Overview

* FalconStor Q2 hybrid cloud ARR run-rate up 57% yr/yr

* Total revenue declines to $2.1 million, due to deal timing and consumption contracts

* Company reports net loss of $0.5 mln

Result Drivers

* SUBSCRIPTION MODEL - Strategic shift to subscription-based revenue models drives 57% increase in hybrid cloud ARR run-rate, per CEO Todd Brooks

* CONSUMPTION CONTRACTS - Increased role of monthly consumption contracts contributes to year-over-year revenue decline

* IBM ALIGNMENT - Strong alignment with IBM ecosystem and expanding global partnerships support long-term growth trajectory

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $2.10

Revenue mln

Q2 Net -$500,00

Income 0

Q2 $2.20

Operatin mln

g

Expenses

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)