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Quantum Swings to Fiscal 2024 Loss, Revenue Drops; Q1 Guidance Set -- Shares Fall After Hours
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Quantum Swings to Fiscal 2024 Loss, Revenue Drops; Q1 Guidance Set -- Shares Fall After Hours
Jun 17, 2024 2:41 PM

05:16 PM EDT, 06/17/2024 (MT Newswires) -- Quantum (QMCO) reported a fiscal 2024 non-GAAP net loss late Monday of $0.29 per diluted share, compared with a gain of $0.03 per diluted share a year earlier.

Revenue for the year ended March 31 was $311.6 million, down from $422.1 million a year earlier.

For Q1, the company said it expects a non-GAAP basic net loss per share of $0.09, plus or minus $0.02, on revenue of between $70 million and $74 million.

No comparable estimates were available on Capital IQ.

The company's shares were falling past 33% in after-hours activity.

Price: 0.5195, Change: -0.26, Percent Change: -33.40

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