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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Quantum Corporation | NASDAQ:QMCO | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.471 | 0.402 | 0.49 | 1 | 09:48:38 |
☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Quantum Corporation | ||
(Exact name of registrant as specified in its charter) |
Delaware | 94-2665054 | |||||||||||||
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |||||||||||||
224 Airport Parkway | Suite 550 | |||||||||||||
San Jose | CA | 95110 | ||||||||||||
(Address of Principal Executive Offices) | (Zip Code) |
(408) | 944-4000 | ||||
Registrant's telephone number, including area code |
(Former name, former address and former fiscal year, if changed since last report) |
Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||||||||
Common Stock, $0.01 par value per share | QMCO | Nasdaq Global Market |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. | x | Yes | ¨ | No | ||||||||||
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). | x | Yes | ¨ | No | ||||||||||
Large accelerated filer | ☐ | Accelerated filer | x | ||||||||
Non-accelerated filer | ☐ | Smaller reporting company | ☐ | ||||||||
Emerging growth company | ☐ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised | ||||||||||||||
☐ |
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). | ||||||||||||||
☐ | Yes | x | No |
Page | ||||||||
Item 1. | ||||||||
Item 2. | ||||||||
Item 3. | ||||||||
Item 4. | ||||||||
Item 1. | ||||||||
Item 1A. | ||||||||
Item 6. | ||||||||
June 30, 2022 | March 31, 2022 | ||||||||||
Assets | |||||||||||
Current assets: | |||||||||||
Cash and cash equivalents | $ | 26,528 | $ | 5,210 | |||||||
Restricted cash | 255 | 283 | |||||||||
Accounts receivable, net of allowance for doubtful accounts of $195 and $422 | 64,909 | 69,354 | |||||||||
Manufacturing inventories | 32,642 | 33,546 | |||||||||
Service parts inventories | 25,129 | 24,254 | |||||||||
Prepaid expenses | 10,715 | 7,853 | |||||||||
Other current assets | 4,574 | 4,697 | |||||||||
Total current assets | 164,752 | 145,197 | |||||||||
Property and equipment, net | 14,093 | 12,853 | |||||||||
Intangible assets, net | 8,420 | 9,584 | |||||||||
Goodwill | 12,969 | 12,969 | |||||||||
Right-of-use assets, net | 10,641 | 11,107 | |||||||||
Other long-term assets | 10,796 | 9,925 | |||||||||
Total assets | $ | 221,671 | $ | 201,635 | |||||||
Liabilities and Stockholders’ Deficit | |||||||||||
Current liabilities: | |||||||||||
Accounts payable | $ | 33,867 | $ | 34,220 | |||||||
Deferred revenue | 74,267 | 86,517 | |||||||||
Long-term debt, current portion | 5,000 | 4,375 | |||||||||
Accrued compensation | 14,531 | 16,141 | |||||||||
Other accrued liabilities | 14,157 | 16,562 | |||||||||
Total current liabilities | 141,822 | 157,815 | |||||||||
Deferred revenue | 40,196 | 41,580 | |||||||||
Revolving credit facility | 17,300 | 17,735 | |||||||||
Long-term debt, net of current portion | 69,195 | 89,448 | |||||||||
Operating lease liabilities | 9,932 | 9,891 | |||||||||
Other long-term liabilities | 12,013 | 11,849 | |||||||||
Total liabilities | 290,458 | 328,318 | |||||||||
Commitments and contingencies (Note 9) | |||||||||||
Stockholders' deficit | |||||||||||
Preferred stock, 20,000 shares authorized; no shares issued and outstanding | — | — | |||||||||
Common stock, $0.01 par value; 125,000 shares authorized; 90,606 and 60,433 shares issued and outstanding | 907 | 605 | |||||||||
Additional paid-in capital | 714,128 | 645,038 | |||||||||
Accumulated deficit | (781,123) | (770,903) | |||||||||
