Quantum Corp. Reports Q3 Loss, Provides Q4 Guidance
SAN JOSE, Calif. -- Quantum Corp. (QMCO) reported a net loss of $71.4 million for its fiscal third quarter ended December 31, 2023. This translates to a loss per share of $14.56.
Adjusting for non-recurring and restructuring expenses, Quantum Corp.'s losses amounted to 81 cents per share. Revenue for the quarter reached $72.6 million.
For the current quarter ending in March, Quantum Corp. projects a loss per share between $1.21 and $1.11. Revenue is anticipated to range from $64 million to $68 million.