Quantum Corporation

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Johnson Fistel Investigates Charter, Inspire Medical, Firefly Aerospace, and Quantum for Fiduciary Breaches

Johnson Fistel, PLLP is investigating potential claims on behalf of long-term shareholders of Charter Communications, Inspire Medical Systems, Firefly Aerospace, and Quantum Corporation against certain officers and directors for alleged breaches of fiduciary duty. Shareholders who have held shares continuously since prior to specified dates may seek corporate governance reforms, return of funds, and a court-approved incentive award at no cost. The investigations stem from pending securities class action complaints alleging that each company made materially false and misleading statements or failed to disclose material adverse facts, leading to investor losses when the truth emerged. For Charter Communications, the allegations involve downplaying the impact of the end of the Federal Communications Commission’s Affordable Connectivity Program on Internet customer trends and earnings. Inspire Medical is accused of overstating demand and readiness for its Inspire V sleep apnea device launch while concealing surplus inventory and incomplete training and billing preparations. Firefly Aerospace allegedly overstated demand for its Spacecraft Solutions and the viability of its Alpha rocket program in connection with its initial public offering, with a subsequent rocket stage loss further impacting the stock. Quantum Corporation is alleged to have improperly recognized revenue, necessitating a restatement of financial statements for the fiscal third quarter ended December 31, 2024.

CHTR ▼FLY ▼INSP ▼QMCO ▼

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Cloud & Digital Infrastructure▲2

Quantum Q4 Earnings Call Focuses on Backlog and AI Demand

Quantum Corporation reported fourth-quarter fiscal 2026 revenues of $78 million, up 27% year over year and above guidance by roughly $10 million, with an adjusted loss of $0.21 per share, narrower than the Zacks Consensus Estimate of a loss of $0.35. The company ended the quarter with a record $45 million backlog, far above its historical $8 million to $10 million range, largely due to constrained availability of disk and tape components. CEO Hugues Meyrath said tape library demand remains strong but IBM’s limited tape-drive supply is capping fulfillment, with backlog conversion expected to improve in the second half of fiscal 2027. Quantum also highlighted strong momentum in its ActiveScale object-storage platform, where revenues tripled year over year, driven by AI, high-performance computing, and large-scale data management workloads. After quarter-end, Quantum completed a $100 million private placement, used most of the proceeds to repay all term debt, and saw Dialectic Technologies convert its convertible notes into common stock, leaving the company with no outstanding debt and about $36.9 million of cash net of interest and fees. For the first quarter of fiscal 2027, Quantum guided revenues of about $75 million, plus or minus $2 million, indicating 17% year-over-year growth at the midpoint, with non-GAAP operating expenses of about $27 million and an adjusted net loss per share of negative $0.15.

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Cloud & Digital Infrastructure ▼Artificial Intelligence

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Quantum's Q4 Adjusted Loss Narrows Y/Y, Revenues Match Estimates

Quantum Corporation reported a fourth-quarter fiscal 2026 non-GAAP loss of 21 cents per share, considerably narrower than the Zacks Consensus Estimate of a loss of 35 cents and a loss of $1.98 per share in the year-ago quarter. Revenue rose 27% year over year to $78 million, meeting the consensus mark and exceeding management's guidance of $68 million. For the full fiscal year, revenue totaled $279.6 million, up 2% year over year. Non-GAAP gross margin declined to 35.7% from 39.8%, while non-GAAP operating expenses fell to $27.5 million from $29.4 million a year ago. Adjusted EBITDA reached $1 million, improving from a $3.9 million loss last year. The company guided for first-quarter fiscal 2027 revenue of $75 million and a non-GAAP net loss per share of 15 cents.

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01 Quantum Inc Reports Engineering Revenue Surge of Over 560% in Q2 2026

01 Quantum Inc announced that its engineering revenue for the second quarter of 2026 rose more than 560% from the prior year to less than $700,000, while expenses remained under $200,000. The company's cash position increased by more than $2 million to almost $3 million, and it received $22.5 million worth of qONE tokens as compensation from the qLABS Foundation. CEO Andrew Cheung highlighted partnerships with Hitachi and the qLABS Foundation that generate onetime development fees and ongoing royalty revenue, and he noted that the company's Quantum AI Wrapper technology has received a US patent allowance and will be demonstrated at the Toronto Machine Learning Summit.

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