Accumulated other comprehensive loss | (2,699) | (1,423) | |||||||||
Total stockholders’ deficit | (68,787) | (126,683) | |||||||||
Total liabilities and stockholders’ deficit | $ | 221,671 | $ | 201,635 |
Three Months Ended June 30, | |||||||||||
2022 | 2021 | ||||||||||
Revenue: | |||||||||||
Product | $ | 60,211 | $ | 52,131 | |||||||
Service and subscription | 33,423 | 32,831 | |||||||||
Royalty | 3,440 | 4,137 | |||||||||
Total revenue | 97,074 | 89,099 | |||||||||
Cost of revenue: | |||||||||||
Product | 47,921 | 38,741 | |||||||||
Service and subscription | 15,105 | 13,080 | |||||||||
Total cost of revenue | 63,026 | 51,821 | |||||||||
Gross profit | 34,048 | 37,278 | |||||||||
Operating expenses: | |||||||||||
Research and development | 12,125 | 11,291 | |||||||||
Sales and marketing | 15,962 | 13,952 | |||||||||
General and administrative | 12,314 | 11,825 | |||||||||
Restructuring charges | 725 | 266 | |||||||||
Total operating expenses | 41,126 | 37,334 | |||||||||
Loss from operations | (7,078) | (56) | |||||||||
Other income (expense), net | 751 | (198) | |||||||||
Interest expense | (2,091) | (3,886) | |||||||||
Loss on debt extinguishment | (1,392) | — | |||||||||
Net loss before income taxes | (9,810) | (4,140) | |||||||||
Income tax provision | 410 | 13 | |||||||||
Net loss | $ | (10,220) | $ | (4,153) | |||||||
Deemed dividend on warrants | (389) | — | |||||||||
Net loss attributable to common stockholders | $ | (10,609) | $ | (4,153) | |||||||
Net loss per share attributable to common stockholders | $ | (0.13) | $ | (0.07) | |||||||
Weighted average shares - basic and diluted | 83,641 | 57,129 | |||||||||
Net loss | $ | (10,220) | $ | (4,153) | |||||||
Foreign currency translation adjustments, net | (1,276) | 267 | |||||||||
Total comprehensive loss | $ | (11,496) | $ | (3,886) |
Three Months Ended June 30, | |||||||||||
2022 | 2021 | ||||||||||
Operating activities | |||||||||||
Net loss | $ | (10,220) | $ | (4,153) | |||||||
Adjustments to reconcile net loss to net cash provided by (used in) operating activities | |||||||||||
Depreciation and amortization | 2,586 | 1,809 | |||||||||
Amortization of debt issuance costs | 336 | 1,004 | |||||||||
Loss on debt extinguishment | 992 | — | |||||||||
Provision for product and service inventories | 1,631 | 976 | |||||||||
Stock-based compensation | 3,069 | 3,201 | |||||||||
Other | (1,469) | 326 | |||||||||
Changes in assets and liabilities: | |||||||||||
Accounts receivable, net | 4,677 | 15,207 | |||||||||
Manufacturing inventories | (412) | (3,769) | |||||||||
Service parts inventories | (1,384) | (588) | |||||||||
Accounts payable | (175) | (3,178) | |||||||||
Accrued restructuring charges | 39 | (454) | |||||||||
Accrued compensation | (1,610) | (4,852) | |||||||||
Deferred revenue | (13,634) | (6,306) | |||||||||
Other current assets | (2,739) | (5,291) | |||||||||
Other non-current assets | (261) | 41 | |||||||||
Other current liabilities | 64 | (1,545) | |||||||||
Other non-current liabilities | 164 | 706 | |||||||||
Net cash used in operating activities | (18,346) | (6,866) | |||||||||
Investing activities | |||||||||||
Purchases of property and equipment | (3,036) | (1,150) | |||||||||
Deferred business acquisition payment | (2,000) | — | |||||||||
Net cash used in investing activities | (5,036) | (1,150) | |||||||||
Financing activities | |||||||||||
Repayments of long-term debt and payment of amendment fees | (20,846) | (463) | |||||||||
Borrowings of credit facility | 109,740 | 56,544 | |||||||||
Repayments of credit facility and payment of amendment fees | (110,575) | (56,544) | |||||||||
