24/7 Market News Snapshot 10 September, 2025 – Quantum Corporation (NASDAQ:QMCO)

September 10, 2025

DENVER, Colo., 10 September, 2025 (www.247marketnews.com) – (NASDAQ:QMCO) are discussed in this article.
Quantum Corporation has recently reported its financial results for the first fiscal quarter of 2026, ending June 30, 2025, coinciding with notable market activity for its stock. Trading began at $8.25 but has since seen a downturn, with current levels at $7.145, marking a decline of around 10.58%. The trading volume reached 1.88 million shares, indicating increased investor interest amid these fluctuations.

The financial results disclosed revenues of $64.3 million, a decrease from the $72.3 million reported during the corresponding quarter in the previous year. This drop in revenue is a part of a strategic reset initiated by recently appointed CEO Hugues Meyrath. The company emphasized operational efficiency and a leaner cost structure, with operating expenses reduced by 19.5% year-over-year to $35.3 million, showcasing effective cost control measures. While gross profit also declined to $22.7 million and the company encountered a GAAP net loss of $17.2 million, the net loss per share declined, signaling an improvement in certain performance metrics.

In a proactive move to enhance its liquidity position, Quantum raised approximately $83 million in net proceeds from a standby equity purchase agreement. This infusion of capital reflects the company’s focus on debt reduction and fiscal stability. Looking forward, Quantum anticipates revenues for the second quarter to be approximately $61 million, with an ongoing commitment to achieving breakeven in adjusted EBITDA.

Meyrath expressed optimism regarding the company’s robust asset base and the factors contributing to its renewed market strategy. Through its commitment to advancing data management in an evolving technological landscape, Quantum aims to harness opportunities across various sectors and drive sustainable growth despite current market challenges.

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