SAN JOSE, Calif., Oct. 28, 2020 /PRNewswire/ -- Quantum
Corporation (NASDAQ: QMCO) today announced financial results for
its fiscal second quarter ended September
30, 2020.
Second Quarter Fiscal 2021 Financial Summary
- Revenue was $85.8 million
- Gross margin was 45.1%
- Total operating expenses decreased $4.1
million, or 10%, compared to the year ago quarter
- GAAP net loss of $4.6 million, or
$(0.11) per diluted share
- Adjusted net loss of $0.2
million, or $(0.01) per
diluted share
- Adjusted EBITDA of $8.9
million
Jamie Lerner, Chairman and CEO,
Quantum commented, "Our results in the second fiscal quarter
exceeded our forecasted outlook, benefitting from the strength of
our Federal government business, and solid sales execution. We are
seeing a gradual and steady recovery across most of our vertical
markets and key geographies, and simultaneously maintaining
discipline with our expenses while increasing our investment in
research and development to support the introduction of new
software products. The 300 basis point sequential improvement in
gross margins during the quarter, bolstered our Adjusted EBITDA to
$8.9 million, meaningfully exceeding
our guidance. Our pipeline remains strong, and we continue to
identify and pursue significant opportunities to help customers
manage video and other forms of unstructured data across its
lifecycle."
Mr. Lerner continued, "At our analyst and investor day in
August, we discussed Quantum's transformation over the next few
years to a more software-defined and recurring revenue driven model
that will drive margin enhancement and expansion of our addressable
market. On November 10, 2020 we take
the first step in this regard, with the launch of next generation
data management software to classify, visualize, and orchestrate
data, both on premise and in the cloud, along with new ways to
automate data movement in the highly anticipated release of
StorNext 7. These new solutions will enable our customers to gain
visibility into their data, derive new insights, and unlock more
business value from this data. All of these new offerings
will be available on a subscription basis, driving more predictable
revenue streams and improved margins for us in the future while
increasing our addressable market in the near-term."
Second Quarter of Fiscal 2021 vs. Prior-Year Quarter
Revenue was $85.8 million for the
second quarter of fiscal 2021, down 19% compared to $105.8 million in the year ago quarter and
exceeding Quantum's guidance. Business with Federal government
customers improved, partially offsetting COVID-19-related declines
in the Company's other vertical markets as well as challenges
related to fluctuating purchase cycles with hyperscaler
customers.
Gross profit in the second quarter of fiscal 2021 was
$38.7 million, or 45.1% gross margin,
compared to $43.5 million, or 41.1%
gross margin, in the year ago quarter. Gross margins improved year
over year primarily due to a more favorable mix of enterprise
products sold.
Total operating expenses in the second quarter of fiscal 2021
were $35.2 million, or 41.1% of
revenue, compared to $39.3 million,
or 37.2% of revenue, in the year ago quarter. Selling, general and
administrative expenses declined 3% to $23.4
million for the second quarter of fiscal 2021 compared to
$24.2 million in the year ago
quarter. Research and development expenses were $10.2 million in the second quarter of fiscal
2021, up 9% compared to $9.4 million
in the year ago quarter.
Net loss in the second quarter of fiscal 2021 was $4.6 million, or ($0.11) per basic and diluted share, compared to
a Net loss of $2.3 million, or
($0.06) per basic and diluted share,
in the year ago quarter.
Excluding stock compensation, restructuring charges and
non-recurring charges, Adjusted Net Loss in the second quarter of
fiscal 2021 was $0.2 million, or
($0.01) per diluted share, compared
to Adjusted Net Income of $5.1
million, or $0.11 per diluted
share, in the year ago quarter.
Adjusted EBITDA in the second quarter of fiscal 2021 decreased
$3.8 million to $8.9 million, compared to $12.7 million in the year-ago quarter.
For a full reconciliation of our GAAP to non-GAAP financial
results and additional cautionary language about the use of
non-GAAP financial measures, please see the tables below.
Balance Sheet and Liquidity
- Cash, cash equivalents, and restricted cash of $18.3 million as of September 30, 2020, compared to $12.3 million as of March
31, 2020. Both balances include $5.0
million in restricted cash required under the Company's
Credit Agreements, and $0.8 million
of short-term restricted cash.
