$QMCO
QUANTUM CORP /DE/

2022 Q4 Form 10-Q Financial Statement

#000070928322000048 Filed on November 02, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $111.2M $99.14M
YoY Change 16.63% 6.39%
Cost Of Revenue $70.91M $71.31M
YoY Change 17.91% 30.14%
Gross Profit $40.29M $27.83M
YoY Change 14.42% -27.5%
Gross Profit Margin 36.23% 28.07%
Selling, General & Admin $27.31M $27.53M
YoY Change 0.21% 2.25%
% of Gross Profit 67.78% 98.93%
Research & Development $11.25M $10.55M
YoY Change -22.95% -14.88%
% of Gross Profit 27.93% 37.89%
Depreciation & Amortization $2.102M $2.547M
YoY Change -25.67% 18.03%
% of Gross Profit 5.22% 9.15%
Operating Expenses $38.52M $39.00M
YoY Change -9.22% -0.83%
Operating Profit $1.768M -$11.17M
YoY Change -124.47% 1090.72%
Interest Expense $2.701M $2.745M
YoY Change 11.11% -10.59%
% of Operating Profit 152.77%
Other Income/Expense, Net -$544.0K $2.431M
YoY Change 262.67% 1829.37%
Pretax Income -$1.477M -$11.48M
YoY Change -84.94% 29.87%
Income Tax $693.0K $461.0K
% Of Pretax Income
Net Earnings -$2.170M -$11.94M
YoY Change -80.38% 29.08%
Net Earnings / Revenue -1.95% -12.05%
Basic Earnings Per Share -$0.02 -$0.08
Diluted Earnings Per Share -$0.02 -$130.5K
COMMON SHARES
Basic Shares Outstanding 103.8M shares 102.7M shares
Diluted Shares Outstanding 92.75M shares 91.55M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.03M $25.70M
YoY Change 550.05% 12.92%
Cash & Equivalents $26.03M $25.70M
Short-Term Investments
Other Short-Term Assets $7.489M $4.839M
YoY Change -46.82% -57.74%
Inventory $58.22M $49.13M
Prepaid Expenses $7.198M $9.241M
Receivables $72.91M $61.31M
Other Receivables $0.00 $0.00
Total Short-Term Assets $172.1M $150.4M
YoY Change 22.09% 0.18%
LONG-TERM ASSETS
Property, Plant & Equipment $16.79M $15.97M
YoY Change 28.99% 29.91%
Goodwill $13.00M $13.00M
YoY Change 26.68% 36.8%
Intangibles $6.497M $7.245M
YoY Change -39.5% -20.66%
Long-Term Investments
YoY Change
Other Assets $13.60M $12.48M
YoY Change 47.79% 43.68%
Total Long-Term Assets $60.33M $59.24M
YoY Change 29.17% 22.68%
TOTAL ASSETS
Total Short-Term Assets $172.1M $150.4M
Total Long-Term Assets $60.33M $59.24M
Total Assets $232.4M $209.7M
YoY Change 23.86% 5.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $41.79M $34.26M
YoY Change -0.6% -7.37%
Accrued Expenses $15.85M $14.50M
YoY Change 2.6% -22.66%
Deferred Revenue $72.67M $70.18M
YoY Change -6.97% -10.14%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $5.000M $5.000M
YoY Change 33.33% 60.0%
Total Short-Term Liabilities $150.8M $137.1M
YoY Change -3.4% -10.03%
LONG-TERM LIABILITIES
Long-Term Debt $95.04M $89.75M
YoY Change -2.95% -11.46%
Other Long-Term Liabilities $12.15M $11.65M
YoY Change -2.33% -10.86%
Total Long-Term Liabilities $12.15M $11.65M
YoY Change -2.33% -10.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $150.8M $137.1M
Total Long-Term Liabilities $12.15M $11.65M
Total Liabilities $309.5M $289.0M
YoY Change -0.31% -8.09%
SHAREHOLDERS EQUITY
Retained Earnings -$795.2M -$793.1M
YoY Change 4.21% 5.46%
Common Stock $720.7M $717.7M
YoY Change 12.36% 12.65%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$77.05M -$79.34M
YoY Change
Total Liabilities & Shareholders Equity $232.4M $209.7M
YoY Change 23.86% 5.66%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$2.170M -$11.94M
YoY Change -80.38% 29.08%
Depreciation, Depletion And Amortization $2.102M $2.547M
YoY Change -25.67% 18.03%
Cash From Operating Activities -$1.661M $411.0K
YoY Change -85.45% -104.9%
INVESTING ACTIVITIES
Capital Expenditures $2.849M -$4.759M
YoY Change -280.89% 281.94%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$2.849M -$4.759M
YoY Change -35.0% -23.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.981M 3.349M
YoY Change -262.25% -74.59%
NET CHANGE
Cash From Operating Activities -1.661M 411.0K
Cash From Investing Activities -2.849M -4.759M
Cash From Financing Activities 4.981M 3.349M
Net Change In Cash 471.0K -999.0K
YoY Change -102.5% -31.72%
FREE CASH FLOW
Cash From Operating Activities -$1.661M $411.0K
Capital Expenditures $2.849M -$4.759M
Free Cash Flow -$4.510M $5.170M
YoY Change -54.19% -172.31%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Registrant Name
EntityRegistrantName
QUANTUM CORP /DE/
dei Entity Central Index Key
EntityCentralIndexKey
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dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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dei Document Fiscal Year Focus
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CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-9253000 usd
us-gaap Net Income Loss
NetIncomeLoss
-22164000 usd
us-gaap Net Income Loss
NetIncomeLoss
-13406000 usd
CY2022Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-1298000 usd
CY2021Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-506000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-2574000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-239000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-13242000 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-9759000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-24738000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-13645000 usd
us-gaap Net Income Loss
NetIncomeLoss
-22164000 usd
us-gaap Net Income Loss
NetIncomeLoss
-13406000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5133000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3967000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
768000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1629000 usd
qtm Long Term Debt Restatement Costs
LongTermDebtRestatementCosts
992000 usd
qtm Long Term Debt Restatement Costs
LongTermDebtRestatementCosts
0 usd
qtm Service Parts Inventory Write Down
ServicePartsInventoryWriteDown
9946000 usd
qtm Service Parts Inventory Write Down
ServicePartsInventoryWriteDown
2418000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
5357000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
6273000 usd
qtm Gain Loss On Loan Forgiveness
GainLossOnLoanForgiveness
0 usd
qtm Gain Loss On Loan Forgiveness
GainLossOnLoanForgiveness
10000000 usd
qtm Noncash Gain Loss On Extinguishment Of Debt
NoncashGainLossOnExtinguishmentOfDebt
0 usd
qtm Noncash Gain Loss On Extinguishment Of Debt
NoncashGainLossOnExtinguishmentOfDebt
-8471000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-152000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
41000 usd
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
2766000 usd
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
61000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-8264000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-10024000 usd
qtm Increase Decrease In Manufacturing Inventories Net
IncreaseDecreaseInManufacturingInventoriesNet
-416000 usd
qtm Increase Decrease In Manufacturing Inventories Net
IncreaseDecreaseInManufacturingInventoriesNet
5199000 usd
