2022 Q1 Form 10-Q Financial Statement

#000070928322000005 Filed on February 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q3
Revenue $95.20M $95.34M $93.18M
YoY Change 3.03% -2.73% 8.57%
Cost Of Revenue $59.05M $60.13M $54.79M
YoY Change 10.37% 7.88% 16.37%
Gross Profit $36.16M $35.21M $38.39M
YoY Change -7.05% -16.72% -0.9%
Gross Profit Margin 37.98% 36.93% 41.2%
Selling, General & Admin $28.26M $27.25M $26.93M
YoY Change 17.73% 3.24% 15.0%
% of Gross Profit 78.14% 77.4% 70.15%
Research & Development $13.53M $14.61M $12.39M
YoY Change 15.6% 52.33% 21.07%
% of Gross Profit 37.41% 41.49% 32.27%
Depreciation & Amortization $2.623M $2.828M $2.158M
YoY Change 45.72% 117.54% 66.0%
% of Gross Profit 7.25% 8.03% 5.62%
Operating Expenses $41.78M $42.44M $39.33M
YoY Change 17.03% 17.27% 11.61%
Operating Profit -$5.622M -$7.225M -$938.0K
YoY Change -275.69% -218.58% -126.8%
Interest Expense -$2.501M $2.431M $3.070M
YoY Change -56.12% -68.87% -59.49%
% of Operating Profit
Other Income/Expense, Net -$28.00K -$150.0K $126.0K
YoY Change -128.0% -78.51% -140.38%
Pretax Income -$8.151M -$9.806M -$8.842M
YoY Change -54.97% 306.38% 101.41%
Income Tax -$337.0K $1.254M $411.0K
% Of Pretax Income
Net Earnings -$7.814M -$11.06M -$9.253M
YoY Change -55.35% 314.39% 101.5%
Net Earnings / Revenue -8.21% -11.6% -9.93%
Basic Earnings Per Share -$0.19 -$0.16
Diluted Earnings Per Share -$129.6K -$0.19 -$0.16
COMMON SHARES
Basic Shares Outstanding 60.12M shares 59.49M shares 58.57M shares
Diluted Shares Outstanding 59.49M shares 58.57M shares

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.210M $4.004M $22.76M
YoY Change -80.99% -65.48% 82.06%
Cash & Equivalents $5.210M $4.004M $22.76M
Short-Term Investments
Other Short-Term Assets $4.697M $14.08M $11.45M
YoY Change 54.2% 77.22% 37.47%
Inventory $57.80M $56.44M $52.41M
Prepaid Expenses $7.853M
Receivables $69.35M $66.07M $63.10M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $145.2M $140.9M $150.2M
YoY Change -6.96% -3.89% 4.69%
LONG-TERM ASSETS
Property, Plant & Equipment $12.85M $13.02M $12.30M
YoY Change 27.88% 32.12% 27.34%
Goodwill $13.00M $10.26M $9.503M
YoY Change 275.07% 197.71%
Intangibles $9.584M $10.74M $9.132M
YoY Change 90.27% 95.13%
Long-Term Investments
YoY Change
Other Assets $9.925M $9.202M $8.684M
YoY Change 67.62% 75.48% 89.4%
Total Long-Term Assets $56.44M $46.71M $48.29M
YoY Change 45.24% 19.31% 61.85%
TOTAL ASSETS
Total Short-Term Assets $145.2M $140.9M $150.2M
Total Long-Term Assets $56.44M $46.71M $48.29M
Total Assets $201.6M $187.6M $198.5M
YoY Change 3.44% 1.0% 14.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $34.22M $42.04M $36.99M
YoY Change -2.91% 40.01% -2.23%
Accrued Expenses $16.56M $15.45M $18.75M
YoY Change -11.69% -59.02% -42.48%
Deferred Revenue $86.52M $78.12M $78.11M
YoY Change 2.96% 3.54% 6.85%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.375M $3.750M $3.125M
YoY Change 136.49% 102.7% 125.14%
Total Short-Term Liabilities $157.8M $156.1M $152.4M
YoY Change -0.8% 7.69% 5.16%
LONG-TERM LIABILITIES
Long-Term Debt $107.2M $97.93M $101.4M
YoY Change 17.91% -45.08% -40.72%
Other Long-Term Liabilities $11.85M $12.44M $13.07M
YoY Change -9.26% -7.32% 16.75%
Total Long-Term Liabilities $11.85M $12.44M $13.07M
YoY Change -9.26% -7.32% 16.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $157.8M $156.1M $152.4M
Total Long-Term Liabilities $11.85M $12.44M $13.07M
Total Liabilities $328.3M $310.4M $314.5M
YoY Change 6.89% -18.26% -14.9%
SHAREHOLDERS EQUITY
Retained Earnings -$770.9M -$763.1M -$752.0M
YoY Change 4.37% 5.81% 4.67%
Common Stock $645.6M $641.4M $637.1M
YoY Change 2.93% 21.78% 21.88%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$126.7M -$122.8M -$116.0M
YoY Change
Total Liabilities & Shareholders Equity $201.6M $187.6M $198.5M
YoY Change 3.44% 1.0% 14.53%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q3
OPERATING ACTIVITIES
Net Income -$7.814M -$11.06M -$9.253M
YoY Change -55.35% 314.39% 101.5%
Depreciation, Depletion And Amortization $2.623M $2.828M $2.158M
YoY Change 45.72% 117.54% 66.0%
Cash From Operating Activities -$7.047M -$11.42M -$8.396M
YoY Change -136.14% 1041.9% -18.49%
INVESTING ACTIVITIES
Capital Expenditures -$2.345M -$1.575M -$1.246M
YoY Change 6.59% -52.27% 38.44%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$2.808M -$5.000M
YoY Change -100.0% 8.0%
Cash From Investing Activities -$2.345M -$4.383M -$6.246M
YoY Change 1.96% -25.71% 594.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.51M -3.070M 13.18M
YoY Change -800.73% -152.03% 2096.5%
NET CHANGE
Cash From Operating Activities -7.047M -11.42M -8.396M
Cash From Investing Activities -2.345M -4.383M -6.246M
Cash From Financing Activities 10.51M -3.070M 13.18M
Net Change In Cash 1.119M -18.87M -1.463M
YoY Change -92.87% 1787.2% -86.2%
FREE CASH FLOW
Cash From Operating Activities -$7.047M -$11.42M -$8.396M
Capital Expenditures -$2.345M -$1.575M -$1.246M
Free Cash Flow -$4.702M -$9.844M -$7.150M
YoY Change -121.67% -528.0% -23.94%

