2015 Financial Releases
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Dec 07, 2015Quantum to Participate in the 4th Annual ROTH Corporate Access Event
SAN JOSE, Calif., Dec. 7, 2015 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that CFO Linda Breard will be conducting one-on-one institutional investor meetings at the 4th Annual ROTH Utah Active & Healthy Lifestyle Corporate Access Event. The conference will be held at the Montage Deer Valley Ski Resort & Hotel in Park City, Utah on Thursday, Dec. 10, 2015. About Quantum Quantum is a leading expert in scale-out storage, archive and data protection, providing solutions... 
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Nov 16, 2015Quantum Pays Off Remaining Convertible Notes Due November 2015
SAN JOSE, Calif., Nov. 16, 2015 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that on Nov. 13, 2015, it repaid the remaining $3 million of its convertible notes due yesterday, at par plus interest. The company used its revolving $75 million credit facility with Wells Fargo Capital Finance, LLC to fund the repayment. "We have now eliminated all of the original $135 million in convertible debt that was due to mature this month, with roughly equal repayments having come from cash g... 
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Nov 03, 2015Quantum to Present at Needham Next-Gen Storage/Networking Conference
SAN JOSE, Calif., Nov. 3, 2015 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that President and CEO Jon Gacek and CFO Linda Breard will be presenting at the Needham Next-Gen Storage/Networking Conference to be held at the Millennium Broadway Hotel in New York City on Thursday, Nov. 5, 2015 at 4:30 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 the company's... 
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Oct 29, 2015Quantum Corporation Reports Fiscal Second Quarter 2016 Results
Scale-out Storage Growth Continues While Enterprise Market Environment Remains Challenging SAN JOSE, Calif., Oct. 29, 2015 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today reported results for the fiscal second quarter 2016 ended Sept. 30, 2015. Total revenue was $117.0 million, in line with the preliminary results the company announced earlier this month. Quantum ended the quarter with $7.8 million of backlog sales orders, significantly higher than its typical quarterly backlog of appr... 
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Oct 06, 2015Quantum Repays $81 Million in Convertible Notes Due November 2015
Company Also Reports Preliminary Revenue for Fiscal Second Quarter SAN JOSE, Calif., Oct. 6, 2015 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that on Oct. 5, 2015, it repaid approximately $81 million in convertible notes due Nov. 15, 2015, at par, and approximately $1 million in interest. To repay the notes -- all of which were held by one holder -- the company used approximately $66 million from its revolving $75 million credit facility with Wells Fargo Capital Fina... 
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Oct 06, 2015Quantum Receives Continued Listing Standard Notice From NYSE
SAN JOSE, Calif., Oct. 6, 2015 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that the New York Stock Exchange has notified the company that it is not in compliance with the NYSE's continued listing standard requiring that stocks trade at a minimum average closing price of $1 for 30 consecutive trading days. Under NYSE rules, Quantum has six months from receipt of the notification on Oct. 2, 2015, to comply with the listing standard. The company's stock will continue to be listed... 
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Sep 28, 2015Quantum Appoints Bassam Tabbara as Chief Technology Officer
Former Symform Cloud Storage Co-founder and Microsoft Technology Leader Brings Broad Vision to New Company Role SAN JOSE, Calif., Sept. 28, 2015 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced the appointment of Bassam Tabbara as chief technology officer, with responsibility for driving the company's long-term technology strategy as it builds on its leadership in scale-out storage, archive and data protection. Tabbara has more than 20 years of experience in strategic product ... 
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Aug 27, 2015Quantum to Participate in Upcoming Investor Conferences
SAN JOSE, Calif., Aug. 27, 2015 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that CEO Jon Gacek and CFO Linda Breard are scheduled to participate in the following upcoming investor conferences: 2015 Drexel Hamilton Telecom, Media and Technology Conference Date: Wednesday, Sept. 9, 2015 Location: The W Hotel, New York, New York Presentation Time: 9:40 a.m. EDT (6:40 a.m. PDT) Presenter and Hosting One-on-One Investor Meetings: CEO Jon Gacek ROTH Datacenter Technology Cor... 
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Jul 30, 2015Quantum Corporation Reports Fiscal First Quarter 2016 Results
Grows Scale-out Storage Revenue 54% Year-Over-Year Despite Impact of General Storage Market Weakness Across All Product Lines SAN JOSE, Calif., July 30, 2015 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today reported results for the fiscal first quarter 2016 ended June 30, 2015. Fiscal First Quarter 2016 Results (All comparisons are relative to the fiscal first quarter 2015.) Revenue was $110.9 million, a decrease of approximately $17 million, primarily driven by overall weaknes... 
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Jul 16, 2015Quantum Corporation Announces Preliminary Fiscal First Quarter Results
SAN JOSE, Calif., July 16, 2015 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced preliminary results for the fiscal first quarter 2016 ended June 30, 2015 (unless otherwise noted, all comparisons are relative to the fiscal first quarter 2015). The company's total revenue was approximately $111 million, down from $128 million a year earlier and below the company's May guidance of $125 million to $130 million. Quantum's scale-out storage and related service revenue grew year-over-yea... 
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May 14, 2015Quantum to Participate in the 12th Annual Craig-Hallum Institutional Investor Conference
SAN JOSE, Calif., May 14, 2015 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that CFO Linda Breard will conduct one-on-one meetings with investors at the 12th Annual Craig-Hallum Institutional Investor Conference to be held at The Depot Renaissance Minneapolis Hotel in Minneapolis, Minnesota on Wednesday, May 27, 2015. About Quantum Quantum is a leading expert in scale-out storage, archive and data protection, providing solutions for capturing, sharing and preserving di... 
