Quantum Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2019; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2020
For the nine months, the company reported total revenue of $314,734,000 compared to $299,403,000 a year ago. Income from operations was $18,623,000 compared to loss from operations of $4,250,000 a year ago. Net loss was $1,373,000 or $0.04 per basic share compared to $33,386,000 or $0.94 per basic share a year ago.
For the fourth fiscal quarter of 2020, the Company expects revenues of $95 million plus or minus $5 million.
The company is adjusting its full-year outlook. Management now expects total revenues for fiscal 2020 to be $410 million plus or minus $5 million.