Quantum Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2019. For the quarter, the company reported total revenue of $103,315,000 compared to $101,979,000 a year ago. Income from operations was $11,675,000 compared to loss from operations of $3,476,000 a year ago. Net income was $4,749,000 compared to loss of $4,286,000 a year ago. Basic earnings per share were $0.12 against loss of $0.12 a year ago. Diluted earnings per share were $0.10 against loss of $0.12 a year ago.

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.