2016 Financial Releases
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Dec 01, 2016Quantum Purchases $5.4 Million of November 2017 Convertible Notes
SAN JOSE, Calif., Dec. 1, 2016 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that, over the last month, it has purchased $5.4 million of its convertible notes due November 2017 at a discount in the open market. The discount on the notes, along with the associated interest savings, resulted in a 6.625 percent yield to the company. This represents a gain in excess of 350 basis points relative to Quantum's cost of capital under its $80 million revolving credit facility with PNC Ban... 
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Nov 08, 2016Quantum to Present at the Craig-Hallum Alpha Select Conference
SAN JOSE, Calif., Nov. 8, 2016 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that Senior Vice President and CFO Fuad Ahmad will be presenting at the 7th Annual Craig-Hallum Alpha Select Conference to be held at the Sheraton New York Times Square Hotel in New York City on Wednesday, Nov. 16, 2016 at 2:10 p.m. EST. Ahmad will also be conducting one-on-one institutional investor meetings at the conference. About Quantum Quantum is a leading expert in scale-out storage, archiv... 
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Oct 26, 2016Quantum Corporation Reports Fiscal Second Quarter 2017 Results
Key Year-Over-Year Highlights: - Total revenue of $134.7 million, up 15% - Scale-out storage revenue of $46.7 million, up 56% - GAAP net income of $3.8 million, a $15.1 million improvement - Non-GAAP net income of $6.0 million, a $13.4 million improvement SAN JOSE, Calif., Oct. 26, 2016 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today reported results for the fiscal second quarter 2017 ended Sept. 30, 2016 (all comparisons are relative to the fiscal second quarter 2016 unles... 
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Oct 24, 2016Quantum to Present at the Needham Next-Gen Storage/Networking Conference
SAN JOSE, Calif., Oct. 24, 2016 /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 Needham Next-Gen Storage/Networking Conference to be held at the Millennium Broadway Hotel in New York City on Wednesday, Nov. 2, 2016 at 1:40 p.m. EDT. The Quantum management team will also be conducting one-on-one institutional investor meetings at the conference. Webcast A live and archived... 
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Oct 21, 2016Quantum Executes $170 Million Term Loan and Revolving Credit Facility Package
SAN JOSE, Calif., Oct. 21, 2016 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced definitive agreements with PNC Bank and TCW Direct Lending on a $170 million financing package consisting of: An $80 million revolving credit facility and an additional $20 million credit line available under an accordion feature, both with PNC. A $50 million term loan with TCW that will be drawn upon closing. A $20 million delayed draw term loan with TCW available through Dec. 31, 2017. Qua... 
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Oct 06, 2016Quantum Announces Preliminary Fiscal Second Quarter 2017 Revenue of $132M-$134M, Up 13-15% Year-Over-Year, With Over 50% Growth in Scale-out Storage
Company Also Currently Negotiating Definitive Agreements for a New Financing Package to Refinance Existing Line of Credit and Address November 2017 Convertible Notes SAN JOSE, Calif., Oct. 6, 2016 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced positive preliminary results for the fiscal second quarter 2017, ended Sept. 30, 2016. The company currently expects: Total revenue of approximately $132 million to $134 million, up from $117 million in the fiscal second quarter 2... 
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Aug 30, 2016Quantum to Participate in the 2nd Annual ROTH Datacenter Technology Corporate Access Day
SAN JOSE, Calif., Aug. 30, 2016 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that Senior Vice President and CFO Fuad Ahmad, and Vice President of Corporate Communications Brad Cohen, will be conducting one-on-one institutional investor meetings at the 2nd Annual ROTH Datacenter Technology Corporate Access Day to be held at The St. Regis San Francisco in San Francisco on Wednesday, Sept. 7, 2016. About Quantum Quantum is a leading expert in scale-out storage, archive and d... 
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Jul 27, 2016Quantum Corporation Reports Fiscal First Quarter 2017 Results
Year-Over-Year Highlights: - Total revenue growth of 5% - 20th consecutive quarter of year-over-year growth in scale-out storage revenue, up 11% - Data protection revenue growth of 6% - GAAP and non-GAAP improvement in bottom line performance of $7.0 million and $7.3 million, respectively SAN JOSE, Calif., July 27, 2016 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today reported results for the fiscal first quarter 2017 ended June 30, 2016 (all comparisons are relative to the f... 