Proceeds from issuance of common stock, net | 66,324 | — | |||||||||
Net cash provided by financing activities | 44,643 | (463) | |||||||||
Effect of exchange rate changes on cash, cash equivalents and restricted cash | 29 | (14) | |||||||||
Net change in cash, cash equivalents and restricted cash | 21,290 | (8,493) | |||||||||
Cash, cash equivalents, and restricted cash at beginning of period | 5,493 | 33,137 | |||||||||
Cash, cash equivalents, and restricted cash at end of period | $ | 26,783 | $ | 24,644 | |||||||
Cash, Cash Equivalents and Restricted Cash at end of period | |||||||||||
Cash and cash equivalents | $ | 26,528 | $ | 19,102 | |||||||
Restricted cash, current | 255 | 542 | |||||||||
Restricted cash, long-term | — | 5,000 | |||||||||
Cash, cash equivalents and restricted cash at the end of period | $ | 26,783 | $ | 24,644 | |||||||
Supplemental disclosure of cash flow information | |||||||||||
Cash paid for interest | $ | 1,863 | $ | 2,860 | |||||||
Cash paid for income taxes, net | $ | 115 | $ | 294 | |||||||
Non-cash transactions | |||||||||||
Purchases of property and equipment included in accounts payable | $ | 133 | $ | 146 | |||||||
Transferred of manufacturing inventory to services inventory | $ | 890 | $ | 411 | |||||||
Transfer of manufacturing inventory to property and equipment | $ | 193 | $ | 65 | |||||||
Paid-in-kind interest | $ | 319 | $ | — | |||||||
Deemed dividend on warrants | $ | 389 | $ | — |
Common Stock | Additional Paid-in Capital | Accumulated Deficit | Accumulated Other Comprehensive Income (Loss) | Total Stockholders' Deficit | ||||||||||||||||||||||||||||||||||
Three Months Ended | Shares | Amount | ||||||||||||||||||||||||||||||||||||
Balance, March 31, 2021 | 56,915 | $ | 570 | $ | 626,664 | $ | (738,623) | $ | (856) | $ | (112,245) | |||||||||||||||||||||||||||
Net loss | — | — | — | (4,153) | — | (4,153) | ||||||||||||||||||||||||||||||||
Foreign currency translation adjustments, net | — | — | — | — | 267 | 267 | ||||||||||||||||||||||||||||||||
Shares issued under employee stock purchase plan | 365 | 3 | (3) | — | — | — | ||||||||||||||||||||||||||||||||
Stock-based compensation | — | — | 3,201 | — | — | 3,201 | ||||||||||||||||||||||||||||||||
Balance, June 30, 2021 | 57,280 | $ | 573 | $ | 629,862 | $ | (742,776) | $ | (589) | $ | (112,930) | |||||||||||||||||||||||||||
Balance, March 31, 2022 | 60,433 | $ | 605 | $ | 645,038 | $ | (770,903) | $ | (1,423) | $ | (126,683) | |||||||||||||||||||||||||||
Net loss | — | — | — | (10,220) | — | (10,220) | ||||||||||||||||||||||||||||||||
Foreign currency translation adjustments, net | — | — | — | — | (1,276) | (1,276) | ||||||||||||||||||||||||||||||||
Shares issued under employee stock purchase plan | 173 | 2 | (2) | — | — | — | ||||||||||||||||||||||||||||||||
Shares issued in connection with rights offering, net | 30,000 | 300 | 66,023 | — | — | 66,323 | ||||||||||||||||||||||||||||||||
Stock-based compensation | — | — | 3,069 | — | — | 3,069 | ||||||||||||||||||||||||||||||||
Settlement of warrant down round provision | — | — | 389 | — | — | 389 | ||||||||||||||||||||||||||||||||
Deemed dividend on warrants | — | — | (389) | — | — | (389) | ||||||||||||||||||||||||||||||||
Balance, June 30, 2022 | 90,606 | $ | 907 | $ | 714,128 | $ | (781,123) | $ | (2,699) | $ | (68,787) |
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Note 9: | ||||||||
Note 10: |
Three Months Ended June 30, | |||||||||||
2022 | 2021 | ||||||||||
Americas1 | |||||||||||
Primary storage systems | $ | 11,414 | $ | 7,194 | |||||||
