Quantum Full Year 2024 Earnings: US$0.43 loss per share (vs US$0.42 loss in FY 2023)

Quantum (NASDAQ:QMCO) Full Year 2024 Results

Key Financial Results

• Revenue: US$311.6m (down 25% from FY 2023).
• Net loss: US$41.3m (loss widened by 7.7% from FY 2023).
• US$0.43 loss per share (further deteriorated from US$0.42 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Quantum Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 6.3% growth forecast for the Tech industry in the US.

Performance of the American Tech industry.

The company's shares are down 27% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 5 warning signs for Quantum (of which 2 make us uncomfortable!) you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com