Quantum Corporation

Quantum Corporation reported Q3 2026 results with total revenue of $74.6 million, generating gross profit of $28.9 million (gross margin of 38.7%). The company recorded an operating loss of $1.2 million and a net loss of $27.8 million, primarily driven by a $28.9 million loss on debt extinguishment and $7.6 million change in fair value of warrant liabilities. Cash flow from operations was negative $37.4 million, while financing activities provided $35.6 million in cash, resulting in a net decrease in cash of $2.8 million to $16.6 million. The balance sheet shows total assets of $149.3 million against total liabilities of $333.5 million, resulting in stockholders' deficit of $184.2 million. Key financial metrics include basic and diluted net loss per share of $2.00, weighted average shares outstanding of 13.7 million, and total comprehensive loss of $27.8 million.

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