2017 Financial Releases
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Aug 31, 2017Quantum Corporation Board Appoints Raghu Rau as Executive Chairman
Also Announces Formation of a Strategy Committee SAN JOSE, Calif., Aug. 31, 2017 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that its board of directors has appointed current Chairman Raghu Rau to serve as Executive Chairman on a temporary basis. In this role, Mr. Rau will exercise more active operational and strategic oversight on behalf of the board, including participating in investor meetings and conferences and assisting Quantum's management team with engagement of key co... 
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Aug 24, 2017Quantum Corporation's Purchases of November 2017 Convertible Notes Now Total Approximately $13 Million
Company Also Confirms Plans to Redeem Remaining $57 Million With Existing Resources SAN JOSE, Calif., Aug. 24, 2017 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that it recently purchased $6 million of its convertible notes due November 2017 in the open market, bringing its total purchases of the notes to approximately $13 million over the last nine months, all on favorable terms. Following the recent $6 million purchase, the total outstanding balance on the company's conv... 
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Aug 14, 2017Quantum Corporation Board Unanimously Elects Raghu Rau as Chairman
SAN JOSE, Calif., Aug. 14, 2017 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that its board of directors has unanimously elected current director Raghu Rau as chairman, succeeding Paul Auvil, who will remain on the board. In addition, the company announced that Gregg Powers has resigned from the board, effective immediately. Quantum's Corporate Governance and Nominating Committee is also being reconstituted and will now consist of Mr. Rau, Clifford Press and Alex Pinchev as its... 
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Aug 10, 2017Quantum to Participate in Maxim Group Chicago Summer Conference
SAN JOSE, Calif., Aug. 10, 2017 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that Senior Vice President and CFO Fuad Ahmad will be conducting one-on-one institutional investor meetings at the Maxim Group Chicago Summer Conference to be held at Palmer House Hilton in Chicago on Wednesday, Aug. 16, 2017. About Quantum Quantum is a leading expert in scale-out tiered storage, archive and data protection, providing solutions for capturing, sharing and preserving digital asset... 
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Aug 09, 2017Quantum Corporation Reports Fiscal First Quarter 2018 Results
- Total revenue increased year-over-year to $116.9 million - Scale-out tiered storage revenue of $33.7 million, up 10% year-over-year - GAAP net loss of $0.11 per share, flat year-over-year - Non-GAAP earnings of $0.04 per diluted share, up $0.02 year-over-year SAN JOSE, Calif., Aug. 9, 2017 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today reported results for the fiscal first quarter 2018 ended June 30, 2017, and provided guidance for the fiscal second quarter and full year. ... 
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Jul 19, 2017Quantum Announces Fiscal First Quarter 2018 Results Conference Call
SAN JOSE, Calif., July 19, 2017 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that it will issue a news release on its financial results for the first quarter of fiscal 2018, ended June 30, 2017, on Wednesday, Aug. 9, 2017, after the close of the market. The company will hold a conference call to discuss these results. Conference Call Wednesday, Aug. 9, 2017, 2:00 p.m. PDT Dial-in Number U.S. and International: 503-343-6063 Participant Passcode: 55430824 Replay Numbers... 
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May 31, 2017Quantum Corporation Names Alex Pinchev to Board of Directors
SAN JOSE, Calif., May 31, 2017 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that its board of directors has approved the appointment of Alex Pinchev to the board. Pinchev is a 35-year information technology industry veteran who has held senior executive positions at a range of companies, including Rackspace, Red Hat and Acronis. He is currently founder, CEO and angel investor at Capri Ventures LLC, a strategic advisory services firm for technology startups, and also has many years o... 
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May 22, 2017Quantum to Participate in the 14th Annual Craig-Hallum Institutional Investor Conference
SAN JOSE, Calif., May 22, 2017 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that President and CEO Jon Gacek and Senior Vice President and CFO Fuad Ahmad will be conducting one-on-one institutional investor meetings at the 14th Annual Craig-Hallum Institutional Investor Conference to be held at The Depot Renaissance Minneapolis Hotel in Minneapolis, Minnesota on Wednesday, May 31, 2017. About Quantum Quantum is a leading expert in scale-o... 
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May 10, 2017Quantum Corporation Reports Fiscal Fourth Quarter and Full Year 2017 Results
SAN JOSE, Calif., May 10, 2017 /PRNewswire/ -- Full Year 2017 Highlights: Total revenue of $505 million, up 6% over fiscal 2016 Scale-out tiered storage revenue of $148 million, up 17% year-over-year Data protection revenue of $318 million, up 3% year-over-year GAAP net income of $4 million, an $80 million improvement over fiscal 2016 Non-GAAP net income of $16 million, a $19 million improvement over the prior year GAAP earnings per share of $0.11, com... 