Secondary storage systems | 22,719 | 16,712 | |||||||||
Device and media | 4,972 | 6,521 | |||||||||
Service and subscription | 20,145 | 20,193 | |||||||||
Total revenue | 59,250 | 50,620 | |||||||||
EMEA | |||||||||||
Primary storage systems | 2,846 | 2,777 | |||||||||
Secondary storage systems | 7,844 | 7,760 | |||||||||
Device and media | 5,063 | 5,381 | |||||||||
Service and subscription | 11,017 | 10,813 | |||||||||
Total revenue | 26,770 | 26,731 | |||||||||
APAC | |||||||||||
Primary storage systems | 1,298 | 1,341 | |||||||||
Secondary storage systems | 2,475 | 3,733 | |||||||||
Device and media | 1,580 | 712 | |||||||||
Service and subscription | 2,261 | 1,825 | |||||||||
Total revenue | 7,614 | 7,611 | |||||||||
Consolidated | |||||||||||
Primary storage systems | 15,558 | 11,312 | |||||||||
Secondary storage systems | 33,038 | 28,205 | |||||||||
Device and media | 11,615 | 12,614 | |||||||||
Service and subscription | 33,423 | 32,831 | |||||||||
Royalty2 | 3,440 | 4,137 | |||||||||
Total revenue | $ | 97,074 | $ | 89,099 |
June 30, 2022 | ||||||||
Contract liabilities (deferred revenue) | $ | 114,463 | ||||||
Revenue recognized in the period from amounts included in contract liabilities at the beginning of the period | 31,789 |
Current | Non-Current | Total | ||||||||||||||||||
As of June 30, 2022 | $ | 98,394 | $ | 42,146 | $ | 140,540 |
June 30, 2022 | March 31, 2022 | ||||||||||
Finished goods | $ | 11,802 | $ | 14,607 | |||||||
Work in progress | 2,066 | 2,546 | |||||||||
Raw materials | 18,774 | 16,393 | |||||||||
Total manufacturing inventories | $ | 32,642 | $ | 33,546 |
June 30, 2022 | March 31, 2022 | ||||||||||
Finished goods | $ | 19,876 | $ | 19,234 | |||||||
Component parts | 5,253 | 5,020 | |||||||||
Total service parts inventories | $ | 25,129 | $ | 24,254 |
June 30, 2022 | March 31, 2022 | |||||||||||||||||||||||||||||||||||||
Gross | Accumulated Amortization | Net | Gross | Accumulated Amortization | Net | |||||||||||||||||||||||||||||||||
Developed technology | $ | 9,208 | $ | (3,955) | $ | 5,253 | $ | 9,208 | $ | (3,121) | $ | 6,087 | ||||||||||||||||||||||||||
Customer lists | 4,600 | (1,433) | 3,167 | 4,600 | (1,103) | 3,497 | ||||||||||||||||||||||||||||||||
Intangible assets, net | $ | 13,808 | $ | (5,388) | $ | 8,420 | $ | 13,808 | $ | (4,224) | $ | 9,584 |
Fiscal year ending | Estimated future amortization expense | |||||||
Remainder of 2023 | $ | 3,404 | ||||||
2024 | 3,417 | |||||||
2025 | 1,599 | |||||||
Thereafter | — | |||||||
Total | $ | 8,420 |
June 30, 2022 | March 31, 2022 | ||||||||||
Term Loan | $ | 78,417 | $ | 98,723 | |||||||
PNC Credit Facility | 17,300 | 17,735 | |||||||||
Less: current portion | (5,000) | (4,375) | |||||||||
Less: unamortized debt issuance costs (1) | (4,222) | (4,899) | |||||||||
Long-term debt, net | $ | 86,495 | $ | 107,184 |
Operating leases | June 30, 2022 | March 31, 2022 | ||||||||||||
Operating lease right-of-use asset | $ | 10,641 | $ | 11,107 | ||||||||||
1,521 | 1,727 | |||||||||||||
Operating lease liability | 9,932 | 9,891 | ||||||||||||
Total operating lease liabilities | $ | 11,453 | $ | 11,618 |
Three Months Ended June 30, | ||||||||||||||
Lease Cost | 2022 | 2021 | ||||||||||||
Operating lease cost | $ | 1,026 | $ | 1,135 | ||||||||||
Variable lease cost | 158 | 174 | ||||||||||||
Total lease cost | $ | 1,184 | $ | 1,309 |
Maturity of Lease Liabilities | Operating Leases | |||||||
Remainder of 2023 | $ | 2,139 | ||||||
2024 | 2,203 | |||||||
2025 | 1,940 | |||||||
2026 | 1,512 | |||||||
2027 | 1,411 | |||||||
Thereafter | 14,560 | |||||||
