December 21, 2014 4:43 AM ET

Technology Hardware, Storage and Peripherals

Company Overview of Quantum Corporation

Company Overview

Quantum Corporation provides scale-out storage, archive, and data protection solutions for small businesses to major enterprises in the Americas, Europe, and the Asia Pacific. Its scale-out storage and archive products include StorNext File System software, which provides file sharing, storage, and archive for content workflows, digital libraries, and data repositories; StorNext Storage Manager software that automatically copies and migrates data between different tiers of storage based on user-defined policies; StorNext appliances that offer predictable file sharing and in purpose-built configurations of metadata controllers, expansion appliances, and disk and archive enabled libraries; and...

224 Airport Parkway

Suite 300

San Jose, CA 95110

United States

Founded in 1980

1,290 Employees

Phone:

408-944-4000

Key Executives for Quantum Corporation

Chief Executive Officer
Age: 52
Total Annual Compensation: $600.0K
Chief Financial Officer
Age: 44
Total Annual Compensation: $347.3K
Senior Vice President of Product Operations
Total Annual Compensation: $351.0K
Senior Vice President of Strategy
Total Annual Compensation: $348.6K
Senior Vice President of Worldwide Sales & Marketing
Age: 55
Total Annual Compensation: $364.6K
Compensation as of Fiscal Year 2014.

Quantum Corporation Key Developments

Quantum Corporation Presents at Benchmark's Micro Cap Discovery One-on-One Conference, Dec-11-2014

Quantum Corporation Presents at Benchmark's Micro Cap Discovery One-on-One Conference, Dec-11-2014 . Venue: The Palmer House Hilton, 17 E. Monroe, Chicago, IL 60603, United States. Speakers: Jonathan W. Gacek, Chief Executive Officer, President and Director, Linda M. Breard, Chief Financial Officer, Chief Accounting Officer and Senior Vice President of Finance, IT & Facilities.

Quantum Corporation Extends its Line of High-Performance StorNext Pro Solutions

Quantum Corporation has extended its line of high-performance StorNext Pro Solutions with the introduction of StorNext Pro Foundation, a low-cost, integrated shared storage system designed specifically for smaller workgroups. Built on proven StorNext 5 collaboration and workflow software, StorNext Pro Foundation brings the capabilities of Quantum's StorNext Pro Solutions to a new audience of media professionals in post and broadcast as well as those managing corporate and government video. Complete, High-Performance Solution: Ready to deploy within new or existing networks, StorNext Pro Foundation gives smaller production workgroups a high-performance, attractively priced solution for managing content from ingest to delivery to archive. The underlying StorNext 5 platform enables extreme versatility to ensure that, as customers' workflows evolve, the solution will provide the power to meet their needs for content ingest from multiple sources, collaborative content creation, on-time delivery in any format and content preservation for future monetization. Full Xsan Compatibility: StorNext Pro Foundation provides full Xsan compatibility, enabling smaller workgroups -such as ad agencies, corporate video production departments and houses of worship that create significant amounts of video -to refresh or upgrade their Xsan storage; and current StorNext users can also leverage StorNext Pro Foundation to add smaller workgroups for graphics, rendering and EFX. Configurations and Support: StorNext Pro Foundation comes in either 48TB or 96TB configurations, which respectively support five and seven simultaneous Xsan/Windows/Linux SAN clients, including two Windows/Linux SAN clients as core system components; either configuration can support up to four file systems (volumes) comprising 100 million files; the 48TB configuration is upgradable to 96TB; customers have the option of purchasing a StorNext AEL500 tape archive with either the 48TB or the 96TB configuration; and StorNext Pro Foundation includes one year of Quantum support with 30-minute phone response.

Quantum Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2014; Provides Earnings Guidance for the Third Quarter and Fiscal Year of 2015

Quantum Corporation reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the company’s total revenue was $135,106,000 against $131,479,000 a year ago. Income from operations was $3,845,000 against loss from operations of $4,965,000 a year ago. Income before income taxes was $1,604,000 against loss before income taxes $7,359,000 a year ago. Net income was $1,248,000 or nil basic and diluted share against loss of $7,893,000 or $0.03 per basic and diluted loss per share a year ago. Non-GAAP net income was $6,765,000 or $0.03 basic and diluted per share against net loss of $1,880,000 or $0.02 basic and diluted per share a year ago. Non-GAAP income from operations was $9,362,000 against $1,048,000 a year ago. For the six months, the company’s total revenue was $263,234,000 against $279,328,000 a year ago. Income from operations was $2,338,000 against loss from operations of $770,000 a year ago. Loss before income taxes was $2,472,000 against $3,688,000 a year ago. Net loss was $3,076,000 or $0.01 per basic and diluted share against $4,612,000 or $0.02 per basic and diluted share a year ago. Net cash provided by operating activities was $8,551,000 against net cash used in operating activities of $8,228,000 a year ago. Purchases of property and equipment were $1,912,000 against $3,226,000 a year ago. Non-GAAP net income was $9,144,000 or $0.04 basic and diluted per share against loss of $9,540,000 or $0.04 basic and diluted per share a year ago. Non-GAAP income from operations was $14,558,000 against $14,922,000 a year ago. For the third quarter of 2015, revenue of approximately $145 million to $150 million, GAAP net income of $7.9 million to $8.9 million, or $0.03 per diluted share, non-GAAP net income of $11 million to $12 million, or $0.04 per diluted share. Non-GAAP gross margin of approximately 45%. Non-GAAP operating income of $14 million to $15 million. The company also expects interest expense of $2.5 million, taxes of $500,000 and non-GAAP net income of $11 million to $12 million or $0.04 per diluted share. For the fiscal 2015, Quantum has raised the lower end of its revenue guidance for the full fiscal year and increased its net income and earnings per share guidance. The company now expects Revenue of approximately $545 million to $550 million, GAAP net income of $8.9 million to $9.9 million, or $0.03-$0.04 per diluted share, Non-GAAP net income of $24 million to $25 million, or $0.08-$0.09 per diluted share. Non-GAAP gross margin of approximately 45%. Non-GAAP operating income of $35 million to $36 million. With lower operating expenses, the company expects operating income, net income and EPS to be higher than original guidance. The company expects interest expense of $10 million.

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