Quantum reports Q1 adjusted EPS ($1.58) vs ($1.59) last year

Reports Q1 revenue $64.3M, two estimates $70.07M. “Since my recent appointment in June, I’ve been dedicating a significant portion of my time toward conducting in-depth reviews of the business operations with our internal teams as well as meeting with key customers and partners,” stated Hugues Meyrath, CEO of Quantum (QMCO). “Leveraging extensive industry experience and my familiarity of the Company as a board member, the Company has implemented immediate and ongoing actions aimed at further improving the cost structure and balance sheet. Additionally, we have recently strengthened our executive team with key new hires in sales and marketing to execute on our revitalized go-to-market strategy, as well as expanded the Board with two newly appointed directors that each bring highly relevant industry experience.”