2023 Q1 Form 10-Q Financial Statement

#000070928323000006 Filed on February 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4
Revenue $105.3M $111.2M
YoY Change 10.65% 16.63%
Cost Of Revenue $73.57M $70.91M
YoY Change 24.6% 17.91%
Gross Profit $31.77M $40.29M
YoY Change -12.13% 14.42%
Gross Profit Margin 30.16% 36.23%
Selling, General & Admin $30.67M $27.31M
YoY Change 8.54% 0.21%
% of Gross Profit 96.53% 67.78%
Research & Development $10.63M $11.25M
YoY Change -21.4% -22.95%
% of Gross Profit 33.46% 27.93%
Depreciation & Amortization $2.883M $2.102M
YoY Change 9.91% -25.67%
% of Gross Profit 9.07% 5.22%
Operating Expenses $41.30M $38.52M
YoY Change -1.15% -9.22%
Operating Profit -$9.528M $1.768M
YoY Change 69.48% -124.47%
Interest Expense -$3.023M $2.701M
YoY Change 20.87% 11.11%
% of Operating Profit 152.77%
Other Income/Expense, Net -$682.0K -$544.0K
YoY Change 2335.71% 262.67%
Pretax Income -$13.23M -$1.477M
YoY Change 62.35% -84.94%
Income Tax $376.0K $693.0K
% Of Pretax Income
Net Earnings -$13.61M -$2.170M
YoY Change 74.16% -80.38%
Net Earnings / Revenue -12.92% -1.95%
Basic Earnings Per Share -$0.11 -$0.02
Diluted Earnings Per Share -$0.15 -$0.02
COMMON SHARES
Basic Shares Outstanding 105.2M shares 103.8M shares
Diluted Shares Outstanding 92.75M shares

Balance Sheet

Concept 2023 Q1 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.96M $26.03M
YoY Change 398.33% 550.05%
Cash & Equivalents $25.96M $26.03M
Short-Term Investments
Other Short-Term Assets $5.513M $7.489M
YoY Change 17.37% -46.82%
Inventory $44.75M $58.22M
Prepaid Expenses $4.158M $7.198M
Receivables $72.46M $72.91M
Other Receivables $0.00 $0.00
Total Short-Term Assets $153.1M $172.1M
YoY Change 5.41% 22.09%
LONG-TERM ASSETS
Property, Plant & Equipment $16.56M $16.79M
YoY Change 28.8% 28.99%
Goodwill $12.97M $13.00M
YoY Change -0.24% 26.68%
Intangibles $4.941M $6.497M
YoY Change -48.45% -39.5%
Long-Term Investments
YoY Change
Other Assets $15.85M $13.60M
YoY Change 59.66% 47.79%
Total Long-Term Assets $60.60M $60.33M
YoY Change 7.38% 29.17%
TOTAL ASSETS
Total Short-Term Assets $153.1M $172.1M
Total Long-Term Assets $60.60M $60.33M
Total Assets $213.7M $232.4M
YoY Change 5.96% 23.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.72M $41.79M
YoY Change 4.37% -0.6%
Accrued Expenses $13.67M $15.85M
YoY Change -17.49% 2.6%
Deferred Revenue $82.50M $72.67M
YoY Change -4.64% -6.97%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $5.000M $5.000M
YoY Change 14.29% 33.33%
Total Short-Term Liabilities $152.6M $150.8M
YoY Change -3.31% -3.4%
LONG-TERM LIABILITIES
Long-Term Debt $83.10M $95.04M
YoY Change -22.47% -2.95%
Other Long-Term Liabilities $11.37M $12.15M
YoY Change -4.04% -2.33%
Total Long-Term Liabilities $11.37M $12.15M
YoY Change -4.04% -2.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $152.6M $150.8M
Total Long-Term Liabilities $11.37M $12.15M
Total Liabilities $300.5M $309.5M
YoY Change -8.46% -0.31%
SHAREHOLDERS EQUITY
Retained Earnings -$808.8M -$795.2M
YoY Change 4.92% 4.21%
Common Stock $723.5M $720.7M
YoY Change 12.06% 12.36%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$86.89M -$77.05M
YoY Change
Total Liabilities & Shareholders Equity $213.7M $232.4M
YoY Change 5.96% 23.86%

