Free Quantum Corporation (NASDAQ:QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, announced today financial results for its fiscal third quarter 2025 ended December 31, 2024. Fiscal Third Quarter 2025 Financial Summary Revenue increased to $72.6 million Subscription ARR was up 29% year-over-year at $21.3 million GAAP gross profit increased to $31.8 million, or gross margin of 43.8% GAAP net loss was $71.4 million, or ($14.56) per share, which included a non-cash adjustment of $61.6 million to the fair mar

Quantum® Corporation (NASDAQ:QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, today announced it will release financial results for its fiscal third quarter 2025 on Wednesday, February 12, 2025, after the markets close. Jamie Lerner, Chairman and Chief Executive Officer, and Kenneth Gianella, Chief Financial Officer and Chief Operating Officer, will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss the Company's financial results. Analysts and investors are invited to join the conference call using the following information: Date: Wednesday, February 12, 2025 Time: 5:00 p.m. ET (2:00 p.m. PT) Conference Call Num

Quantum Corporation (NASDAQ:QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, announced today financial results for its fiscal second quarter 2025 ended September 30, 2024. Fiscal Second Quarter 2025 Financial Summary Revenue was $70.5 million GAAP gross profit was $29.3 million, or 41.5% of revenue GAAP net loss was $13.5 million, or ($2.82) per share Subscription ARR was up 28% year-over-year at $19.6 million Adjusted non-GAAP net loss was $8.7 million, or ($1.82) per share Adjusted EBITDA was approximately breakeven "Sales bookings and customer win rates for the quarter were consistent with our overall business expectations as

Quantum® Corporation (NASDAQ:QMCO) ("Quantum" or the "Company"), the pioneer in end-to-end data management solutions designed for the AI era, today announced it will release financial results for its fiscal second quarter 2025 on Wednesday, November 13, 2024, after the markets close. Jamie Lerner, Chairman and Chief Executive Officer, and Kenneth Gianella, Chief Financial Officer and Chief Operating Officer, will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss the Company's financial results. Analysts and investors are invited to join the conference call using the following information: Date: Wednesday, November 13, 2024 Time: 5:00 p.m. ET (2:00 p.m.

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Industry veteran to lead North American sales strategy, fueling growth and expanding Quantum's market impact Quantum Corporation (NASDAQ:QMCO), a leader in solutions for unstructured data, today announced the appointment of seasoned sales executive Gregg Pugmire as Vice President of Americas Sales. In this role, Pugmire will lead Quantum's sales strategy and execution across the U.S., Canada, and Latin America, accelerating growth and expanding customer adoption of the company's end-to-end data management solutions that support the entire lifecycle, from ingest and collaboration to data protection, backup, and long-term archive. Pugmire brings more than 30 years of experience delivering

Quantum Corporation (NASDAQ:QMCO) today announced the appointment of two accomplished executives, James C. Clancy and Tony J. Blevins, to its Board of Directors. Their addition reflects the Company's continued commitment to further strengthening the Board of Directors and executive management team. With these appointments, the total number of directors will expand to seven members. "Jim and Tony are both exceptional leaders, with multiple decades of experience in their respective fields," commented Hugues Meyrath, CEO of Quantum. "Jim is highly regarded as a proven and dynamic sales leader with deep data protection domain expertise, and Tony is a seasoned and accomplished supply chain man

Ken Gianella brings 25+ years of financial experience in the technology sector to Ouster's Executive Team Ouster, Inc. (NASDAQ:OUST) ("Ouster" or the "Company"), a leading global provider of high-performance lidar sensors and software solutions for the automotive, industrial, robotics, and smart infrastructure industries, announced today the appointment of Kenneth Gianella as Chief Financial Officer, effective May 19, 2025. Ken will succeed interim CFO Chen Geng, who will continue at the Company as Senior Vice President, Strategic Finance & Treasurer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250429226707/en/Ouster CFO Ken

Signals Next Step in Transforming Go-to-Market Growth Initiatives in Data Management for the AI Era Appoints John Fichthorn to the Board and Lewis Moorehead as Chief Financial Officer Quantum Corporation (NASDAQ:QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, today announced several strategic developments to provide financial and operational flexibility, facilitate growth initiatives, and better serve the evolving data needs of today's AI-driven organizations. Dialectic Capital Management, an investment management firm, has purchased all of Quantum's $51 million of outstanding term debt previously held by Blue Torch Capital. With this transfer, John

Quantum Corporation (NASDAQ:QMCO), a leader in solutions for AI and unstructured data, provided additional updates on its business. Fiscal Fourth Quarter 2024 Liquidity Update Quantum's unaudited cash and long-term debt balances as of March 31, 2024, are provided below: Cash and cash equivalents were $26.1 million. Outstanding term loan debt was $87.9 million, Outstanding borrowings under the revolving credit facility was $26.6 million, Total interest expense for the three-month period ended March 31, 2024, was $4.1 million. Quantum has not completed preparation of its financial statements for the fourth quarter and full fiscal year ended March 31, 2024. The unaudited fin

TEL AVIV, Israel, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Radware® (NASDAQ:RDWR), a leading provider of cyber security and application delivery solutions, today announced that it has appointed Mr. Alex Pinchev to serve as an independent director of Radware's Board of Directors. Mr. Pinchev will serve as a member of the Board until the company's next annual meeting of shareholders when his appointment will be up to a shareholder vote. "Mr. Pinchev brings a wealth of experience to Radware's board," said Yuval Cohen, chairman of Radware's Board of Directors. "His proven track record in managing successful global businesses brings a valuable perspective to Radware's strategy as we remain focused

Provides Preliminary Third Quarter Fiscal 2023 Revenue Above High-end of Guidance SAN JOSE, Calif., Jan. 10, 2023 /PRNewswire/ -- Quantum Corporation (NASDAQ:QMCO), a leader in providing technology solutions for organizations to more effectively manage video and other unstructured data, announced the appointment of Kenneth Gianella as its Chief Financial Officer effective January 12, 2023.  Ken succeeds Mike Dodson, who will remain with the Company to assist in the transition in an advisory role until August 2023.  "I'm very pleased to add Ken to our executive team.  His deep

Directors to contribute extensive expertise in end-to-end data management solutions SAN JOSE, Calif., Sept. 26, 2022 /PRNewswire/ -- Quantum Corporation (NASDAQ:QMCO) (Quantum or the Company) announced today the appointment of Don Jaworski and Hugues Meyrath to the Board of Directors, effective November 9, 2022. "As a fundamental part of executing on our strategic vision and generating value for shareholders, we are committed to maintaining an engaged board comprised of individuals with a deep understanding of the market trends and expanding opportunities for Quantum's solutio

Neumeyer's extensive corporate finance and governance experience will bring unique shareholder perspective to the Board SAN JOSE, Calif., Aug. 22, 2022 /PRNewswire/ -- Quantum Corporation (NASDAQ:QMCO) (Quantum or the Company) announced today that Mr. Christopher D. Neumeyer has joined its Board of Directors. Mr. Neumeyer joins Quantum's Board as the Company increases its focus on executing strategic initiatives designed to accelerate EBITDA growth. His addition to the Board underscores Quantum's commitment to deliver improved financial performance and shareholder value. Mr. N

SAN JOSE, Calif., Sept. 29, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ:QMCO) today announced that Emily White has joined the company's Board of Directors. White's extensive experience in data science and analytics will be instrumental in Quantum's mission to help organizations manage and enrich their data in order to drive their businesses forward. White joins Quantum's board as the company expands its solutions portfolio to securely orchestrate data as it moves through its lifecycle and across multiple storage platforms from the edge, to on-premises locations, to the c