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Jul 18, 2016Quantum Announces Fiscal First Quarter 2017 Results Conference Call
SAN JOSE, Calif., July 18, 2016 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that it will issue a news release on its financial results for the first quarter of fiscal 2017, ended June 30, 2016, on Wednesday, July 27, 2016, after the close of the market. The company will hold a conference call to discuss these results.Conference Call: Wednesday, July 27, 2016, 2:00 p.m. PDT Dial-in Number: +1 (503) 343-6063 (U.S. and International) Participant Passcode: 50251682 Replay Numbers: ... 
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May 19, 2016Quantum to Participate in the 13th Annual Craig-Hallum Institutional Investor Conference
SAN JOSE, Calif., May 19, 2016 /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 13th Annual Craig-Hallum Institutional Investor Conference to be held at The Depot Renaissance Minneapolis Hotel in Minneapolis, Minnesota on Wednesday, June 1, 2016.About Quantum Quantum is a leading expert in scale-out storage, archive and data protectio... 
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May 10, 2016Quantum Corporation Reports Fiscal Fourth Quarter and Full Year 2016 Results
Fiscal 2016 Scale-out Storage Revenue Grows 23% Over Prior Year to Record $126.5 Million SAN JOSE, Calif., May 10, 2016 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today reported results for the fiscal fourth quarter (FQ4) and full year 2016 (FY16) ended March 31, 2016. Total revenue was $120.0 million for FQ4 and $476.0 million for the year. These results were down from the comparable prior year periods, reflecting weakness in the enterprise storage market that has also impacted many other compa... 
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Apr 18, 2016Quantum Names Fuad Ahmad Chief Financial Officer
Executive Brings 25 Years of Financial Experience SAN JOSE, Calif., April 18, 2016 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that Fuad Ahmad has been appointed senior vice president and CFO, effective April 15, 2016. He brings 25 years of financial experience to the role, including over 12 years as a CFO for three different public and private companies. Ahmad is currently a partner at FLG Partners LLC, a leading CFO consulting and board advisory firm based in Silicon Va... 
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Apr 18, 2016Quantum Extends Bank Credit Facility to August 2017
Company Also Announces Positive Preliminary Fiscal Fourth Quarter 2016 Results SAN JOSE, Calif., April 18, 2016 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced it has amended its credit agreement with Wells Fargo Capital Finance, LLC to extend the availability of its credit line to August 10, 2017.* In addition to the amended credit agreement, Quantum also announced preliminary results for the fiscal fourth quarter 2016 ended March 31, 2016: Total revenue was appro... 
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Feb 25, 2016Quantum to Participate in Upcoming Investor Conferences
SAN JOSE, Calif., Feb. 25, 2016 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that President and CEO Jon Gacek is scheduled to participate in the following upcoming investor conferences: Northland Capital Markets Growth Conference Date: Wednesday, March 9, 2016 Location: Omni Berkshire Place, New York, New York Hosting One-on-One Investor Meetings 28th Annual ROTH Conference Date: Tuesday, March 15, 2016 Location: The Ritz-Carlton, Dana Point, California Presentation Ti... 
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Jan 28, 2016Quantum Corporation Reports Fiscal Third Quarter 2016 Results
Record Scale-out Storage Revenue of $35.7 Million GAAP Operating Profit of $2.0 Million SAN JOSE, Calif., Jan. 28, 2016 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today reported results for the fiscal third quarter 2016 ended Dec. 31, 2015. Fiscal Third Quarter 2016 Results: (All comparisons are relative to the fiscal third quarter 2015.) Revenue was $128.0 million, driven by continued strength in scale-out storage offset by overall weakness in the general storage market a... 
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Jan 13, 2016Quantum Announces Fiscal Third Quarter Results Conference Call
SAN JOSE, Calif., Jan. 13, 2016 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that it will issue a news release on its financial results for the third quarter of fiscal 2016, ended Dec. 31, 2015, on Thursday, Jan. 28, 2016, after the close of the market. The company will hold a conference call to discuss these results. Conference Call: Thursday, Jan. 28, 2016, 2:00 p.m. PST Dial-in Number: (719) 457-2083 (U.S. and International) Participant Passcode: 4726503 Re... 
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Jan 05, 2016Quantum to Present at the 18th Annual Needham Growth Conference
SAN JOSE, Calif., Jan. 5, 2016 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that President and CEO Jon Gacek will be presenting at the 18th Annual Needham Growth Conference to be held at the New York Palace Hotel in New York City on Thursday, Jan. 14, 2016 at 8:00 a.m. EST. Gacek will also be conducting one-on-one institutional investor meetings at the conference. Webcast A live and archived audio webcast of the company's presentation will be available on the Investor Events s... 
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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.