- Outstanding debt as of September
30,2020 on a gross basis was $195.2
million and on a net basis was $172.4
million after netting $22.8
million in unamortized debt issuance costs. This compares to
$167.8 million of outstanding debt as
of March 31, 2020 on a gross basis,
and on a net basis was $154.1 million
after netting $13.7 million in
unamortized debt issuance costs.
- Total interest expense was $7.6
million for the three months ended September 30, 2020.
Outlook
For the third fiscal quarter of 2021, the
Company expects revenues of $93
million plus or minus $2
million. The Company expects Adjusted Net Loss to be
$1 million plus or minus $1 million and related Adjusted Net loss per
share of $(0.02) plus or minus
$0.02. Adjusted EBITDA is expected to
be $8 million plus or minus
$1 million.
Conference Call and Audio Webcast
Management will host
a live conference call today, October 28,
2020, at 4:30 p.m. ET
(1:30 p.m. PT) to discuss these
results. The conference call will be accessible by dialing
844-369-8770 (U.S. Toll-Free) or 862-298-0840 (International). The
conference call will be simultaneously webcasted on the investor
relations section of the Company's website at
http://investors.quantum.com under the events and
presentations tab.
A recording of the call will be available one hour after the end
of the conference call until Wednesday,
November 4, 2020 by dialing 877-481-4010 (U.S. Toll-Free) or
919-882-2331 (International) and providing playback passcode 38181.
A replay of the webcast will be available on the Company's website
for at least 90 days.
About Quantum
Quantum technology and services help
customers capture, create, and share digital content—and preserve
and protect it for decades. With solutions built for every stage of
the data lifecycle, Quantum's platforms provide the fastest
performance for high-resolution video, images, and industrial IoT.
That's why the world's leading entertainment companies, sports
franchises, researchers, government agencies, enterprises, and
cloud providers are making the world happier, safer, and smarter on
Quantum. Quantum is listed on Nasdaq (QMCO) and was added to
the Russell 2000® Index in 2020. For more information visit
www.quantum.com.
Quantum, and the Quantum logo, are registered trademarks of
Quantum Corporation and its affiliates in the United States and/or other countries. All
other trademarks are the property of their respective owners.
Forward-Looking Statements
This press release contains
"forward-looking" statements. Quantum advises caution in reliance
on forward-looking statements. If the risks or uncertainties ever
materialize or the assumptions prove incorrect, the results of
Quantum Corporation and its consolidated subsidiaries ("Quantum")
may differ materially from those expressed or implied by such
forward-looking statements and assumptions. All statements other
than statements of historical fact are statements that could be
deemed forward-looking statements, including but not limited to any
projections of revenue, margins, expenses, Adjusted EBITDA,
Adjusted Net Income (Loss), cash flows, or other financial items as
well as the anticipated impact of the COVID-19 pandemic on
Quantum's financial results; statements regarding pipeline, any
projections of the amount, timing or impact of cost savings or
restructuring charges and any resulting cost savings, revenue or
profitability improvements; any statements concerning the expected
development, performance, market share or competitive performance
relating to products or services; any statements regarding expected
trends in target markets and target customers, any statements of
expectation or belief; and any statements of assumptions underlying
any of the foregoing. Risks, uncertainties and assumptions include
the need to address the many challenges facing Quantum's
businesses; the competitive pressures faced by Quantum's
businesses; risks associated with executing Quantum's strategy; the
distribution of Quantum's products and the delivery of Quantum's
services effectively; the development and transition of new
products and services and the enhancement of existing products and
services to meet customer needs and respond to emerging
technological trends; estimates and assumptions related to the cost
(including any possible disruption of Quantum's business) and the
anticipated benefits of the transformation and restructuring plans;
the outcome of any claims and disputes; and other risks that are
described herein, including but not limited to the items discussed
in "Risk Factors" in Quantum's filings with the Securities and
Exchange Commission, including its Form 10-K filed with the
Securities and Exchange Committee on June
24, 2020. Quantum does not intend to update or alter its
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by applicable
law.
