2021 Q3 Form 10-Q Financial Statement

#000070928321000075 Filed on November 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3 2020 Q2
Revenue $93.18M $85.82M $73.31M
YoY Change 8.57% -18.88% -30.6%
Cost Of Revenue $54.79M $47.09M $42.45M
YoY Change 16.37% -24.38% -29.0%
Gross Profit $38.39M $38.73M $30.85M
YoY Change -0.9% -11.0% -32.68%
Gross Profit Margin 41.2% 45.13% 42.09%
Selling, General & Admin $26.93M $23.42M $23.13M
YoY Change 15.0% -19.68% -32.82%
% of Gross Profit 70.15% 60.45% 74.98%
Research & Development $12.39M $10.23M $10.16M
YoY Change 21.07% 9.44% 21.22%
% of Gross Profit 32.27% 26.42% 32.94%
Depreciation & Amortization $2.158M $1.300M $1.286M
YoY Change 66.0% 30.0% 25.95%
% of Gross Profit 5.62% 3.36% 4.17%
Operating Expenses $39.33M $35.23M $34.35M
YoY Change 11.61% -10.4% -20.27%
Operating Profit -$938.0K $3.500M -$3.495M
YoY Change -126.8% -16.65% -227.18%
Interest Expense $3.070M $7.578M $6.437M
YoY Change -59.49% 19.39% 2.08%
% of Operating Profit 216.51%
Other Income/Expense, Net $126.0K -$312.0K -$385.0K
YoY Change -140.38% -510.53% -532.58%
Pretax Income -$8.842M -$4.390M -$10.32M
YoY Change 101.41% 111.87% 197.41%
Income Tax $411.0K $202.0K $419.0K
% Of Pretax Income
Net Earnings -$9.253M -$4.592M -$10.74M
YoY Change 101.5% 98.36% 182.01%
Net Earnings / Revenue -9.93% -5.35% -14.65%
Basic Earnings Per Share -$0.16 -$0.11 -$0.27
Diluted Earnings Per Share -$0.16 -$0.11 -$0.27
COMMON SHARES
Basic Shares Outstanding 58.57M shares 40.29M shares 39.91M shares
Diluted Shares Outstanding 58.57M shares 40.29M shares 39.91M shares

Balance Sheet

Concept 2021 Q3 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.76M $12.50M $23.30M
YoY Change 82.06% 108.33% 115.74%
Cash & Equivalents $22.76M $12.52M $23.31M
Short-Term Investments
Other Short-Term Assets $11.45M $8.330M $8.766M
YoY Change 37.47% -15.35% -52.11%
Inventory $52.41M $59.10M $51.10M
Prepaid Expenses
Receivables $63.10M $62.71M $49.34M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $150.2M $143.4M $133.3M
YoY Change 4.69% 11.16% -5.51%
LONG-TERM ASSETS
Property, Plant & Equipment $12.30M $9.655M $9.980M
YoY Change 27.34% 12.19% 24.7%
Goodwill $9.503M
YoY Change
Intangibles $9.132M
YoY Change
Long-Term Investments
YoY Change
Other Assets $8.684M $4.585M $4.329M
YoY Change 89.4% 24.66% -28.94%
Total Long-Term Assets $48.29M $29.84M $31.63M
YoY Change 61.85% 2.12% 1.97%
TOTAL ASSETS
Total Short-Term Assets $150.2M $143.4M $133.3M
Total Long-Term Assets $48.29M $29.84M $31.63M
Total Assets $198.5M $173.3M $164.9M
YoY Change 14.53% 9.49% -4.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $36.99M $37.83M $26.96M
YoY Change -2.23% -3.86% -32.58%
Accrued Expenses $18.75M $32.60M $30.30M
YoY Change -42.48% -4.4% 2.11%
Deferred Revenue $78.11M $73.10M $76.00M
YoY Change 6.85% -4.54%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.125M $1.388M $925.0K
YoY Change 125.14% -15.88% -43.94%
Total Short-Term Liabilities $152.4M $145.0M $134.2M
YoY Change 5.16% -4.45% -20.21%
LONG-TERM LIABILITIES
Long-Term Debt $101.4M $171.0M $169.7M
YoY Change -40.72% 11.33% 16.14%
Other Long-Term Liabilities $13.07M $11.20M $11.39M
YoY Change 16.75% -0.32% -1.84%
Total Long-Term Liabilities $13.07M $11.20M $11.39M
YoY Change 16.75% -0.32% -92.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $152.4M $145.0M $134.2M
Total Long-Term Liabilities $13.07M $11.20M $11.39M
Total Liabilities $314.5M $369.5M $360.4M
YoY Change -14.9% 2.26% -3.78%
SHAREHOLDERS EQUITY
Retained Earnings -$752.0M -$718.5M -$713.9M
YoY Change 4.67% 2.05% 1.73%
Common Stock $637.1M $522.8M $519.6M
YoY Change 21.88% 3.98% 144242.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$116.0M -$196.2M -$195.5M
YoY Change
Total Liabilities & Shareholders Equity $198.5M $173.3M $164.9M
YoY Change 14.53% 9.49% -4.16%

