Tape Media

Tape Drives

Ethernet LTO Tape Drives

Tandberg Data RDX QuikStor

Tandberg Data RDX QuikStation

HP RDX Removable Disk

Quantum SuperLoader 3

Quantum Scalar i3 LTO

Qualstar LTO Tape Libraries

Qualstar Q8 Tape Autoloader

Qualstar Q24 Tape Autoloader

Qualstar Q48 Tape Autoloader

Qualstar Q40 Tape Library

Qualstar Q80 Tape Library

Qualstar Tape Libraries

Overland NEO Tape Libraries

Overland NEOs StorageLoader

Overland NEOs T24 Loader

Overland NEOs T48 Library

Overland NEOxl 40 Series

Overland NEOxl 80 Series

Tape Drive Autoloaders

HP StoreEver Tape Libraries

HP StoreEver MSL3040

Archiware P5 Software

XenData LTO Archive

Facilis Technology

SnapServer XSR NAS Series

Nexsan Storage

ATTO SAS / Thunderbolt

Cables & Terminators

Barcode Labels

Turtle Storage Cases

Quantum Scalar i3 Warranty

Removable Disk Storage

Imation RDX

Imation RDX Bundles

Tandberg RDXLock WORM

Quantum RDX

HP RDX+ Bundles


Dell RD1000

Reconditioned Tape Drives

Custom Sequence Barcode Labels for all your Tape Media - DLT, SDLT AIT and LTO FREE LTO BARCODE LABELS

LTO-9 Tape Drives LTO-9 Tape Libraries Now Available

SymplyPro LTO Archiving Solutions LTO-8 and LTO-9

Browse by Manufacturer
Mailing Lists

Quantum: Fiscal 3Q14 Financial Results

Sales up 11% sequentially, down 8% yearly

(in US$ million) 3Q13 3Q14 9 mo. 13 9 mo. 14
Revenues 159.4 145.9 447.5 425.3
Growth   -8%   -5%
Net income (loss) (8.2) (2.4) (37.1) (7.0)


Quantum Corp. reported results for the third quarter of fiscal 2014, ended Dec. 31, 2013.


  • Total revenue of $146 million, up 11% sequentially
  • Sequential increase in branded tape automation and DXi revenue of 37% and 32%, respectively
  • 20% year-over-year growth in StorNext and related service revenue, driven by near doubling of North America sales
  • Year-over-year improvement in GAAP and non-GAAP net income of 70% and 27%, respectively, on 8% revenue decline

Revenue for the quarter was $145.9 million, down 8% from the third quarter of fiscal 2013, primarily due to lower tape automation revenue and a decline in DXi sales from the record DXi quarter a year earlier.

On a sequential basis, total revenue was up 11% and, as previously announced, above the high end of the guidance range provided in the company's Oct. 23, 2013 earnings announcement.

Product highlights included growth in StorNext and related service revenue of 20% year-over-year and 5% over the prior quarter, as well as sequential increases in branded Scalar tape automation and DXi sales of 37% and 32 percent, respectively.

On a GAAP basis, Quantum reported breakeven operating income for the quarter, better than the $5.7 million operating loss a year earlier, and had a net loss of $2.4 million, or $0.01 per diluted share, compared to a net loss of $8.2 million in the prior year, a 70% improvement. On a non-GAAP basis, the company generated $8.6 million of operating income, up $1.2 million year-over-year. Finally, it reported non-GAAP net income of $6.2 million, or $0.02 per diluted share, approximately $1.3 million, or 27 percent, higher than a year earlier. The operating and net income results were better than the high end of the third quarter guidance given in October.

"Our December quarter results reflect our focus on driving increased profitability and cash flow while capitalizing on revenue opportunities," said Jon Gacek, president and CEO, Quantum. "We reduced our GAAP operating expenses by 17% year-over-year - and 12% on a non-GAAP basis - improving our bottom-line results and helping us end the quarter with our highest cash balance in three years. At the same time we continued to increase our StorNext revenue, with particularly strong year-over-year growth driven by a near doubling of sales in North America, and improved our DXi and tape automation revenue performance over the prior quarter. Moving forward, we will maintain a balanced approach between growth and profit, building on our expanding product portfolio and market reach and the actions we've taken to reduce our cost structure."

Quantum generated $7.3 million in cash from operations in the quarter, ending the quarter with $82.8 million in total cash and cash equivalents.

For the fourth quarter of fiscal 2014, Quantum expects:

  • Revenue of approximately $125 million to $130 million.
  • GAAP gross margin of 42 to 43% and non-GAAP gross margin of 43 to 44 percent.
  • GAAP operating expenses of $60 million to $61 million and non-GAAP operating expenses of $55 million to $56 million.
  • Interest expense of $2.5 million and taxes of $500,000.

The company noted that its fourth quarter operating expense guidance is $10 million to $11 million lower than actual operating expenses on a GAAP basis in the comparable quarter a year ago and $7 million to $8 million lower on a non-GAAP basis. Quantum also reiterated that it expects approximately $16 million to $18 million of additional annual expense savings from the outsourcing of manufacturing operations and staffing reductions announced earlier this month to be reflected in the company's results beginning in the fiscal first quarter of 2015 (June 2014 quarter).

Business highlights for the December quarter include:

Based on the integration of the company's Lattus Object Storage with Rocket Arkivio data archiving software,it announced a new solution to reduce primary storage and backup costs by archiving static, unstructured data. Customers using the combined solution can save 30% or more in annual storage expenses and, in many cases, pay back their investment within a year.
The company introduced a new program enabling MSPs and VARs to expand their businesses with a cloud backup service powered by DXi virtual deduplication appliances and vmPRO backup software. Through capacity-based subscription pricing, the program allows MSPs and VARs to brand, market and sell cloud backup-as-a-service offerings that scale as their revenues grow, thereby reducing the need for large up-front capital expenditures on hardware.
The company and its Lattus Object Storage solution were named as finalists for 2014 Storage Visions Awards, which honor excellence and innovation in media and entertainment technology. The solution also received honorable mention in the Tiered Storage Product of the Year category at the 2013 Storage Virtualization Cloud Awards. At these same awards, the Quantum Alliance reseller program was also selected as Vendor's Reseller Channel Program of the Year.

Shopping Cart
Your cart is empty.

Tandberg Data RDX Quikstor Removable Disk Cartridges

RDX 10 Pack Promotion - celebrating 10 Years of RDX Technology

SnapSever XSR120 and XSR40 Available

Quantum Scalar i3 LTO-9 Now Available and Shipping

Free Shipping UPS Ground - $500 min. order

Repair Services - 6 Month Warranty Fast Turnaround

Outlet Center - Refurbished Tape Drives - 6 Month Warranty