QUANTUM
CORPORATION
CONDENSED
CONSOLIDATED BALANCE SHEETS
(in thousands,
except per share amounts, unaudited)
|
|
|
September 30,
2020
|
|
March 31,
2020
|
Assets
|
|
|
|
Current
assets:
|
|
|
|
Cash and cash
equivalents
|
$
|
12,517
|
|
|
$
|
6,440
|
|
Restricted
cash
|
792
|
|
|
830
|
|
Accounts receivable,
net of allowance for doubtful accounts of $1,399 and $1,247 as of
September 30, 2020 and March 31, 2020, respectively
|
62,712
|
|
|
70,370
|
|
Manufacturing
inventories
|
35,882
|
|
|
29,196
|
|
Service parts
inventories
|
23,211
|
|
|
20,502
|
|
Other current
assets
|
8,330
|
|
|
8,489
|
|
Total current
assets
|
143,444
|
|
|
135,827
|
|
Property and
equipment, net
|
9,655
|
|
|
9,046
|
|
Restricted
cash
|
5,000
|
|
|
5,000
|
|
Right-of-use assets,
net
|
10,597
|
|
|
12,689
|
|
Other long-term
assets
|
4,585
|
|
|
3,433
|
|
Total
assets
|
$
|
173,281
|
|
|
$
|
165,995
|
|
Liabilities and
Stockholders' Deficit
|
|
|
|
Current
liabilities:
|
|
|
|
Accounts
payable
|
$
|
37,834
|
|
|
$
|
36,949
|
|
Deferred
revenue
|
73,101
|
|
|
81,492
|
|
Long-term debt,
current portion
|
1,388
|
|
|
7,321
|
|
Accrued
compensation
|
17,878
|
|
|
14,957
|
|
Other accrued
liabilities
|
14,750
|
|
|
17,535
|
|
Total current
liabilities
|
144,951
|
|
|
158,254
|
|
Deferred
revenue
|
33,249
|
|
|
37,443
|
|
Long-term debt, net
of current portion
|
171,010
|
|
|
146,847
|
|
Operating lease
liabilities
|
9,114
|
|
|
10,822
|
|
Other long-term
liabilities
|
11,197
|
|
|
11,154
|
|
Total
liabilities
|
369,521
|
|
|
364,520
|
|
|
|
|
|
Stockholders'
deficit
|
|
|
|
Preferred stock,
20,000 shares authorized; no shares issued as of September 30,
2020 and March 31, 2020, respectively
|
—
|
|
|
—
|
|
Common stock, $0.01
par value; 125,000 shares authorized; 40,740 shares issued and
outstanding as of September 30, 2020 and March 31, 2020,
respectively
|
408
|
|
|
399
|
|
Additional paid-in
capital
|
522,357
|
|
|
505,762
|
|
Accumulated
deficit
|
(718,492)
|
|
|
(703,164)
|
|
Accumulated other
comprehensive loss
|
(513)
|
|
|
(1,522)
|
|
Total stockholders'
deficit
|
(196,240)
|
|
|
(198,525)
|
|
Total liabilities and
stockholders' deficit
|
$
|
173,281
|
|
|
$
|
165,995
|
|
QUANTUM
CORPORATION
CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE
LOSS
(in thousands,
except per share amounts, unaudited)
|
|
|
Three Months Ended
September 30,
|
|
Six Months Ended
September 30,
|
|
2020
|
|
2019
|
|
2020
|
|
2019
|
Revenue:
|
|
|
|
|
|
|
|
Product
|
$
|
50,850
|
|
|
$
|
68,130
|
|
|
$
|
90,537
|
|
|
$
|
133,926
|
|
Service
|
31,494
|
|
|
32,401
|
|
|
61,880
|
|
|
65,781
|
|
Royalty
|
3,477
|
|
|
5,258
|
|
|
6,709
|
|
|
11,712
|
|
Total
revenue
|
85,821
|
|
|
105,789
|
|
|
159,126
|
|
|
211,419
|
|
Cost of
revenue:
|
|
|
|
|
|
|
|
Product
|
34,998
|
|
|
49,467
|
|
|
65,380
|
|
|
96,666
|
|
Service
|
12,089
|
|
|
12,799
|
|
|
24,160
|
|
|
25,404
|
|
Total cost of
revenue
|
47,087
|
|
|
62,266
|
|
|
89,540
|
|
|
122,070
|
|
Gross
profit
|
38,734
|
|
|
43,523
|
|
|
69,586
|
|
|
89,349
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
Research
and development
|
10,233
|
|
|
9,350
|
|
|
24,723
|
|
|
17,733
|
|
Sales
and marketing
|
13,153
|
|
|
14,824
|
|
|
21,825
|
|
|
30,680
|
|
General
and administrative
|
10,263
|
|
|
14,329
|
|
|
20,395
|
|
|
32,905
|
|
Restructuring charges
|
1,585
|
|
|
821
|
|
|
2,637
|
|
|
1,084
|
|
Total operating
expenses
|
35,234
|
|
|
39,324
|
|
|
69,580
|
|
|
82,402
|
|
Income from
operations
|
3,500