Cashflow Statement

Concept 2021 Q3 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income -$9.253M -$4.592M -$10.74M
YoY Change 101.5% 98.36% 182.01%
Depreciation, Depletion And Amortization $2.158M $1.300M $1.286M
YoY Change 66.0% 30.0% 25.95%
Cash From Operating Activities -$8.396M -$10.30M -$8.987M
YoY Change -18.49% -2.83% -1095.24%
INVESTING ACTIVITIES
Capital Expenditures -$1.246M -$900.0K $484.0K
YoY Change 38.44% 0.0% 9.01%
Acquisitions
YoY Change
Other Investing Activities -$5.000M
YoY Change
Cash From Investing Activities -$6.246M -$900.0K -$484.0K
YoY Change 594.0% 0.0% 9.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 13.18M 600.0K $26.33M
YoY Change 2096.5% -90.63% -6475.06%
NET CHANGE
Cash From Operating Activities -8.396M -10.30M -$8.987M
Cash From Investing Activities -6.246M -900.0K -$484.0K
Cash From Financing Activities 13.18M 600.0K $26.33M
Net Change In Cash -1.463M -10.60M $16.84M
YoY Change -86.2% 107.84% -240700.0%
FREE CASH FLOW
Cash From Operating Activities -$8.396M -$10.30M -$8.987M
Capital Expenditures -$1.246M -$900.0K $484.0K
Free Cash Flow -$7.150M -$9.400M -$9.471M
YoY Change -23.94% -3.09% -2163.4%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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EntityRegistrantName
QUANTUM CORP /DE/
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224 Airport Parkway
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40097000 shares
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-9253000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-4592000 USD
us-gaap Net Income Loss
NetIncomeLoss
-13406000 USD
us-gaap Net Income Loss
NetIncomeLoss
-15328000 USD
CY2021Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-506000 USD
CY2020Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
722000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-239000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1009000 USD
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-9759000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3870000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-13645000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-14319000 USD
us-gaap Net Income Loss
NetIncomeLoss
-13406000 USD
us-gaap Net Income Loss
NetIncomeLoss
-15328000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3967000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2580000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1629000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3015000 USD
qtm Long Term Debt Restatement Costs
LongTermDebtRestatementCosts
0 USD
qtm Long Term Debt Restatement Costs
LongTermDebtRestatementCosts
167000 USD
qtm Service Parts Inventory Write Down
ServicePartsInventoryWriteDown
2418000 USD
qtm Service Parts Inventory Write Down
ServicePartsInventoryWriteDown
3588000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6273000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4550000 USD
qtm Gain Loss On Loan Forgiveness
GainLossOnLoanForgiveness
10000000 USD
qtm Gain Loss On Loan Forgiveness
GainLossOnLoanForgiveness
0 USD
qtm Noncash Gain Loss On Extinguishment Of Debt
NoncashGainLossOnExtinguishmentOfDebt
-8471000 USD
qtm Noncash Gain Loss On Extinguishment Of Debt
NoncashGainLossOnExtinguishmentOfDebt
0 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-20000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1268000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-10024000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-7568000 USD
qtm Increase Decrease In Manufacturing Inventories Net
IncreaseDecreaseInManufacturingInventoriesNet
5199000 USD
qtm Increase Decrease In Manufacturing Inventories Net
IncreaseDecreaseInManufacturingInventoriesNet
8858000 USD
qtm Increase Decrease In Service Parts Inventories Net
IncreaseDecreaseInServicePartsInventoriesNet
1818000 USD
qtm Increase Decrease In Service Parts Inventories Net
IncreaseDecreaseInServicePartsInventoriesNet
4333000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1559000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1601000 USD
us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
-560000 USD
us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
240000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-3779000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
2922000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-9032000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-12584000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
5789000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
5693000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-15262000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-19297000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2396000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1434000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
5000000 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
-7396000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1434000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
94961000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
19400000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
93051000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
126084000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
140987000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
116084000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
144058000 USD
us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
0 USD
us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
10000000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
806000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
537000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
12716000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
26866000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-96000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9930000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6039000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33137000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12270000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23207000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18309000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22757000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
12517000 USD
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
450000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
792000 USD
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
0 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
5000000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23207000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18309000 USD
us-gaap Interest Paid Net
InterestPaidNet
5198000 USD
us-gaap Interest Paid Net
InterestPaidNet
14181000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
480000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-1578000 USD
us-gaap Contribution Of Property
ContributionOfProperty
76000 USD
us-gaap Contribution Of Property
ContributionOfProperty
207000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
-195501000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-4592000 USD
CY2020Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
722000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
539000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2592000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
-196240000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-112930000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-9253000 USD
CY2021Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-506000 USD
CY2021Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
806000 USD
CY2021Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2021Q3 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
2818000 USD
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3072000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
-115993000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
-198525000 USD
us-gaap Net Income Loss
NetIncomeLoss
-15328000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1009000 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
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
4550000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
-196240000 USD
us-gaap Net Income Loss
NetIncomeLoss
-13406000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-239000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
806000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
2818000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6273000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