qtm Increase Decrease In Service Parts Inventories Net
IncreaseDecreaseInServicePartsInventoriesNet
1971000 usd
qtm Increase Decrease In Service Parts Inventories Net
IncreaseDecreaseInServicePartsInventoriesNet
1818000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1208000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
3224000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
293000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1559000 usd
us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
115000 usd
us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
-560000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-2949000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-3779000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-17747000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-9032000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
486000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
962000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
349000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
1266000 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
769000 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-353000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-196000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
16000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-17935000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-15262000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7795000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2396000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2000000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
5000000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9795000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7396000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
94961000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
22096000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
93051000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
229605000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
126084000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
226240000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
116084000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
66723000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
806000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
47992000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
12716000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
166000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
20428000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9930000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5493000 usd
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33137000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25921000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23207000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
25698000 usd
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22757000 usd
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
223000 usd
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
450000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25921000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23207000 usd
us-gaap Interest Paid Net
InterestPaidNet
4114000 usd
us-gaap Interest Paid Net
InterestPaidNet
5198000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
465000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
480000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
548000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
309000 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
319000 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
0 usd
qtm Non Cash Deemed Dividends On Warrants
NonCashDeemedDividendsOnWarrants
389000 usd
qtm Non Cash Deemed Dividends On Warrants
NonCashDeemedDividendsOnWarrants
0 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
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-68787000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-11944000 usd
CY2022Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-1298000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
471000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 usd
CY2022Q3 qtm Rights Offering Expense
RightsOfferingExpense
71000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2287000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
-79342000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
-112245000 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
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-126683000 usd
us-gaap Net Income Loss
NetIncomeLoss
-22164000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-2574000 usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
472000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
66250000 usd
us-gaap Warrant Down Round Feature Increase Decrease In Equity Amount1
WarrantDownRoundFeatureIncreaseDecreaseInEquityAmount1
389000 usd
qtm Deemed Dividend
DeemedDividend
389000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5357000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
-79342000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
196212000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
182278000 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%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the financial statements and accompanying notes. Actual results could differ from these estimates and assumptions due to risks and uncertainties, including uncertainty in the current economic environment from the ongoing COVID-19 pandemic. Such estimates include, but are not limited to, the determination of standalone selling price for revenue arrangements with multiple performance obligations, useful lives of intangible assets and property and equipment, stock-based compensation and provision for income taxes including related reserves. Management bases its estimates on historical experience and on various other assumptions which management believes to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities.</span></div>
CY2022Q3 qtm Revenue Remaining Performance Obligation Current
RevenueRemainingPerformanceObligationCurrent
120040000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022Q3 qtm Operations In Geographic Regions
OperationsInGeographicRegions
3 region
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
99137000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
93180000 usd
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
110349000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
54329000 usd
CY2022Q3 qtm Revenue Remaining Performance Obligation Noncurrent
RevenueRemainingPerformanceObligationNoncurrent
42104000 usd
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.046
CY2022Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