|
|
|
4,199
|
|
|
6
|
|
|
6,947
|
|
Other income
(expense), net
|
(312)
|
|
|
76
|
|
|
(697)
|
|
|
165
|
|
Interest
expense
|
(7,578)
|
|
|
(6,347)
|
|
|
(14,015)
|
|
|
(12,653)
|
|
Net loss before
income taxes
|
(4,390)
|
|
|
(2,072)
|
|
|
(14,706)
|
|
|
(5,541)
|
|
Income tax
provision
|
202
|
|
|
243
|
|
|
622
|
|
|
581
|
|
Net loss
|
$
|
(4,592)
|
|
|
$
|
(2,315)
|
|
|
$
|
(15,328)
|
|
|
$
|
(6,122)
|
|
|
|
|
|
|
|
|
|
Net loss per share -
basic and diluted
|
$
|
(0.11)
|
|
|
$
|
(0.06)
|
|
|
$
|
(0.38)
|
|
|
$
|
(0.17)
|
|
Weighted average
shares - basic and diluted
|
40,286
|
|
|
36,297
|
|
|
40,097
|
|
|
36,172
|
|
|
|
|
|
|
|
|
|
Net loss
|
$
|
(4,592)
|
|
|
$
|
(2,315)
|
|
|
$
|
(15,328)
|
|
|
$
|
(6,122)
|
|
Foreign currency
translation adjustments, net
|
722
|
|
|
(474)
|
|
|
1,009
|
|
|
(390)
|
|
Total comprehensive
loss
|
$
|
(3,870)
|
|
|
$
|
(2,789)
|
|
|
$
|
(14,319)
|
|
|
$
|
(6,512)
|
|
QUANTUM
CORPORATION
CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands,
unaudited)
|
|
|
Six Months Ended
September 30,
|
|
2020
|
|
2019
|
Operating
activities
|
|
|
|
Net loss
|
$
|
(15,328)
|
|
|
$
|
(6,122)
|
|
Adjustments to
reconcile net loss to net cash provided by (used in) operating
activities
|
|
|
|
Depreciation and
amortization
|
2,580
|
|
|
2,034
|
|
Amortization of debt
issuance costs
|
3,015
|
|
|
2,008
|
|
Long-term debt related
costs
|
167
|
|
|
—
|
|
Provision for product
and service inventories
|
3,588
|
|
|
3,442
|
|
Stock-based
compensation
|
4,549
|
|
|
3,352
|
|
Bad debt
expense
|
90
|
|
|
199
|
|
Deferred income
taxes
|
(15)
|
|
|
—
|
|
Unrealized foreign
exchange (gain) loss
|
1,193
|
|
|
(99)
|
|
Changes in assets and
liabilities:
|
|
|
|
Accounts receivable,
net
|
7,568
|
|
|
15,239
|
|
Manufacturing
inventories
|
(8,858)
|
|
|
(5,799)
|
|
Service parts
inventories
|
(4,333)
|
|
|
(1,180)
|
|
Accounts
payable
|
1,601
|
|
|
1,478
|
|
Accrued restructuring
charges
|
240
|
|
|
(2,576)
|
|
Accrued
compensation
|
2,922
|
|
|
(2,111)
|
|
Deferred
revenue
|
(12,584)
|
|
|
(15,582)
|
|
Other assets and
liabilities
|
(5,694)
|
|
|
(3,939)
|
|
Net cash used in
operating activities
|
(19,299)
|
|
|
(9,656)
|
|
Investing
activities
|
|
|
|
Purchases of property
and equipment
|
(1,434)
|
|
|
(1,315)
|
|
Net cash used in
investing activities
|
(1,434)
|
|
|
(1,315)
|
|
Financing
activities
|
|
|
|
Borrowings of
long-term debt, net of debt issuance costs
|
19,400
|
|
|
—
|
|
Repayments of
long-term debt
|
—
|
|
|
(825)
|
|
Borrowings of credit
facility
|
140,987
|
|
|
172,119
|
|
Repayments of credit
facility
|
(144,058)
|
|
|
(165,143)
|
|
Borrowings of payment
protection program
|
10,000
|
|
|
—
|
|
Payment of taxes due
upon vesting of restricted stock
|
—
|
|
|
(171)
|
|
Proceeds from issuance
of common stock
|
539
|
|
|
—
|
|
Net cash provided by
financing activities
|
26,868
|
|
|
5,980
|
|
Effect of exchange
rate changes on cash, cash equivalents and restricted
cash
|
(96)
|
|
|
72
|
|
Net change in cash,
cash equivalents and restricted cash
|
6,039
|
|
|
(4,919)
|
|
Cash, cash
equivalents, and restricted cash at beginning of period
|
12,270
|
|
|
16,855
|
|
Cash, cash
equivalents, and restricted cash at end of period
|
$
|
18,309
|
|
|
$
|
11,936
|
|
NON-U.S. GAAP FINANCIAL MEASURES
To provide investors with additional information regarding our
financial results, we have presented Adjusted EBITDA and Adjusted
Net Income (Loss), non-U.S. GAAP financial measures defined
below.
