$QMCO
QUANTUM CORP /DE/ Stock $qmco

$qmco Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000070928323000029 Filed on August 08, 2023

Income Statement

Concept	2023 Q3	2023 Q2	2022 Q2
Revenue	$75.68M	$91.79M	$97.07M
YoY Change	-23.66%	-5.45%	8.95%
Cost Of Revenue	$42.94M	$56.85M	$63.03M
YoY Change	-39.78%	-9.79%	21.62%
Gross Profit	$32.74M	$34.93M	$34.05M
YoY Change	17.62%	2.6%	-8.66%
Gross Profit Margin	43.26%	38.06%	35.07%
Selling, General & Admin	$25.96M	$28.54M	$28.28M
YoY Change	-5.72%	0.93%	9.69%
% of Gross Profit	79.29%	81.69%	83.05%
Research & Development	$9.152M	$10.91M	$12.13M
YoY Change	-13.22%	-10.0%	7.39%
% of Gross Profit	27.96%	31.24%	35.61%
Depreciation & Amortization		$2.752M	$2.586M
YoY Change		6.42%	42.95%
% of Gross Profit		7.88%	7.6%
Operating Expenses	$36.45M	$40.78M	$41.13M
YoY Change	-6.54%	-0.84%	10.16%
Operating Profit	-$3.712M	-$5.847M	-$7.078M
YoY Change	-66.77%	-17.39%	12539.29%
Interest Expense		$3.201M	$2.091M
YoY Change		53.08%	-46.19%
% of Operating Profit
Other Income/Expense, Net	$367.0K	-$998.0K	$751.0K
YoY Change	-84.9%	-232.89%	-479.29%
Pretax Income	-$2.798M	-$10.05M	-$9.810M
YoY Change	-75.63%	2.41%	136.96%
Income Tax	$533.0K	$530.0K	$410.0K
% Of Pretax Income
Net Earnings	-$3.331M	-$10.58M	-$10.22M
YoY Change	-72.11%	3.48%	146.09%
Net Earnings / Revenue	-4.4%	-11.52%	-10.53%
Basic Earnings Per Share	-$0.04	-$0.11	-$0.13
Diluted Earnings Per Share	-$0.04	-$0.11	-$122.2K
COMMON SHARES
Basic Shares Outstanding	95.04M shares	93.70M shares	83.64M shares
Diluted Shares Outstanding	95.01M shares	93.67M shares	83.64M shares

Balance Sheet

Concept	2023 Q3	2023 Q2	2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments		$25.47M	$26.53M
YoY Change		-4.01%	38.88%
Cash & Equivalents	$25.57M	$25.47M	$26.53M
Short-Term Investments
Other Short-Term Assets	$5.389M	$6.004M	$4.574M
YoY Change	11.37%	31.26%	-61.73%
Inventory		$45.29M	$57.77M
Prepaid Expenses	$4.149M	$6.444M	$10.72M
Receivables	$51.53M	$66.25M	$64.91M
Other Receivables		$0.00	$0.00
Total Short-Term Assets	$134.1M	$149.7M	$164.8M
YoY Change	-10.88%	-9.17%	17.1%
LONG-TERM ASSETS
Property, Plant & Equipment	$14.62M	$15.58M	$14.09M
YoY Change	-8.46%	10.57%	55.41%
Goodwill	$12.97M	$13.00M	$13.00M
YoY Change	-0.24%	0.0%	275.07%
Intangibles	$2.819M	$3.801M	$8.420M
YoY Change	-61.09%	-54.86%	84.16%
Long-Term Investments
YoY Change
Other Assets	$20.48M	$18.46M	$10.80M
YoY Change	64.1%	71.02%	58.46%
Total Long-Term Assets	$60.73M	$60.83M	$56.92M
YoY Change	2.51%	6.88%	51.85%
TOTAL ASSETS
Total Short-Term Assets	$134.1M	$149.7M	$164.8M
Total Long-Term Assets	$60.73M	$60.83M	$56.92M
Total Assets	$194.8M	$210.5M	$221.7M
YoY Change	-7.1%	-5.05%	24.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$26.95M	$30.56M	$33.87M
YoY Change	-21.36%	-9.76%	6.01%
Accrued Expenses	$11.72M	$12.72M	$14.16M
YoY Change	-19.16%	-10.19%	-14.87%
Deferred Revenue	$70.70M	$79.69M	$74.27M
YoY Change	0.73%	7.3%	-5.19%
Short-Term Debt		$0.00	$0.00
YoY Change
Long-Term Debt Due	$82.68M	$5.000M	$5.000M
YoY Change	1553.62%	0.0%	-57.81%
Total Short-Term Liabilities	$231.3M	$142.9M	$141.8M
YoY Change	68.66%	0.73%	-7.45%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$95.61M	$86.50M
YoY Change	-100.0%	10.54%	6.38%
Other Long-Term Liabilities	$12.52M	$12.19M	$12.01M
YoY Change	7.46%	1.48%	-12.72%
Total Long-Term Liabilities	$12.52M	$12.19M	$12.01M
YoY Change	7.46%	1.48%	-12.72%
TOTAL LIABILITIES
Total Short-Term Liabilities	$231.3M	$142.9M	$141.8M
Total Long-Term Liabilities	$12.52M	$12.19M	$12.01M
Total Liabilities	$289.2M	$304.6M	$290.5M
YoY Change	0.07%	4.86%	-0.22%
SHAREHOLDERS EQUITY
Retained Earnings	-$798.6M	-$819.4M	-$781.1M
YoY Change	0.69%	4.9%	5.16%
Common Stock	$706.2M	$726.7M	$715.0M
YoY Change	-1.61%	1.63%	13.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$94.43M	-$94.08M	-$68.79M
YoY Change
Total Liabilities & Shareholders Equity	$194.8M	$210.5M	$221.7M
YoY Change	-7.1%	-5.05%	24.41%