162144000 usd
CY2022Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
11443000 usd
CY2022Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
14607000 usd
CY2022Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1618000 usd
CY2022Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2546000 usd
CY2022Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
10610000 usd
CY2022Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
16393000 usd
CY2022Q3 qtm Manufacturing Inventories Net
ManufacturingInventoriesNet
23671000 usd
CY2022Q1 qtm Manufacturing Inventories Net
ManufacturingInventoriesNet
33546000 usd
CY2022Q3 qtm Service Parts Inventories Finished Goods
ServicePartsInventoriesFinishedGoods
20435000 usd
CY2022Q1 qtm Service Parts Inventories Finished Goods
ServicePartsInventoriesFinishedGoods
19234000 usd
CY2022Q3 qtm Service Parts Inventories Component Parts
ServicePartsInventoriesComponentParts
5023000 usd
CY2022Q1 qtm Service Parts Inventories Component Parts
ServicePartsInventoriesComponentParts
5020000 usd
CY2022Q3 qtm Service Parts Inventories
ServicePartsInventories
25458000 usd
CY2022Q1 qtm Service Parts Inventories
ServicePartsInventories
24254000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
2229000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3417000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1599000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
13808000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6563000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7245000 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
13808000 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4224000 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
9584000 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1200000 usd
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
800000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2300000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1300000 usd
us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P1Y10M24D
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
0 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7245000 usd
CY2022Q3 us-gaap Goodwill
Goodwill
13000000 usd
CY2022Q1 us-gaap Goodwill
Goodwill
13000000 usd
CY2021Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1293000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.032
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
5000000 usd
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
4375000 usd
CY2022Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
3917000 usd
CY2022Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
4899000 usd
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
89750000 usd
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
107184000 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10579000 usd
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11107000 usd
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1727000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
10315000 usd
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
9891000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
11608000 usd
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
11618000 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1003000 usd
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
994000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
2029000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
2129000 usd
CY2022Q3 us-gaap Variable Lease Cost
VariableLeaseCost
179000 usd
CY2021Q3 us-gaap Variable Lease Cost
VariableLeaseCost
177000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
337000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
351000 usd
CY2022Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 usd
CY2021Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
4000 usd
CY2022Q3 us-gaap Lease Cost
LeaseCost
1182000 usd
CY2021Q3 us-gaap Lease Cost
LeaseCost
1175000 usd
us-gaap Lease Cost
LeaseCost
2366000 usd
us-gaap Lease Cost
LeaseCost
2484000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1495000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2305000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2062000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1644000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1542000 usd
CY2022Q3 qtm Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
14670000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
23718000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
12110000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
11608000 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y2M12D
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y10M17D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.128
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.129
us-gaap Operating Lease Payments
OperatingLeasePayments
2200000 usd
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
125000000 shares
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
225000000 shares
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2110000 shares
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9195000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2480000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10315000 shares
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.116
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.065
CY2022Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
102300000 usd
CY2022Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
83600000 usd
CY2022Q3 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
1300000 usd
CY2022Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
10800000 usd
CY2022Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
10100000 usd
CY2022Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
700000 usd
CY2022Q3 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
42600000 usd

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0000709283-22-000048.txt Edgar Link pending
0000709283-22-000048-xbrl.zip Edgar Link pending
exhibit-311q223.htm Edgar Link pending
exhibit-312q223.htm Edgar Link pending
exhibit-321q223.htm Edgar Link pending
exhibit-322q223.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
image_0a.jpg Edgar Link pending
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qtm-20220930.htm Edgar Link pending
qtm-20220930.xsd Edgar Link pending
qtm-20220930_g1.jpg Edgar Link pending
quantumcorporation-certifi.htm Edgar Link pending
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qtm-20220930_def.xml Edgar Link unprocessable
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qtm-20220930_htm.xml Edgar Link completed
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report.css Edgar Link pending
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qtm-20220930_lab.xml Edgar Link unprocessable