Quantum Corporation reported Q2 FY2025 revenue of $70.5 million, down 7% from $75.7 million in Q2 FY2024. Product revenue declined 14% to $36.8 million, while service and subscription revenue increased 3% to $31.3 million. The company posted a net loss of $13.5 million compared to a $3.3 million loss in the prior year quarter.Gross margin decreased to 41.5% from 43.3% year-over-year, primarily due to less favorable product mix. Operating expenses remained relatively flat at $36.2 million, with general and administrative costs increasing by $3.7 million due to financial restatement expenses, offset by reductions in sales and marketing, R&D, and restructuring costs.The company strengthened its financial position through debt refinancing activities, including new term loan facilities and amendments to existing credit agreements. Interest expense increased to $6.1 million from $3.9 million due to higher effective rates. Management continues to focus on operational efficiency improvements and transition toward subscription-based offerings while addressing ongoing macroeconomic challenges.

Quantum Corporation reported Q2 FY2025 revenue of $70.5 million, down 7% from $75.7 million in Q2 FY2024. Product revenue declined 14% to $36.8 million, while service and subscription revenue increased 3% to $31.3 million. The company posted a net loss of $13.5 million compared to a $3.3 million loss in the prior year quarter.Gross margin decreased to 41.5% from 43.3% year-over-year, primarily due to less favorable product mix. Operating expenses remained relatively flat at $36.2 million, with general and administrative costs increasing by $3.7 million due to financial restatement expenses, offset by reductions in sales and marketing, R&D, and restructuring costs.The company strengthened its financial position through debt refinancing activities, including new term loan facilities and amendments to existing credit agreements. Interest expense increased to $6.1 million from $3.9 million due to higher effective rates. Management continues to focus on operational efficiency improvements and transition toward subscription-based offerings while addressing ongoing macroeconomic challenges.