Quantum Corporation Reports Q4 Beat, Provides Guidance
<p><a href='https://financialmodelingprep.com/financial-summary/QMCO'>Quantum Corporation (NASDAQ:QMCO) </a>reported its Q4 results, with EPS of ($0.05) coming in better than the Street estimate of ($0.07). Revenue was $95.2 million, compared to the Street estimate of $91.52 million.</p>
<p>While the company’s quarterly results and outlook continue to be impacted by supply chain headwinds, analysts at Oppenheimer are encouraged to see signs of tighter internal supply chain management and other adjustments, which should provide incremental production flexibility and gross margin relief going forward. </p>
<p>The analysts are also positive on management's efforts to cut OpEx given the uncertain macro environment and the recent rights offering, which provides improved financial stability. While encouraged by the plan in place, the analysts reiterated their perform rating on the company, remaining on the sidelines looking for better visibility into a more normal supply environment and management's ability to execute on near-term priorities including reduced spending, implementing price increases, sales expansion, and supply chain execution. </p>
<p>The company expects Q1/23 EPS to be in the range of ($0.05)-($0.03), compared to the Street estimate of ($0.03), and revenue in the range of $91-97 million, compared to the Street estimate of $93.5 million.</p>

NASDAQ:QMCO