04:43 PM EDT, 09/10/2025 (MT Newswires) -- Quantum (QMCO) reported a fiscal Q1 adjusted net loss late Wednesday of $1.58 per diluted share, wider than $1.57 per diluted share a year earlier.

A single analyst polled by FactSet expected $0.15.

Revenue for the year ended June 30 was $64.3 million, down from $72.3 million a year earlier.

A single analyst surveyed by FactSet expected $73.7 million.

For fiscal Q2 the company expects Non-GAAP adjusted basic net loss per share of $0.26, plus/minus $0.10 on revenue of $61 million, plus/minus $2 million.

A single analyst polled by FactSet expects a loss of $0.30 per share and revenue of $72.7 million.

Shares of Quantum were down more than 15% in after-hours activity.