2021 Q1 Form 10-Q Financial Statement

#000070928321000002 Filed on January 27, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q4 2019 Q4
Revenue $92.40M $98.02M $103.3M
YoY Change 4.76% -5.12% 1.31%
Cost Of Revenue $53.50M $55.74M $56.24M
YoY Change 2.69% -0.88% -4.51%
Gross Profit $38.90M $42.28M $47.08M
YoY Change 7.76% -10.19% 9.27%
Gross Profit Margin 42.1% 43.13% 45.57%
Selling, General & Admin $24.00M $26.40M $26.14M
YoY Change -1.23% 0.98% -14.22%
% of Gross Profit 61.7% 62.44% 55.53%
Research & Development $11.70M $9.589M $9.325M
YoY Change 27.17% 2.83% 17.93%
% of Gross Profit 30.08% 22.68% 19.81%
Depreciation & Amortization $1.800M $1.300M $1.100M
YoY Change 50.0% 18.18% 10.0%
% of Gross Profit 4.63% 3.07% 2.34%
Operating Expenses $35.70M $36.19M $35.40M
YoY Change 6.57% 2.22% -10.62%
Operating Profit $3.200M $6.093M $11.68M
YoY Change 23.08% -47.81% 235.87%
Interest Expense -$5.700M $7.808M $6.425M
YoY Change -9.52% 21.53% 3.0%
% of Operating Profit -178.13% 128.15% 55.03%
Other Income/Expense, Net $100.0K -$698.0K -$611.0K
YoY Change -50.0% 14.24% -115.89%
Pretax Income -$18.10M -$2.413M $4.639M
YoY Change 417.14% -152.02% -217.47%
Income Tax -$600.0K $256.0K -$110.0K
% Of Pretax Income -2.37%
Net Earnings -$17.50M -$2.669M $4.749M
YoY Change 360.53% -156.2% -210.8%
Net Earnings / Revenue -18.94% -2.72% 4.6%
Basic Earnings Per Share -$0.07 $0.12
Diluted Earnings Per Share -$347.9K -$0.07 $0.10
COMMON SHARES
Basic Shares Outstanding 41.55M shares 40.93M shares 38.13M shares
Diluted Shares Outstanding 40.93M shares 46.57M shares

Balance Sheet

Concept 2021 Q1 2020 Q4 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.40M $11.60M $7.500M
YoY Change 328.13% 54.67% -31.19%
Cash & Equivalents $27.43M $11.63M $7.542M
Short-Term Investments
Other Short-Term Assets $3.046M $7.946M $8.451M
YoY Change -64.12% -5.98% 7.29%
Inventory $47.90M $56.90M $44.10M
Prepaid Expenses $3.893M
Receivables $73.10M $69.44M $74.88M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $156.1M $146.6M $135.9M
YoY Change 14.9% 7.92% 1.71%
LONG-TERM ASSETS
Property, Plant & Equipment $10.05M $9.855M $8.546M
YoY Change 11.11% 15.32% -2.59%
Goodwill $3.466M $3.447M
YoY Change
Intangibles $5.037M $5.503M
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.921M $5.244M $3.973M
YoY Change 72.47% 31.99% -47.94%
Total Long-Term Assets $38.86M $39.15M $29.43M
YoY Change 28.81% 33.02% 37.49%
TOTAL ASSETS
Total Short-Term Assets $156.1M $146.6M $135.9M
Total Long-Term Assets $38.86M $39.15M $29.43M
Total Assets $194.9M $185.8M $165.3M
YoY Change 17.43% 12.39% 6.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.25M $30.03M $44.64M
YoY Change -4.61% -32.74% 15.14%
Accrued Expenses $18.75M $37.70M $31.10M
YoY Change 6.95% 21.22% 22.95%
Deferred Revenue $84.03M $75.44M $74.62M
YoY Change 3.11% 1.11%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.850M $1.850M $1.650M
YoY Change -74.73% 12.12% 10.0%
Total Short-Term Liabilities $159.1M $145.0M $152.0M
YoY Change 0.53% -4.62% -10.1%
LONG-TERM LIABILITIES
Long-Term Debt $90.90M $178.3M $152.4M
YoY Change -38.1% 16.99% 11.18%
Other Long-Term Liabilities $13.06M $13.42M $10.94M
YoY Change 17.07% 22.66% 2.32%
Total Long-Term Liabilities $13.06M $13.42M $10.94M
YoY Change -91.74% 22.66% -92.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $159.1M $145.0M $152.0M
Total Long-Term Liabilities $13.06M $13.42M $10.94M
Total Liabilities $307.2M $379.8M $360.8M
YoY Change -15.73% 5.26% 2.72%
SHAREHOLDERS EQUITY
Retained Earnings -$738.6M -$721.2M -$699.3M
YoY Change 5.04% 3.12% 1.57%
Common Stock $627.2M $526.7M $504.8M
YoY Change 23.92% 4.34% 2.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$112.2M -$194.0M -$195.5M
YoY Change
Total Liabilities & Shareholders Equity $194.9M $185.8M $165.3M
YoY Change 17.43% 12.39% 6.65%

Cashflow Statement

Concept 2021 Q1 2020 Q4 2019 Q4
OPERATING ACTIVITIES
Net Income -$17.50M -$2.669M $4.749M
YoY Change 360.53% -156.2% -210.8%
Depreciation, Depletion And Amortization $1.800M $1.300M $1.100M
YoY Change 50.0% 18.18% 10.0%
Cash From Operating Activities $19.50M -$1.000M $4.700M
YoY Change 413.16% -121.28% -146.53%
INVESTING ACTIVITIES
Capital Expenditures -$2.200M -$3.300M -$1.000M
YoY Change 633.33% 230.0% 100.0%
Acquisitions
YoY Change
Other Investing Activities -$100.0K -$2.600M
YoY Change -95.0%
Cash From Investing Activities -$2.300M -$5.900M -$1.000M
YoY Change 0.0% 490.0% 100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $103.5M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.500M 5.900M -2.100M
YoY Change -44.44% -380.95% -113.46%
NET CHANGE
Cash From Operating Activities 19.50M -1.000M 4.700M
Cash From Investing Activities -2.300M -5.900M -1.000M
Cash From Financing Activities -1.500M 5.900M -2.100M
Net Change In Cash 15.70M -1.000M 1.600M
YoY Change -1408.33% -162.5% -68.0%
