Increase in Total Sales and Core Services
Total sales for the 3 months ended June 30, 2025, were $5.1 million, an increase of approximately $236,000 or 4.8%. Growth was driven by a 6.1% increase in cloud infrastructure and disaster recovery revenue and a 17.3% increase in Nexxis services.
Proposed Sale of CloudFirst Technologies
The proposed sale of CloudFirst Technologies for $40 million represents a substantial premium to the company's market cap. Net proceeds would be approximately $24 million, which could be returned to shareholders and reinvested in growth.
Strategic Growth Initiatives
Plans to reshape and rebrand Data Storage Corporation, focusing on AI, cybersecurity, and SaaS, with a commitment to continued growth and value creation regardless of the CloudFirst sale outcome.
Expansion in the U.K.
Investment in the U.K. with established operations and trained partner sales forces, indicating growth opportunities in the European market.