Cashflow Statement

Concept 2023 Q1 2022 Q4
OPERATING ACTIVITIES
Net Income -$13.61M -$2.170M
YoY Change 74.16% -80.38%
Depreciation, Depletion And Amortization $2.883M $2.102M
YoY Change 9.91% -25.67%
Cash From Operating Activities $14.70M -$1.661M
YoY Change -308.63% -85.45%
INVESTING ACTIVITIES
Capital Expenditures $1.937M $2.849M
YoY Change -182.6% -280.89%
Acquisitions
YoY Change
Other Investing Activities -$1.020M $0.00
YoY Change -100.0%
Cash From Investing Activities -$2.957M -$2.849M
YoY Change 26.1% -35.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.81M 4.981M
YoY Change -212.34% -262.25%
NET CHANGE
Cash From Operating Activities 14.70M -1.661M
Cash From Investing Activities -2.957M -2.849M
Cash From Financing Activities -11.81M 4.981M
Net Change In Cash -63.00K 471.0K
YoY Change -105.63% -102.5%
FREE CASH FLOW
Cash From Operating Activities $14.70M -$1.661M
Capital Expenditures $1.937M $2.849M
Free Cash Flow $12.77M -$4.510M
YoY Change -371.48% -54.19%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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224 Airport Parkway
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WeightedAverageNumberOfSharesOutstandingBasic
89335000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
89335000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58399000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58399000 shares
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-2170000 usd
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
-11060000 usd
us-gaap Net Income Loss
NetIncomeLoss
-24334000 usd
us-gaap Net Income Loss
NetIncomeLoss
-24466000 usd
CY2022Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1480000 usd
CY2021Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-37000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-1094000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-276000 usd
CY2022Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-690000 usd
CY2021Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-11097000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-25428000 usd
us-gaap Net Income Loss
NetIncomeLoss
-24334000 usd
us-gaap Net Income Loss
NetIncomeLoss
-24466000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7235000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6795000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1201000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1981000 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
11334000 usd
qtm Service Parts Inventory Write Down
ServicePartsInventoryWriteDown
4016000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
8340000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
10580000 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
-2059000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
282000 usd
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
1134000 usd
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
0 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3367000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-7008000 usd
qtm Increase Decrease In Manufacturing Inventories Net
IncreaseDecreaseInManufacturingInventoriesNet
9352000 usd
qtm Increase Decrease In Manufacturing Inventories Net
IncreaseDecreaseInManufacturingInventoriesNet
10672000 usd
qtm Increase Decrease In Service Parts Inventories Net
IncreaseDecreaseInServicePartsInventoriesNet
2671000 usd
qtm Increase Decrease In Service Parts Inventories Net
IncreaseDecreaseInServicePartsInventoriesNet
2281000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-654000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
5653000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
7015000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
5369000 usd
us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
130000 usd
us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
17000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-614000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-3021000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-14351000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-8598000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
2812000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
1394000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-1357000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
1148000 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
2540000 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-3350000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
300000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-617000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-19596000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-26681000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10644000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3971000 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
7808000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-12644000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11779000 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
23346000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
93677000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
363103000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
207563000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
353502000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
200007000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
66718000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
806000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
52973000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
9646000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21000 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
20754000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-28802000 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
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26247000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4335000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26028000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4004000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
219000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
331000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26247000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4335000 usd
us-gaap Interest Paid Net
InterestPaidNet
6270000 usd
us-gaap Interest Paid Net
InterestPaidNet
7180000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
837000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
541000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1198000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1148000 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
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 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
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
-79342000 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-2170000 usd
CY2022Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1480000 usd
CY2022Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 usd
CY2022Q4 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
0 usd
CY2022Q4 qtm Rights Offering Expense
RightsOfferingExpense
2000 usd
CY2022Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2981000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-77053000 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
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-126683000 usd
us-gaap Net Income Loss
NetIncomeLoss
-24334000 usd
us-gaap Net Income Loss
NetIncomeLoss
-24334000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-1094000 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 Acquisitions
StockIssuedDuringPeriodValueAcquisitions
0 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
66246000 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