FREE CASH FLOW
Cash From Operating Activities $19.50M -$1.000M $4.700M
Capital Expenditures -$2.200M -$3.300M -$1.000M
Free Cash Flow $21.70M $2.300M $5.700M
YoY Change 429.27% -59.65% -159.38%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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EntityRegistrantName
QUANTUM CORP /DE/
dei Entity Central Index Key
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DE
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224 Airport Parkway
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Suite 550
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40374000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36828000 shares
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
-2669000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
4749000 USD
us-gaap Net Income Loss
NetIncomeLoss
-17997000 USD
us-gaap Net Income Loss
NetIncomeLoss
-17997000 USD
us-gaap Net Income Loss
NetIncomeLoss
-17997000 USD
us-gaap Net Income Loss
NetIncomeLoss
-17997000 USD
us-gaap Net Income Loss
NetIncomeLoss
-1373000 USD
CY2020Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
975000 USD
CY2019Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
839000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1984000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1984000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1984000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
449000 USD
CY2020Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1694000 USD
CY2019Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5588000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-16013000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-16013000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-16013000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-924000 USD
us-gaap Net Income Loss
NetIncomeLoss
-17997000 USD
us-gaap Net Income Loss
NetIncomeLoss
-17997000 USD
us-gaap Net Income Loss
NetIncomeLoss
-17997000 USD
us-gaap Net Income Loss
NetIncomeLoss
-17997000 USD
us-gaap Net Income Loss
NetIncomeLoss
-1373000 USD
us-gaap Depreciation
Depreciation
3898000 USD
us-gaap Depreciation
Depreciation
3119000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4906000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3012000 USD
qtm Long Term Debt Restatement Costs
LongTermDebtRestatementCosts
167000 USD
qtm Long Term Debt Restatement Costs
LongTermDebtRestatementCosts
0 USD
qtm Service Parts Inventory Write Down
ServicePartsInventoryWriteDown
4764000 USD
qtm Service Parts Inventory Write Down
ServicePartsInventoryWriteDown
4946000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6428000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5408000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
123000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
220000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
242000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1984000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-479000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1342000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-11731000 USD
qtm Increase Decrease In Manufacturing Inventories Net
IncreaseDecreaseInManufacturingInventoriesNet
7732000 USD
qtm Increase Decrease In Manufacturing Inventories Net
IncreaseDecreaseInManufacturingInventoriesNet
8915000 USD
qtm Increase Decrease In Service Parts Inventories Net
IncreaseDecreaseInServicePartsInventoriesNet
4559000 USD
qtm Increase Decrease In Service Parts Inventories Net
IncreaseDecreaseInServicePartsInventoriesNet
2881000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-7022000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
7676000 USD
us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
210000 USD
us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
-2876000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
4268000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-2345000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-9727000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-17176000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
1323000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
6233000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-20264000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4966000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
32755000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4665000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2327000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2636000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7301000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2327000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
19400000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