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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dei Local Phone Number
LocalPhoneNumber
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224 Airport Parkway
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Suite 550
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58399000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40374000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40374000 shares
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
-11060000 USD
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
-2669000 USD
us-gaap Net Income Loss
NetIncomeLoss
-24466000 USD
us-gaap Net Income Loss
NetIncomeLoss
-17997000 USD
CY2021Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-37000 USD
CY2020Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
975000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-276000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1984000 USD
CY2021Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-11097000 USD
CY2020Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1694000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-24742000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-16013000 USD
us-gaap Net Income Loss
NetIncomeLoss
-24466000 USD
us-gaap Net Income Loss
NetIncomeLoss
-17997000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6795000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3898000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1981000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4906000 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
4016000 USD
qtm Service Parts Inventory Write Down
ServicePartsInventoryWriteDown
4764000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
10580000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6428000 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
282000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
2113000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-7008000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1342000 USD
qtm Increase Decrease In Manufacturing Inventories Net
IncreaseDecreaseInManufacturingInventoriesNet
10672000 USD
qtm Increase Decrease In Manufacturing Inventories Net
IncreaseDecreaseInManufacturingInventoriesNet
7732000 USD
qtm Increase Decrease In Service Parts Inventories Net
IncreaseDecreaseInServicePartsInventoriesNet
2281000 USD
qtm Increase Decrease In Service Parts Inventories Net
IncreaseDecreaseInServicePartsInventoriesNet
4559000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
5369000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-7022000 USD
us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
17000 USD
us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
210000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-3021000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
4268000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-8598000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-9727000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
7047000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-846000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
1148000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-133000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-3350000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-2432000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-617000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
130000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-26681000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-20264000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3971000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4665000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
7808000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2636000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11779000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7301000 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
93677000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
207563000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
232663000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
200007000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
229847000 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
539000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
9646000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
32755000 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
-62000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-28802000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5128000 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
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4335000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17398000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4004000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11632000 USD
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
331000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
766000 USD
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
0 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
5000000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4335000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17398000 USD
us-gaap Interest Paid Net
InterestPaidNet
7180000 USD
us-gaap Interest Paid Net
InterestPaidNet
19992000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
541000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-2464000 USD
us-gaap Contribution Of Property
ContributionOfProperty
382000 USD
us-gaap Contribution Of Property
ContributionOfProperty
372000 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 Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
0 USD
CY2020Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
-115993000 USD
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
-11060000 USD
CY2021Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-37000 USD
CY2021Q4 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
0 USD
CY2021Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2021Q4 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
0 USD
CY2021Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4307000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-122783000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
-198525000 USD
us-gaap Net Income Loss
NetIncomeLoss
-17997000 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
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
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
-112245000 USD
us-gaap Net Income Loss
NetIncomeLoss
-24466000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-276000 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
10580000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-122783000 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
CY2021Q4 qtm Operations In Geographic Regions
OperationsInGeographicRegions
3 region
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
95344000 USD
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
98023000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