8340000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-77053000 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>
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022Q4 qtm Operations In Geographic Regions
OperationsInGeographicRegions
3 region
CY2022Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
111196000 usd
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
95344000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
307407000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
277623000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
113745000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
71669000 usd
CY2022Q4 qtm Revenue Remaining Performance Obligation Current
RevenueRemainingPerformanceObligationCurrent
105981000 usd
CY2022Q4 qtm Revenue Remaining Performance Obligation Noncurrent
RevenueRemainingPerformanceObligationNoncurrent
42645000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
148626000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
13639000 usd
CY2022Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
14607000 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2268000 usd
CY2022Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2546000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
16495000 usd
CY2022Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
16393000 usd
CY2022Q4 qtm Manufacturing Inventories Net
ManufacturingInventoriesNet
32402000 usd
CY2022Q1 qtm Manufacturing Inventories Net
ManufacturingInventoriesNet
33546000 usd
CY2022Q4 qtm Service Parts Inventories Finished Goods
ServicePartsInventoriesFinishedGoods
21215000 usd
CY2022Q1 qtm Service Parts Inventories Finished Goods
ServicePartsInventoriesFinishedGoods
19234000 usd
CY2022Q4 qtm Service Parts Inventories Component Parts
ServicePartsInventoriesComponentParts
4607000 usd
CY2022Q1 qtm Service Parts Inventories Component Parts
ServicePartsInventoriesComponentParts
5020000 usd
CY2022Q4 qtm Service Parts Inventories
ServicePartsInventories
25822000 usd
CY2022Q1 qtm Service Parts Inventories
ServicePartsInventories
24254000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
13411000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6914000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6497000 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
13411000 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3827000 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
9584000 usd
CY2022Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
700000 usd
CY2021Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1200000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3100000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2500000 usd
us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P1Y9M18D
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1147000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3523000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1827000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
0 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6497000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
13000000 usd
CY2022Q1 us-gaap Goodwill
Goodwill
13000000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1202000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
527000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
5000000 usd
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
4375000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
3611000 usd
CY2022Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
4899000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
95042000 usd
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
107183000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10468000 usd
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11107000 usd
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1727000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
10346000 usd
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
9891000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
11548000 usd
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
11618000 usd
CY2022Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
994000 usd
CY2021Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
887000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
3023000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
3016000 usd
CY2022Q4 us-gaap Variable Lease Cost
VariableLeaseCost
176000 usd
CY2021Q4 us-gaap Variable Lease Cost
VariableLeaseCost
176000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
513000 usd
CY2022Q4 us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 usd
CY2021Q4 us-gaap Short Term Lease Cost
ShortTermLeaseCost
13000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
17000 usd
CY2022Q4 us-gaap Lease Cost
LeaseCost
1170000 usd
CY2021Q4 us-gaap Lease Cost
LeaseCost
1076000 usd
us-gaap Lease Cost
LeaseCost
3536000 usd
us-gaap Lease Cost
LeaseCost
3560000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
657000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2495000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2185000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1717000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1586000 usd
CY2022Q4 qtm Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
14696000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
23336000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
11788000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
11548000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y1M9D
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y10M17D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.126
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.129
us-gaap Operating Lease Payments
OperatingLeasePayments
2400000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
3100000 usd
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
125000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
225000000 shares
CY2022Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
10800000 usd
CY2022Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5450000 shares
CY2021Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8802000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3763000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9811000 shares
CY2022Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.071
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.067
CY2021Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.126
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.073
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
103000000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
84300000 usd
CY2022Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
1400000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
10800000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
10100000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
700000 usd
CY2022Q4 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
36700000 usd

Files In Submission

Name View Source Status
qtm-20221231_lab.xml Edgar Link unprocessable
0000709283-23-000006-index-headers.html Edgar Link pending
0000709283-23-000006-index.html Edgar Link pending
0000709283-23-000006.txt Edgar Link pending
0000709283-23-000006-xbrl.zip Edgar Link pending
exhibit-311q323.htm Edgar Link pending
exhibit-312q323.htm Edgar Link pending
exhibit-321q323.htm Edgar Link pending
exhibit-322q323.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
qtm-20221231_def.xml Edgar Link unprocessable
qtm-20221231_cal.xml Edgar Link unprocessable
MetaLinks.json Edgar Link pending
qtm-20221231.htm Edgar Link pending
qtm-20221231.xsd Edgar Link pending
qtm-20221231_g1.jpg Edgar Link pending
R1.htm Edgar Link pending
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R9.htm Edgar Link pending
qtm-20221231_htm.xml Edgar Link completed
report.css Edgar Link pending
Show.js Edgar Link pending
qtm-20221231_pre.xml Edgar Link unprocessable