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May 04, 2017Quantum Corporation Names Adalio Sanchez and Marc Rothman to Board of Directors
SAN JOSE, Calif., May 4, 2017 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced the appointments of Adalio Sanchez and Marc Rothman to Quantum's board of directors. Sanchez is a 35-year information technology industry veteran who spent most of his career at IBM Corp., including 16 years in senior executive and global general management roles. He is currently president of S Group Advisory LLC, a firm providing expertise and management consulting services. Rothman is executive vice pr... 
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Apr 26, 2017Quantum Announces Fiscal Fourth Quarter and Full Year 2017 Results Conference Call
SAN JOSE, Calif., April 26, 2017 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that it will issue a news release on its financial results for the fourth quarter and full year of fiscal 2017, ended March 31, 2017, on Wednesday, May 10, 2017, after the close of the market. The company will hold a conference call to discuss these results. Conference Call: Wednesday, May 10, 2017, 2:00 p.m. PDT Dial-in Number: +1 (503) 343-6063 (U.S. and International) Participant Passcod... 
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Mar 06, 2017Quantum to Present at the 29th Annual ROTH Conference
SAN JOSE, Calif., March 6, 2017 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that President and CEO Jon Gacek and Senior Vice President and CFO Fuad Ahmad will be presenting at the 29th Annual ROTH Conference to be held at The Ritz-Carlton, Laguna Niguel in Dana Point, California on Monday, March 13, 2017 at 9:00 a.m. PST. The Quantum management team will also be conducting one-on-one institutional investor meetings at the conference. Webcast A live and archived aud... 
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Mar 03, 2017Quantum Corporation and VIEX Capital Advisors Sign Agreement to Reconstitute Quantum Board to Consist of a Majority of New Directors
SAN JOSE, Calif., March 3, 2017 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that it has reached an agreement with VIEX Capital Advisors, LLC, which owns approximately 11 percent of outstanding shares of Quantum's common stock, to reconstitute the Quantum board of directors with a majority of new, independent directors over the next several months. Specifically, Quantum has committed to identify, within the next 90 days and subject to VIEX's approval, three new, independent and... 
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Feb 02, 2017Quantum Corporation Responds to VIEX's Nomination of Directors
SAN JOSE, Calif., Feb. 2, 2017 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today responded to the notice it received today from VIEX Capital Advisors, LLC nominating five candidates for election to Quantum's board of directors at the company's Annual Meeting of Stockholders: Quantum is committed to maintaining a highly qualified and experienced board that is focused on driving value for all stockholders. We seek at all times to work constructively with our stockholders and consider t... 
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Jan 25, 2017Quantum Corporation Reports Fiscal Third Quarter 2017 Results
Key Year-Over-Year Highlights: - Total revenue of $133.5 million, up 4% - Scale-out tiered storage revenue of $39.8 million, up 12% - GAAP net income of $5.0 million, a $5.8 million improvement - Non-GAAP net income of $6.6 million, a $1.8 million improvement SAN JOSE, Calif., Jan. 25, 2017 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today reported results for the fiscal third quarter 2017 ended Dec. 31, 2016 (all comparisons are relative to the fiscal third quarter 2016 unle... 
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Jan 12, 2017Quantum Announces Positive Preliminary Fiscal Third Quarter 2017 Results
SAN JOSE, Calif., Jan. 12, 2017 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced preliminary results for the fiscal third quarter 2017, ended Dec. 31, 2016 that were above the high end of the previously provided guidance range for both total revenue and profitability. The company currently expects: Total revenue of approximately $133 million, up from $128 million in the fiscal third quarter 2016.[1] For the first three quarters of fiscal 2017 (YTD), total revenue grew 8 percent ove... 
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Jan 05, 2017Quantum to Present at the 19th Annual Needham Growth Conference
SAN JOSE, Calif., Jan. 5, 2017 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that President and CEO Jon Gacek and Senior Vice President and CFO Fuad Ahmad will be presenting at the 19th Annual Needham Growth Conference to be held at the Lotte New York Palace Hotel in New York City on Thursday, Jan. 12, 2017 at 2:50 p.m. EST. The Quantum management team will also be conducting one-on-one institutional investor meetings at the conference.Webcast A live and archived audio webcast of th... 
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Note: In Q1 of fiscal 2014, Quantum identified an accounting error that impacted prior reporting periods. See Quantum’s Form 10-Q for that quarter (filed on August 9, 2013) for revised historical financials. In Q3 of fiscal 2017, Quantum identified an error related to the manner in which it had previously recognized costs for certain third-party maintenance contracts, which impacted prior reporting periods. See Quantum’s 10-Q for that quarter (filed on February 3, 2017) for revised historical financials.