Total lease payments | $ | 23,765 | ||||||
Less: imputed interest | (12,312) | |||||||
Present value of lease liabilities | $ | 11,453 |
Lease Term and Discount Rate | June 30, 2022 | March 31, 2022 | ||||||||||||
Weighted average remaining operating lease term (years) | 11.18 | 10.88 | ||||||||||||
Weighted average discount rate for operating leases | 12.9 | % | 12.9 | % |
Three Months Ended June 30, | ||||||||
2022 | 2021 | |||||||
2,849 | 11,436 |
June 30, | ||||||||||||||||||||||||||
2022 | 2021 | |||||||||||||||||||||||||
Carrying Value | Fair Value | Carrying Value | Fair Value | |||||||||||||||||||||||
Term Loan | $ | 78,417 | $ | 78,417 | $ | 91,963 | $ | 97,047 | ||||||||||||||||||
PNC Credit Facility | 17,300 | 17,300 | — | — |
Three Months Ended June 30, | |||||||||||
(in thousands) | 2022 | 2021 | |||||||||
Total revenue | $ | 97,074 | $ | 89,099 | |||||||
Total cost of revenue (1) | 63,026 | 51,821 | |||||||||
Gross profit | 34,048 | 37,278 | |||||||||
Operating expenses | |||||||||||
Research and development (1) | 12,125 | 11,291 | |||||||||
Sales and marketing (1) | 15,962 | 13,952 | |||||||||
General and administrative (1) | 12,314 | 11,825 | |||||||||
Restructuring charges | 725 | 266 | |||||||||
Total operating expenses | 41,126 | 37,334 | |||||||||
Loss from operations | (7,078) | (56) | |||||||||
Other income (expense), net | 751 | (198) | |||||||||
Interest expense | (2,091) | (3,886) | |||||||||
Loss on debt extinguishment | (1,392) | — | |||||||||
Net loss before income taxes | (9,810) | (4,140) | |||||||||
Income tax provision | 410 | 13 | |||||||||
Net loss | $ | (10,220) | $ | (4,153) |
Three Months Ended June 30, | |||||||||||
(in thousands) | 2022 | 2021 | |||||||||
Cost of revenue | $ | 310 | $ | 293 | |||||||
Research and development | 1,158 | 1,532 | |||||||||
Sales and marketing | 451 | 500 | |||||||||
General and administrative | 1,150 | 876 | |||||||||
Total | $ | 3,069 | $ | 3,201 |
Three Months Ended June 30, | |||||||||||||||||||||||||||||||||||
(dollars in thousands) | 2022 | % of revenue | 2021 | % of revenue | $ Change | % Change | |||||||||||||||||||||||||||||
Product revenue | |||||||||||||||||||||||||||||||||||
Primary storage systems | $ | 15,558 | 16 | $ | 11,312 | 13 | $ | 4,246 | 38 | ||||||||||||||||||||||||||
Secondary storage systems | 33,038 | 34 | 28,205 | 32 | 4,833 | 17 | |||||||||||||||||||||||||||||
Devices and media | 11,615 | 12 | 12,614 | 14 | (999) | (8) | |||||||||||||||||||||||||||||
Total product revenue | 60,211 | 62 | 52,131 | 59 | 8,080 | 15 | |||||||||||||||||||||||||||||
Service and subscription | 33,423 | 34 | 32,831 | 37 | 592 | 2 | |||||||||||||||||||||||||||||
Royalty | 3,440 | 4 | 4,137 | 5 | (697) | (17) | |||||||||||||||||||||||||||||
Total revenue | $ | 97,074 | 100 | $ | 89,099 | 101 | $ | 7,975 | 9 |
Three Months Ended June 30, | |||||||||||||||||||||||||||||||||||
(dollars in thousands) | 2022 | Gross margin % | 2021 | Gross margin % | $ Change | Basis point change | |||||||||||||||||||||||||||||
Product | $ | 12,290 | 20.4 | $ | 13,390 | 25.7 | $ | (1,100) | (530) | ||||||||||||||||||||||||||
Service and subscription | 18,318 | 54.8 | 19,751 | 60.2 | (1,433) | (540) | |||||||||||||||||||||||||||||
Royalty | 3,440 | 100.0 | 4,137 | 100.0 | (697) | — | |||||||||||||||||||||||||||||
Gross profit | $ | 34,048 | 35.1 | $ | 37,278 | 41.8 | $ | (3,230) | (670) |
Three Months Ended June 30, | |||||||||||||||||||||||||||||||||||
(dollars in thousands) | 2022 | % of revenue | 2021 | % of revenue | $ Change | % Change | |||||||||||||||||||||||||||||