232663000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
245590000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
229847000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
241539000 USD
us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
10000000 USD
us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
171000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
539000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3880000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-62000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5128000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3416000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12270000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16855000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17398000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13439000 USD
us-gaap Interest Paid Net
InterestPaidNet
19992000 USD
us-gaap Interest Paid Net
InterestPaidNet
15942000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-2464000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
155000 USD
us-gaap Contribution Of Property
ContributionOfProperty
372000 USD
us-gaap Contribution Of Property
ContributionOfProperty
253000 USD
qtm Litigation Settlement Paid With Insurance Proceeds
LitigationSettlementPaidWithInsuranceProceeds
0 USD
qtm Litigation Settlement Paid With Insurance Proceeds
LitigationSettlementPaidWithInsuranceProceeds
8950000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
-198525000 USD
us-gaap Net Income Loss
NetIncomeLoss
-17997000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11632000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7542000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
766000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
897000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
5000000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
5000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17398000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13439000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
-203110000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
4749000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
839000 USD
CY2019Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-1000 USD
CY2019Q4 qtm Adjustments To Additional Paid In Capital Warrant Exercised Related To Debt
AdjustmentsToAdditionalPaidInCapitalWarrantExercisedRelatedToDebt
0 USD
CY2019Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2056000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
-195467000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
-196240000 USD
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
-2669000 USD
CY2020Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
975000 USD
CY2020Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2020Q4 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
2080000 USD
CY2020Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1878000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-193976000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
-199780000 USD
us-gaap Net Income Loss
NetIncomeLoss
-1373000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
449000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-171000 USD
qtm Adjustments To Additional Paid In Capital Warrant Exercised Related To Debt
AdjustmentsToAdditionalPaidInCapitalWarrantExercisedRelatedToDebt
0 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5408000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
-195467000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1984000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
539000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
2080000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
qtm Adjustments To Additional Paid In Capital Warrant Exercised Related To Debt
AdjustmentsToAdditionalPaidInCapitalWarrantExercisedRelatedToDebt
11515000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6428000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-193976000 USD
us-gaap Use Of Estimates
UseOfEstimates
Use of EstimatesCompany management has made estimates and assumptions relating to the reporting of certain assets and liabilities in conformity with GAAP. These estimates and assumptions have been applied using methodologies that are consistent throughout the periods presented with consideration given to the potential impacts of COVID-19 pandemic. However, actual results could differ materially from these estimates and be significantly affected by the severity and duration of the pandemic, the extent of actions to contain or treat COVID-19, how quickly and to what extent normal economic and operating activity can resume, and the severity and duration of the global economic downturn that may result from the pandemic.