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May 06, 2015Quantum Announces Resignation of Jeffrey Smith From Its Board of Directors and Appointment of Robert Andersen Pursuant to Starboard's Replacement Rights
SAN JOSE, Calif., May 6, 2015 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that effective May 6, 2015, Jeffrey C. Smith has resigned from Quantum's board of directors. Pursuant to the agreement between Starboard Value LP and Quantum dated July 28, 2014, Starboard has exercised its replacement rights to recommend that Robert J. Andersen be appointed to the board. Andersen, who will join the board as of May 6, currently serves as the chief financial officer of Tessera Technologies Inc... 
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May 06, 2015Quantum Corporation Reports Fiscal Fourth Quarter and Full Year 2015 Results
Fiscal 2015 Year-Over-Year Highlights: - Total revenue of $553.1 million, with branded revenue up 7% to $448.0 million after growing 20% in fourth quarter - Scale-out storage revenue up 74% to record $102.4 million, with 116% growth in fourth quarter - DXi deduplication revenue up 10% to $88.2 million, with 30% growth in fourth quarter - GAAP and non-GAAP net income of $16.8 million and $38.1 million, up $38.2 million and $24.4 million, respectively SAN JOSE, Calif., May 6, 2015... 
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Apr 09, 2015Quantum Corporation Announces Positive Preliminary Fiscal Fourth Quarter Results, With Strong Revenue Growth And Profit
- Total Revenue in Excess of $145 Million, Up Approximately 15% Year-over-Year - GAAP and Non-GAAP Diluted Earnings per Share of $0.04 and $0.06, Respectively, Up Significantly Year-over-Year - Branded Revenue of More Than $120 Million, Up Approximately 20% Year-over-Year - Scale-out Storage Revenue of More Than $30 Million, Up over 100% Year-over-Year - DXi Revenue of Approximately $25 million, Up Nearly 30% Year-over-Year SAN JOSE, Calif., April 9, 2015 /PRNewswire/ -- Quantum Corp.... 
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Mar 04, 2015Quantum To Participate In The Northland Growth Conference
SAN JOSE, Calif., March 4, 2015 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that President and CEO Jon Gacek and CFO Linda Breard will be conducting one-on-one institutional investor meetings at the Northland Growth Conference. The conference will be held at the Omni Berkshire Place in New York City on Wednesday, March 18, 2015. About Quantum Quantum is a leading expert in scale-out storage, archive and data protection, providing solutions for capturing, sharing and pr... 
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Feb 10, 2015Quantum To Present At The Cantor Fitzgerald 2015 Internet And Technology Conference
SAN JOSE, Calif., Feb. 10, 2015 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that President and CEO Jon Gacek and CFO Linda Breard will be presenting at the Cantor Fitzgerald 2015 Internet and Technology Conference to be held at Le Parker Meridien in New York City on Tuesday, Feb. 24, 2015 at 3:45 p.m. EST. The Quantum management team will also be conducting one-on-one institutional investor meetings at the conference. About Quantum Quantum is a leading expert in scale-out st... 
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Feb 02, 2015Quantum To Present At The Stifel Technology, Internet and Media Conference
SAN JOSE, Calif., Feb. 2, 2015 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that President and CEO Jon Gacek and CFO Linda Breard will be presenting at the Stifel Technology, Internet and Media Conference to be held at The Westin St. Francis in San Francisco on Tuesday, Feb. 10, 2015 at 8:00 a.m. PST. The Quantum management team will also be conducting one-on-one institutional investor meetings at the conference. About Quantum Quantum is a leading expert in scale-out sto... 
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Jan 29, 2015Quantum Corporation Reports Fiscal Third Quarter 2015 Results
Highlights: - Delivered Branded Revenue of $116 Million, Up 2% Year-over-Year - Grew Scale-out Storage Revenue 77% Year-over-Year to $27 Million - Increased DXi Deduplication Revenue 5% Year-over-Year to $24 Million - Generated GAAP and Non-GAAP Net Income of $7 Million and $11 Million, Up $9 Million and $5 Million Year-over-Year, Respectively Company Also Announces $50 Million Cash Repurchase of Convertible Notes Due November 2015 SAN JOSE, Calif., Jan. 29, 2015 /PRNewsw... 
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Jan 13, 2015Quantum Corporation Announces Preliminary Results For Fiscal Third Quarter 2015
- Total Revenue of Approximately $142 Million - GAAP and Non-GAAP Earnings Per Share of $0.03 and $0.04, Respectively - Scale-out Storage Revenue of Approximately $27 Million, an Increase of Nearly 80% Year-over-Year - DXi Deduplication Revenue of Approximately $24 Million, up 5% Year-over-Year SAN JOSE, Calif., Jan. 13, 2015 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced preliminary results for the fiscal third quarter 2015 ended Dec. 31, 2014 (unless otherwise noted, a... 
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Jan 05, 2015Quantum To Present At The 17th Annual Needham Growth Conference
SAN JOSE, Calif., Jan. 5, 2015 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that President and CEO Jon Gacek and CFO Linda Breard will be presenting at the 17th Annual Needham Growth Conference to be held at the New York Palace Hotel in New York City on Thursday, Jan. 15, 2015 at 10:40 a.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 the company's prese... 
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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.