Research and development | $ | 12,125 | 12.5 | $ | 11,291 | 12.7 | $ | 834 | 7 | ||||||||||||||||||||||||||
Sales and marketing | 15,962 | 16.4 | 13,952 | 15.7 | 2,010 | 14 | |||||||||||||||||||||||||||||
General and administrative | 12,314 | 12.7 | 11,825 | 13.3 | 489 | 4 | |||||||||||||||||||||||||||||
Restructuring charges | 725 | 0.7 | 266 | 0.3 | 459 | 173 | |||||||||||||||||||||||||||||
Total operating expenses | $ | 41,126 | 42.4 | $ | 37,334 | 41.9 | $ | 3,792 | 10 |
Three Months Ended June 30, | |||||||||||||||||||||||||||||||||||
(dollars in thousands) | 2022 | % of revenue | 2021 | % of revenue | $ Change | % Change | |||||||||||||||||||||||||||||
Other income (expense) | $ | 751 | 1 | $ | (198) | — | $ | 949 | 479 | ||||||||||||||||||||||||||
Three Months Ended June 30, | |||||||||||||||||||||||||||||||||||
(dollars in thousands) | 2022 | % of revenue | 2021 | % of revenue | $ Change | % Change | |||||||||||||||||||||||||||||
Interest expense | (2,091) | 2 | (3,886) | 4 | 1,795 | 46 | |||||||||||||||||||||||||||||
Three Months Ended June 30, | |||||||||||||||||||||||||||||||||||
(dollars in thousands) | 2022 | % of revenue | 2021 | % of revenue | $ Change | % Change | |||||||||||||||||||||||||||||
Loss on debt extinguishment | (1,392) | 1 | — | — | (1,392) | n/a |
Three Months Ended June 30, | |||||||||||||||||||||||||||||||||||
(dollars in thousands) | 2022 | % of revenue | 2021 | % of revenue | $ Change | % Change | |||||||||||||||||||||||||||||
Income tax provision | $ | 410 | — | $ | 13 | — | $ | 397 | 3,054 |
Three Months Ended June 30, | |||||||||||
(in thousands) | 2022 | 2021 | |||||||||
Cash provided by (used in): | |||||||||||
Operating activities | $ | (18,346) | $ | (6,866) | |||||||
Investing activities | (5,036) | (1,150) | |||||||||
Financing activities | 44,643 | (463) | |||||||||
Effect of exchange rate changes | 29 | (14) | |||||||||
Net increase (decrease) in cash and cash equivalents and restricted cash | $ | 21,290 | $ | (8,493) |
Incorporated by Reference | ||||||||||||||||||||||||||||||||
Exhibit Number | Exhibit Description | Form | Filing Date | Exhibit | Filed or Furnished Herewith | |||||||||||||||||||||||||||
10.1 | 8-K | 4/27/22 | 10.1 | |||||||||||||||||||||||||||||
10.2 | 8-K | 4/27/22 | 10.2 | |||||||||||||||||||||||||||||
31.1 | X | |||||||||||||||||||||||||||||||
31.2 | X | |||||||||||||||||||||||||||||||
32.1 | X | |||||||||||||||||||||||||||||||
32.2 | X | |||||||||||||||||||||||||||||||
101.SCH | XBRL Taxonomy Extension Schema Document | X | ||||||||||||||||||||||||||||||
101.CAL | XBRL Taxonomy Extension Calculation Linkbase Document | X | ||||||||||||||||||||||||||||||
101.DEF | XBRL Taxonomy Extension Definition Linkbase Document | X | ||||||||||||||||||||||||||||||
101.LAB | XBRL Taxonomy Extension Label Linkbase Document | X | ||||||||||||||||||||||||||||||
101.PRE | XBRL Taxonomy Extension Presentation Linkbase Document | X | ||||||||||||||||||||||||||||||
104 | Cover page interactive data file, submitted using inline XBRL (contained in Exhibit 101) | X |
Quantum Corporation | ||||||||||||||
(Registrant) | ||||||||||||||
August 4, 2022 | /s/ James J. Lerner | |||||||||||||
(Date) | James J. Lerner | |||||||||||||
President, Chief Executive Officer and Chairman of the Board | ||||||||||||||
(Principal Executive Officer) | ||||||||||||||
August 4, 2022 | /s/ J. Michael Dodson | |||||||||||||
(Date) | J. Michael Dodson | |||||||||||||
Chief Financial Officer | ||||||||||||||
(Principal Financial Officer) | ||||||||||||||
1 Year Quantum Chart |
1 Month Quantum Chart |
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