Adjusted EBITDA is a non-U.S. GAAP financial measure defined by
us as net loss before interest expense, net, provision for income
taxes, depreciation and amortization expense, stock-based
compensation expense, restructuring charges, long-term debt related
costs, costs related to the financial restatement and related
activities described in the Explanatory Paragraph and Note 2: –
Restatement in our Annual Report on Form 10-K for the year ended
March 31, 2019, and other
non-recurring expenses.
Adjusted Net Income (Loss) is a non-U.S. GAAP financial measure
defined by us as net loss before restructuring charges, stock-based
compensation expense, long-term debt related costs, costs related
to the financial restatement and related activities described in
the Explanatory Paragraph and Note 2: – Restatement in the Annual
Report on Form 10-K for the year ended March
31, 2019 and other non-recurring (income) expenses. The
Company calculates Adjusted Net Income (Loss) per Basic and Diluted
share using the Company's above-referenced definition of Adjusted
Net Income (Loss).
The Company considers non-recurring expenses to be expenses that
have not been incurred within the prior two years and are not
expected to recur within the next two years. Such expenses include
certain strategic and financial restructuring expenses.
We have provided below a reconciliation of Adjusted EBITDA and
Adjusted Net Income (Loss) to Net Income (Loss), the most directly
comparable U.S. GAAP financial measure. We have presented Adjusted
EBITDA because it is a key measure used by our management and the
board of directors to understand and evaluate our core operating
performance and trends, to prepare and approve our annual budget
and to develop short and long-term operating plans. In particular,
we believe that the exclusion of the amounts eliminated in
calculating Adjusted EBITDA can provide a useful measure for
period-to-period comparisons of our core business performance. We
believe Adjusted Net Income (Loss) and Adjusted Net Income (Loss)
per Basic and Diluted Share serve as appropriate measures to be
used in evaluating the performance of our business and help our
investors better compare our operating performance over multiple
periods. Accordingly, we believe that Adjusted EBITDA and Adjusted
Net Income (Loss) provide useful information to investors and
others in understanding and evaluating our operating results in the
same manner as our management and our board of directors.
Our use of Adjusted EBITDA and Adjusted Net Income (Loss) have
limitations as analytical tools, and you should not consider them
in isolation or as a substitute for analysis of our financial
results as reported under U.S. GAAP. Some of these limitations are
as follows:
- Although depreciation and amortization expense are non-cash
charges, the assets being depreciated and amortized may have to be
replaced in the future, and Adjusted EBITDA does not reflect cash
capital expenditure requirements for such replacements or for new
capital expenditure requirements;
- Adjusted EBITDA does not reflect: (1) interest and tax payments
that may represent a reduction in cash available to us; (2) capital
expenditures, future requirements for capital expenditures or
contractual commitments; (3) changes in, or cash requirements for,
working capital needs; (4) the potentially dilutive impact of
stock-based compensation expense; (5) potential future costs
related to our long-term debt; (6) potential future restructuring
expenses; or (6) potential future costs related to our financial
statement restatement and other related activities;
- Adjusted Net Income (Loss) does not reflect: (1) potential
future restructuring activities; (2) the potentially dilutive
impact of stock-based compensation expense; (3) potential future
costs related to our long-term debt; or (4) potential future costs
related to our financial statement restatement and other related
activities; and
- Other companies, including companies in our industry, may
calculate Adjusted EBITDA, Adjusted Net Income (Loss) or similarly
titled measures differently, which reduces its usefulness as a
comparative measure.