CY2020Q4 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
200000000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2020Q4 qtm Operations In Geographic Regions
OperationsInGeographicRegions
3 region
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
98023000 USD
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
103315000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
257149000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
110007000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
69355000 USD
CY2020Q4 qtm Remaining Performance Obligation Current
RemainingPerformanceObligationCurrent
89655000 USD
CY2020Q4 qtm Remaining Performance Obligation Noncurrent
RemainingPerformanceObligationNoncurrent
37169000 USD
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
126824000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
15815000 USD
CY2020Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
16294000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2315000 USD
CY2020Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1001000 USD
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
15724000 USD
CY2020Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
11901000 USD
CY2020Q4 qtm Manufacturing Inventories Net
ManufacturingInventoriesNet
33854000 USD
CY2020Q1 qtm Manufacturing Inventories Net
ManufacturingInventoriesNet
29196000 USD
CY2020Q4 qtm Service Parts Inventories Finished Goods
ServicePartsInventoriesFinishedGoods
17707000 USD
CY2020Q1 qtm Service Parts Inventories Finished Goods
ServicePartsInventoriesFinishedGoods
15845000 USD
CY2020Q4 qtm Service Parts Inventories Component Parts
ServicePartsInventoriesComponentParts
5291000 USD
CY2020Q1 qtm Service Parts Inventories Component Parts
ServicePartsInventoriesComponentParts
4657000 USD
CY2020Q4 qtm Service Parts Inventories
ServicePartsInventories
22998000 USD
CY2020Q1 qtm Service Parts Inventories
ServicePartsInventories
20502000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
465000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1867000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1867000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1304000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
0 USD
CY2020Q4 qtm Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
0 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5503000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1850000 USD
CY2020Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
7321000 USD
CY2020Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
21042000 USD
CY2020Q1 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
13660000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
178276000 USD
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
146847000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
5000000.0 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10096000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10096000 USD
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
12689000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2806000 USD
CY2020Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3065000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8500000 USD
CY2020Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
10822000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
11306000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
13887000 USD
CY2020Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
1018000 USD
CY2019Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
1259000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
3688000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
3835000 USD
CY2020Q4 us-gaap Variable Lease Cost
VariableLeaseCost
198000 USD
CY2019Q4 us-gaap Variable Lease Cost
VariableLeaseCost
109000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
620000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
321000 USD
CY2020Q4 us-gaap Short Term Lease Cost
ShortTermLeaseCost
37000 USD
CY2019Q4 us-gaap Short Term Lease Cost
ShortTermLeaseCost
58000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
129000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
89000 USD
CY2020Q4 us-gaap Lease Cost
LeaseCost
1253000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
4400000 USD
us-gaap Lease Cost
LeaseCost
4437000 USD
CY2019Q4 us-gaap Lease Cost
LeaseCost
1426000 USD
us-gaap Lease Cost
LeaseCost
4245000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1051000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3863000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2799000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2630000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2330000 USD
CY2020Q4 qtm Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
2948000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
15621000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4315000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
11306000 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y7M28D
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y11M26D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1397
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1391
us-gaap Operating Lease Payments
OperatingLeasePayments
3400000 USD
CY2020Q1 us-gaap Restructuring Reserve
RestructuringReserve
0 USD
us-gaap Restructuring Charges
RestructuringCharges
2837000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
2627000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
210000 USD
CY2019Q1 us-gaap Restructuring Reserve
RestructuringReserve
2876000 USD
qtm Restructuring Charges Excluding Adjustments
RestructuringChargesExcludingAdjustments
0 USD
qtm Restructuring Adjustments
RestructuringAdjustments
1020000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
3659000 USD
qtm Restructuring Reserve Other Non Cash Increase
RestructuringReserveOtherNonCashIncrease
63000 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
300000 USD
CY2020Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8311000 shares
CY2019Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7557000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7385000 shares
CY2020Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.106
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.051
CY2019Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.027
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.522
CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
110400000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
92100000 USD
CY2020Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
1300000 USD
CY2020Q4 us-gaap Increase In Unrecognized Tax Benefits Is Reasonably Possible
IncreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
9200000 USD
CY2020Q4 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
18900000 USD

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