277623000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
257149000 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
119305000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
72383000 USD
CY2021Q4 qtm Revenue Remaining Performance Obligation Current
RevenueRemainingPerformanceObligationCurrent
102726000 USD
CY2021Q4 qtm Revenue Remaining Performance Obligation Noncurrent
RevenueRemainingPerformanceObligationNoncurrent
43276000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
146002000 USD
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
13281000 USD
CY2021Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
12690000 USD
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2820000 USD
CY2021Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2074000 USD
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
17811000 USD
CY2021Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
9703000 USD
CY2021Q4 qtm Manufacturing Inventories Net
ManufacturingInventoriesNet
33912000 USD
CY2021Q1 qtm Manufacturing Inventories Net
ManufacturingInventoriesNet
24467000 USD
CY2021Q4 qtm Service Parts Inventories Finished Goods
ServicePartsInventoriesFinishedGoods
17389000 USD
CY2021Q1 qtm Service Parts Inventories Finished Goods
ServicePartsInventoriesFinishedGoods
18773000 USD
CY2021Q4 qtm Service Parts Inventories Component Parts
ServicePartsInventoriesComponentParts
5143000 USD
CY2021Q1 qtm Service Parts Inventories Component Parts
ServicePartsInventoriesComponentParts
4648000 USD
CY2021Q4 qtm Service Parts Inventories
ServicePartsInventories
22532000 USD
CY2021Q1 qtm Service Parts Inventories
ServicePartsInventories
23421000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
13808000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3070000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10738000 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
CY2021Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1200000 USD
CY2020Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2500000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000 USD
us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P2Y7M6D
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1129000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
4568000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3417000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1624000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10738000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
3466000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
6796000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
10262000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
98750000 USD
CY2021Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
0 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
3750000 USD
CY2021Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
1850000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
4628000 USD
CY2021Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
9686000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
97928000 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
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3483000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3483000 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
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1141000 USD
CY2021Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2581000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2714000 USD
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8005000 USD
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8005000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
3855000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
10586000 USD
CY2021Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
3016000 USD
CY2020Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
1018000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
5145000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
3688000 USD
CY2021Q4 us-gaap Variable Lease Cost
VariableLeaseCost
527000 USD
CY2020Q4 us-gaap Variable Lease Cost
VariableLeaseCost
198000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
877000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
620000 USD
CY2021Q4 us-gaap Short Term Lease Cost
ShortTermLeaseCost
17000 USD
CY2020Q4 us-gaap Short Term Lease Cost
ShortTermLeaseCost
37000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
17000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
129000 USD
CY2021Q4 us-gaap Lease Cost
LeaseCost
3560000 USD
CY2020Q4 us-gaap Lease Cost
LeaseCost
1253000 USD
us-gaap Lease Cost
LeaseCost
6039000 USD
us-gaap Lease Cost
LeaseCost
4437000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
451000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1449000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1228000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
918000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
444000 USD
CY2021Q4 qtm Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
460000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4950000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1095000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
3855000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y7M17D
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y6M10D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1316
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1396
us-gaap Operating Lease Payments
OperatingLeasePayments
3100000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
4400000 USD
CY2021Q4 qtm Increase Decrease In Right Of Use Asset
IncreaseDecreaseInRightOfUseAsset
3800000 USD
CY2021Q4 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-3700000 USD
CY2021Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8802000 shares
CY2020Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8311000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9811000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7557000 shares
CY2021Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.126
CY2020Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.073
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.106
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.051
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
109200000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
90600000 USD
CY2021Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
1400000 USD
CY2021Q4 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
66300000 USD

Files In Submission

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0000709283-22-000005.txt Edgar Link pending
0000709283-22-000005-xbrl.zip Edgar Link pending
exhibit-311q322.htm Edgar Link pending
exhibit-312q322.htm Edgar Link pending
exhibit-321q322.htm Edgar Link pending
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qtm-20211231_cal.xml Edgar Link unprocessable
qtm-20211231_def.xml Edgar Link unprocessable
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qtm-20211231_htm.xml Edgar Link completed
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