-115993000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Company 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 the 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.</span></div>
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2021Q3 qtm Operations In Geographic Regions
OperationsInGeographicRegions
3 region
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
93180000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
85821000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
182278000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
159126000 USD
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
118871000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
53833000 USD
CY2021Q3 qtm Revenue Remaining Performance Obligation Current
RevenueRemainingPerformanceObligationCurrent
130708000 USD
CY2021Q3 qtm Revenue Remaining Performance Obligation Noncurrent
RevenueRemainingPerformanceObligationNoncurrent
42855000 USD
CY2021Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
173563000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
5000000 USD
us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
2818000 USD
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
7818000 USD
CY2021Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
11149000 USD
CY2021Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
12690000 USD
CY2021Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
3653000 USD
CY2021Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2074000 USD
CY2021Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
14046000 USD
CY2021Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
9703000 USD
CY2021Q3 qtm Manufacturing Inventories Net
ManufacturingInventoriesNet
28848000 USD
CY2021Q1 qtm Manufacturing Inventories Net
ManufacturingInventoriesNet
24467000 USD
CY2021Q3 qtm Service Parts Inventories Finished Goods
ServicePartsInventoriesFinishedGoods
17817000 USD
CY2021Q1 qtm Service Parts Inventories Finished Goods
ServicePartsInventoriesFinishedGoods
18773000 USD
CY2021Q3 qtm Service Parts Inventories Component Parts
ServicePartsInventoriesComponentParts
5747000 USD
CY2021Q1 qtm Service Parts Inventories Component Parts
ServicePartsInventoriesComponentParts
4648000 USD
CY2021Q3 qtm Service Parts Inventories
ServicePartsInventories
23564000 USD
CY2021Q1 qtm Service Parts Inventories
ServicePartsInventories
23421000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
11000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1868000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
9132000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5600000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
563000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5037000 USD
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
800000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1300000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 USD
us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P2Y9M18D
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1796000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3641000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2490000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1205000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
9132000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
3466000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
6796000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
10262000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
99375000 USD
CY2021Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
0 USD
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
3125000 USD
CY2021Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
1850000 USD
CY2021Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
4882000 USD
CY2021Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
9686000 USD
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
101368000 USD
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
90890000 USD
CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
165000000 USD
CY2021Q1 qtm Debt Covenant Restricted Cash Reserve
DebtCovenantRestrictedCashReserve
5000000 USD
CY2021Q1 qtm Debt Covenant Restricted Cash Reserve
DebtCovenantRestrictedCashReserve
5000000 USD
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7917000 USD
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7917000 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
9383000 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
9383000 USD
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2092000 USD
CY2021Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2581000 USD
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6818000 USD
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8005000 USD
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8005000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
8910000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
10586000 USD
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
994000 USD
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1338000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
2129000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
2669000 USD
CY2021Q3 us-gaap Variable Lease Cost
VariableLeaseCost
177000 USD
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
211000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
351000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
423000 USD
CY2021Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4000 USD
CY2020Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
39000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
4000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
92000 USD
CY2021Q3 us-gaap Lease Cost
LeaseCost
1175000 USD
CY2020Q3 us-gaap Lease Cost
LeaseCost
1588000 USD
us-gaap Lease Cost
LeaseCost
2484000 USD
us-gaap Lease Cost
LeaseCost
3184000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1734000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2695000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2543000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2264000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1827000 USD
CY2021Q3 qtm Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
698000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
11761000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2851000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
8910000 USD
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y1M24D
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y6M10D
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1364
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1396
us-gaap Operating Lease Payments
OperatingLeasePayments
1000000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
1300000 USD
CY2021Q1 us-gaap Restructuring Reserve
RestructuringReserve
580000 USD
us-gaap Restructuring Charges
RestructuringCharges
274000 USD
qtm Restructuring Adjustments
RestructuringAdjustments
-50000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
784000 USD
CY2021Q3 us-gaap Restructuring Reserve
RestructuringReserve
20000 USD
CY2020Q1 us-gaap Restructuring Reserve
RestructuringReserve
0 USD
us-gaap Restructuring Charges
RestructuringCharges
2637000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
2397000 USD
CY2020Q3 us-gaap Restructuring Reserve
RestructuringReserve
240000 USD
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9195000 shares
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8020000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10315000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7180000 shares
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.046
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.032
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.010
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2021Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
108400000 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
89900000 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
89900000 USD
CY2021Q3 qtm Unrecognized Tax Benefits That Would Impact Effective Tax Rate Net Of Valuation Allowance
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRateNetOfValuationAllowance
7500000 USD
CY2021Q3 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
1300000 USD
CY2021Q3 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
57300000 USD

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0000709283-21-000075.txt Edgar Link pending
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