Quantum Corporation (QMCO) Financial Statements (2024 and earlier)

Company Profile

Business Address 224 AIRPORT PARKWAY
SAN JOSE, CA 95110
State of Incorp. DE
Fiscal Year End March 31
Industry (SIC) 3572 - Computer Storage Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2023
MRQ
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:25,9635,21027,4306,44010,79034,790
Cash and cash equivalents25,9635,21027,4306,44010,79012,958
Other undisclosed cash, cash equivalents, and short-term investments      21,832
Restricted cash and investments2122837078301,0651,832
Receivables72,46469,35473,10270,37086,828116,056
Prepaid expense4,1587,853    
Other current assets5,5134,6976,9398,48918,0959,969
Other undisclosed current assets44,74557,80047,88849,69837,51025,678
Total current assets:153,055145,197156,066135,827154,288188,325
Noncurrent Assets
Operating lease, right-of-use asset10,29111,1079,38312,689
Property, plant and equipment16,55512,85310,0519,0468,43711,186
Intangible assets, net (including goodwill)17,91022,5538,503 34276
Goodwill12,96912,9693,466   
Intangible assets, net (excluding goodwill)4,9419,5845,037 34276
Restricted cash and investments   5,0005,0005,00020,000
Other noncurrent assets15,8469,9255,9213,4335,1125,240
Total noncurrent assets:60,60256,43838,85830,16818,58336,702
TOTAL ASSETS:213,657201,635194,924165,995172,871225,027
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities49,38266,92372,63369,44183,53781,976
Employee-related liabilities16,14119,21414,95717,11724,104
Accounts payable35,71634,22035,24536,94937,39541,611
Accrued liabilities13,66616,56218,17417,53529,02516,261
Deferred revenue82,50486,51784,02781,492
Debt5,0004,3751,8507,3211,65062,827
Restructuring reserve   580 2,876869
Deferred revenue and credits84,683
Other undisclosed current liabilities15,710   90,407 
Total current liabilities:152,596157,815159,090158,254178,470230,355
Noncurrent Liabilities
Long-term debt and lease obligation16,75027,6268,005157,669145,62165,028
Long-term debt, excluding current maturities16,75017,735 146,847145,62165,028
Liabilities, other than long-term debt64,84553,42949,18448,59711,82745,643
Deferred revenue and credits37,642
Deferred revenue43,30641,58036,12637,443
Restructuring reserve      481
Other liabilities11,37011,84913,05811,15411,8277,520
Operating lease, liability10,1699,8918,00510,822
Other undisclosed noncurrent liabilities66,35489,44890,890 36,733 
Total noncurrent liabilities:147,949170,503148,079206,266194,181110,671
Total liabilities:300,545328,318307,169364,520372,651341,026
Equity
Equity, attributable to parent(86,888)(126,683)(112,245)(198,525)(199,780)(115,999)
Common stock936605570399360341
Additional paid in capital722,603645,038626,664505,762499,224473,850
Accumulated other comprehensive income (loss)(1,581)(1,423)(856)(1,522)(1,410)3,105
Accumulated deficit(808,846)(770,903)(738,623)(703,164)(697,954)(593,295)
Total equity:(86,888)(126,683)(112,245)(198,525)(199,780)(115,999)
TOTAL LIABILITIES AND EQUITY:213,657201,635194,924165,995172,871225,027

Income Statement (P&L) ($ in thousands)

6/30/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2017
Revenues412,752372,827349,576402,949402,680505,345
Revenue, net505,345
Cost of revenue(278,813)(225,792)(198,823)(230,441)(235,066)(291,921)
Cost of goods and services sold(278,813)(225,792)(198,823)(230,441)(4,266)(291,921)
Gross profit:133,939147,035150,753172,508167,614213,424
Operating expenses(159,946)(160,875)(142,350)(151,304)(172,360)(201,276)
Operating income (loss):(26,007)(13,840)8,40321,204(4,746)12,148
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1,956(251)(1,312)(261)(2,878)562
Interest and debt expense(11,952)(16,848)(42,311)(25,350)(3,637)(7,953)
Income (loss) from continuing operations before equity method investments, income taxes:(36,003)(30,939)(35,220)(4,407)(11,261)4,757
Other undisclosed loss from continuing operations before income taxes     (29,160) 
Income (loss) from continuing operations before income taxes:(36,003)(30,939)(35,220)(4,407)(40,421)4,757
Income tax expense(1,940)(1,341)(239)(803)(2,376)(1,112)
Income (loss) from continuing operations:(37,943)(32,280)(35,459)(5,210)(42,797)3,645
Income (loss) before gain (loss) on sale of properties:(32,280)(35,459)(5,210)(42,797)3,645
Net income (loss) attributable to parent:(37,943)(32,280)(35,459)(5,210)(42,797)3,645
Other undisclosed net loss available to common stockholders, basic(389)     
Net income (loss) available to common stockholders, diluted:(38,332)(32,280)(35,459)(5,210)(42,797)3,645

Comprehensive Income ($ in thousands)

6/30/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2017
Net income (loss):(37,943)(32,280)(35,459)(5,210)(42,797)3,645
Other comprehensive loss      (739)
Comprehensive income (loss):(37,943)(32,280)(35,459)(5,210)(42,797)2,906
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(158)(567)666(112)(1,136) 
Comprehensive income (loss), net of tax, attributable to parent:(38,101)(32,847)(34,793)(5,322)(43,933)2,906

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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