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Quantum Corporation (0A7S.L)

LSE - LSE Delayed price. Currency in USD
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1.4210-0.1790 (-11.19%)
At close: 02:32PM BST
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  • R
    Robin
    MMMmmmmmmmm….
    4/22/2022 PACIFIC INVESTMENT MANAGEMENT CO... Bought 10.2 Million shares of Quantum Corp
    4/30/2022 NEUBERGER BERMAN INVESTMENT ADVI... Bought 9.8 Million shares of Quantum Corp
    3/31/2022 LONG FOCUS CAPITAL MANAGEMENT LL... Bought 2.0 Million shares of Quantum Corp
  • S
    Sue
    Revenue increased 3.0% year-over-year to $95.2 million

    Backlog remained near record level of over $60 million

    Number of active subscription customers grew 39% sequentially and 190% year-over-year to 356

    Gross margin increased 110 basis points sequentially to 38.0%

    Adjusted EBITDA of $0.4 million, which was above the midpoint of guidance

    Strengthened balance sheet with oversubscribed Rights Offering, generating gross proceeds of $67.5 million, reducing outstanding debt and resetting all debt covenants to more favorable levels
  • R
    Robin
    Just the facts…
    are very pleased to have completed our Rights Offering. We saw overwhelming support from our shareholders, directors, and officers resulting in our being oversubscribed," commented Jamie Lerner, Chairman and CEO of Quantum. "The proceeds enable us to strengthen our balance sheet, reducing our debt by $20 million and adding over $45 million to our cash position. Additionally, with the cooperation of our supporting banks, we have reset all debt covenants to more favorable levels while increasing our revolving line of credit by $10 million to $40 million. These steps establish a stronger financial footing for the Company during these ongoing supply constrained times, allowing us to maintain our focus on growing revenue and fulfilling the increasing demand for our storage solutions."
  • K
    KingerXI
    Lerner has a lot of credibility to rebuild. I hope he starts tomorrow by saying the company has been able to source enough chips and are working on filling all backorders. Management consistently fumbles the ball at the goal line despite great technology.
  • F
    FG
    I am afraid you are right, maybe this time is different. Hope he uses the trust of his shareholders who have supported his team with oversubscribed rights offer
  • B
    Brent
    10M shares traded with a high of $1.84 Friday?
  • J
    John
    you all think I'm FOS, but what I'm saying is coming true, what exec staff has been saying is what's FOS. Will be under 1.00 by 7/31 then into reverse split territory. If Lerner is so good why would he not be loading up at this price? Because he is losing control and needs to get out of the way and let a real leader take over.
  • I
    Its All
    QMCO 08/01/2018 $2.02
    QMCO 06/22/2022 $1.58
    Let’s go, Jamie!
    👏🏽 👏🏽 👏🏽👏🏽👏🏽
  • I
    Its All
    QMCO cash & cash equivalents (including restricted cash) is only $5.5M! Uh oh. 😬
  • I
    Its All
    Constant share dilution & reverse splits, or chapter 7. What’s born every minute? MMMmmmmmmmm…
  • J
    John
    dream on folks, I'll get back in around 50 cent and load up prior to the reverse split. See you then!
  • J
    John
    https://finance.yahoo.com/news/quantum-nasdaq-qmco-shareholders-endured-134620928.html
    Basically, the same thing I've been saying, all they talk about is revenue, they could double revenue but if they keep losing money what good is that? They are cutting cost to save 1 mill per qtr, what good is that when they are burning through 20 mil per qtr. good news is it can only go down 25% more! If someone who can turn a company around doesn't take over soon, bankruptcy!!!
    Quantum Corporation ( NASDAQ:QMCO ) shareholders should be happy to see the share price up 21% in the last month. But...
    Quantum Corporation ( NASDAQ:QMCO ) shareholders should be happy to see the share price up 21% in the last month. But...
    finance.yahoo.com
  • R
    Robin
    Neuberger Berman Group LLC increases ownership in QMCO / Quantum Corp
    Fintel Staff

    2022-02-14 17:13

    US:QMCO Neuberger Berman Group LLC increases ownership in QMCO / Quantum Corp
    Neuberger Berman Group LLC has filed a 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 7,101,332 shares of Quantum Corp (QMCO). This represents 11.95 percent ownership of the company. In their previous filing dated April 8, 2021, the investor reported owning 6,156,718 shares and 10.87 percent of the company, indicating an increase in shares of 15.34 percent and an increase in total ownership of 9.94 percent. The investor has filed 3 13D or G filings since April 8, 2021.

    Top holders of Quantum Corp sourced from 13F and NPORT filings include:

    • Neuberger Berman Group LLC with 7,101,332 shares (11.81% ownership)
  • J
    John
    Have been with this stock over 25 years, there will be bankruptcy or reverse split by year end, nothing else! Stop drinking the kool aid, this is a dead dog! They operate by issuing stock to survive, then taking it back with a reverse split, then repeat, all along padding their pockets with stock options. Look at the history for yourselves. Was 250 mill shares, reversed to 30 mill already back to 90 mill, preparing for a reverse.
  • J
    John
    earnings in 2 weeks, after that; this will go under $1, after that; delist or reverse split to avoid. Give me all the thumbs down you want; I've followed this stock over 25 years, the patterns are the same management makes lots of money, company loses. They have no game they are going nowhere, as I said before they bring in a million dollars a day and lose money consistently. Same management as before only the names have changed. See you back here on 6/9
  • J
    John
    another 52 week low today, earning will bring it down towards a dollar prompting delist or reverse split. The CEO only purchased a little over 4k shares during the offering (not much of a confidence builder). History is repeating itself with this company. They print money (stock) and borrow money to survive, what kind of business plan is that? How can you consistently bring in over a million a day in revenue and lose so much month after month. The excuses with supply chain, economy, etc are getting old everyone else has them IBM, HP, NetApp but they still make money qtr after qtr, time for new management , again!
  • Y
    Yahoo Finance Insights
    Quantum reached a 52 Week low at 1.73
  • Y
    Yahoo Finance Insights
    Quantum reached a 52 Week low at 1.78
  • Y
    Yahoo Finance Insights
    Quantum reached a 52 Week low at 1.82
  • Y
    Yahoo Finance Insights
    Quantum is up 10.00% to 2.20