Because of these and other limitations, you should consider
Adjusted EBITDA and Adjusted Net Income (Loss) along with other
U.S. GAAP-based financial performance measures, including various
cash flow metrics and our U.S. GAAP financial results.
The following is a
reconciliation of Adjusted EBITDA to the most comparable U.S. GAAP
financial measure, Net Income (Loss) (in
thousands):
|
|
Three Months
Ended
|
|
Six Months
Ended
|
|
September 30,
2020
|
|
September 30,
2019
|
|
September 30,
2020
|
|
September 30,
2019
|
Net loss
|
$
|
(4,592)
|
|
|
$
|
(2,315)
|
|
|
$
|
(15,328)
|
|
|
$
|
(6,122)
|
|
Interest expense,
net
|
7,578
|
|
|
6,347
|
|
|
14,015
|
|
|
12,653
|
|
Provision for income
taxes
|
202
|
|
|
243
|
|
|
622
|
|
|
581
|
|
Depreciation and
amortization expense
|
1,295
|
|
|
1,013
|
|
|
2,580
|
|
|
2,034
|
|
Stock-based
compensation expense
|
2,591
|
|
|
2,365
|
|
|
4,549
|
|
|
3,352
|
|
Long-term debt
related costs
|
203
|
|
|
—
|
|
|
1,169
|
|
|
—
|
|
Restructuring
charges
|
1,585
|
|
|
821
|
|
|
2,637
|
|
|
1,084
|
|
Cost related to
financial restatement and related activities
|
—
|
|
|
4,188
|
|
|
—
|
|
|
12,179
|
|
Adjusted
EBITDA
|
$
|
8,862
|
|
|
$
|
12,662
|
|
|
$
|
10,244
|
|
|
$
|
25,761
|
|
|
|
|
|
|
|
|
|
The following is a
reconciliation of Adjusted Net Income (Loss) to the most comparable
U.S. GAAP financial measure, Net Loss (in
thousands):
|
|
Three Months
Ended
|
|
Six Months
Ended
|
|
September 30,
2020
|
|
September 30,
2019
|
|
September 30,
2020
|
|
September 30,
2019
|
Net loss
|
$
|
(4,592)
|
|
|
$
|
(2,315)
|
|
|
$
|
(15,328)
|
|
|
$
|
(6,122)
|
|
Restructuring
charges
|
1,585
|
|
|
821
|
|
|
2,637
|
|
|
1,084
|
|
Stock-based
compensation
|
2,591
|
|
|
2,365
|
|
|
4,549
|
|
|
3,352
|
|
Long-term debt
related costs
|
203
|
|
|
—
|
|
|
1,169
|
|
|
—
|
|
Cost related to
financial restatement and related activities
|
—
|
|
|
4,188
|
|
|
—
|
|
|
12,179
|
|
Adjusted
net income (loss)
|
$
|
(213)
|
|
|
$
|
5,059
|
|
|
$
|
(6,973)
|
|
|
$
|
10,493
|
|
Adjusted
net income (loss) per share:
|
|
|
|
|
|
|
|
Basic
|
$
|
(0.01)
|
|
|
$
|
0.14
|
|
|
$
|
(0.17)
|
|
|
$
|
0.29
|
|
Diluted
|
$
|
(0.01)
|
|
|
$
|
0.11
|
|
|
$
|
(0.17)
|
|
|
$
|
0.24
|
|
Weighted
average shares outstanding:
|
|
|
|
|
|
|
|
Basic
|
40,286
|
|
|
36,297
|
|
|
40,097
|
|
|
36,172
|
|
Diluted
|
40,286
|
|
|
44,923
|
|
|
40,097
|
|
|
43,032
|
|
Public Relations
Contact:
Bob
Wientzen
Quantum
Corporation
720-201-8125
bob.wientzen@quantum.com
|
Investor
Contact:
Rob Fink
FNK IR
646-809-4048
rob@fnkir.com
|
View original
content:http://www.prnewswire.com/news-releases/quantum-announces-fiscal-2021-second-quarter-financial-results-301162127.html
SOURCE Quantum Corp.