Cashflow Statement

Concept	2023 Q3	2023 Q2	2022 Q2
OPERATING ACTIVITIES
Net Income	-$3.331M	-$10.58M	-$10.22M
YoY Change	-72.11%	3.48%	146.09%
Depreciation, Depletion And Amortization		$2.752M	$2.586M
YoY Change		6.42%	42.95%
Cash From Operating Activities		-$10.66M	-$18.35M
YoY Change		-41.92%	167.2%
INVESTING ACTIVITIES
Capital Expenditures		$2.299M	$3.036M
YoY Change		-24.28%	164.0%
Acquisitions		$0.00	$2.000M
YoY Change		-100.0%
Other Investing Activities		$0.00	-$2.000M
YoY Change		-100.0%
Cash From Investing Activities		-$2.299M	-$5.036M
YoY Change		-54.35%	337.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$66.32M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities		$12.45M	$44.64M
YoY Change		-72.12%	-9742.12%
NET CHANGE
Cash From Operating Activities		-$10.66M	-$18.35M
Cash From Investing Activities		-$2.299M	-$5.036M
Cash From Financing Activities		$12.45M	$44.64M
Net Change In Cash		-$510.0K	$21.29M
YoY Change		-102.4%	-350.68%
FREE CASH FLOW
Cash From Operating Activities		-$10.66M	-$18.35M
Capital Expenditures		$2.299M	$3.036M
Free Cash Flow		-$12.95M	-$21.38M
YoY Change		-39.42%	166.74%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q2	us-gaap	Operating Lease Liability Current Statement Of Financial Position Extensible List OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent
CY2023Q1	us-gaap	Operating Lease Liability Current Statement Of Financial Position Extensible List OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent
CY2023Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	79686000	usd
CY2023Q1	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	82504000	usd
CY2023Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	5000000	usd
CY2023Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	5000000	usd
CY2023Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	14894000	usd
CY2023Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	15710000	usd
CY2023Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	12715000	usd
CY2023Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	13666000	usd
CY2023Q2	us-gaap	Liabilities Current LiabilitiesCurrent	142855000	usd
CY2023Q1	us-gaap	Liabilities Current LiabilitiesCurrent	152596000	usd
CY2023Q2	us-gaap	Contract With Customer Liability Noncurrent ContractWithCustomerLiabilityNoncurrent	43903000	usd
CY2023Q1	us-gaap	Contract With Customer Liability Noncurrent ContractWithCustomerLiabilityNoncurrent	43306000	usd
CY2023Q2	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	17800000	usd
CY2023Q1	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	16750000	usd
CY2023Q2	us-gaap	Secured Debt SecuredDebt	77814000	usd
CY2023Q1	us-gaap	Secured Debt SecuredDebt	66354000	usd
CY2023Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	10001000	usd
CY2023Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	10169000	usd
CY2023Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	12191000	usd
CY2023Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	11370000	usd
CY2023Q2	us-gaap	Liabilities Liabilities	304564000	usd
CY2023Q1	us-gaap	Liabilities Liabilities	300545000	usd
CY2023Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	20000000	shares
CY2023Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	20000000	shares
CY2023Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2023Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2023Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2023Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2023Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2023Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2023Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	225000000	shares
CY2023Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	225000000	shares
CY2023Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	93705000	shares
CY2023Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	93705000	shares
CY2023Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	93574000	shares
CY2023Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	93574000	shares
CY2023Q2	us-gaap	Common Stock Value CommonStockValue	938000	usd
CY2023Q1	us-gaap	Common Stock Value CommonStockValue	936000	usd
CY2023Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	725736000	usd
CY2023Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	722603000	usd
CY2023Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-819422000	usd
CY2023Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-808846000	usd
CY2023Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-1332000	usd
CY2023Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-1581000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	-94080000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	-86888000	usd
CY2023Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	210484000	usd
CY2023Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	213657000	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	91787000	usd
CY2022Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	97074000	usd
CY2023Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	56854000	usd
CY2022Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	63026000	usd
CY2023Q2	us-gaap	Gross Profit GrossProfit	34933000	usd
CY2022Q2	us-gaap	Gross Profit GrossProfit	34048000	usd
CY2023Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	10913000	usd
CY2022Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	12125000	usd
CY2023Q2	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	15839000	usd
CY2022Q2	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	15962000	usd
CY2023Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	12699000	usd
CY2022Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	12314000	usd
CY2023Q2	us-gaap	Restructuring Charges RestructuringCharges	1329000	usd
CY2022Q2	us-gaap	Restructuring Charges RestructuringCharges	725000	usd
CY2023Q2	us-gaap	Operating Expenses OperatingExpenses	40780000	usd
CY2022Q2	us-gaap	Operating Expenses OperatingExpenses	41126000	usd
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-5847000	usd
CY2022Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-7078000	usd
CY2023Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-998000	usd
CY2022Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	751000	usd
CY2023Q2	us-gaap	Interest Expense InterestExpense	3201000	usd
CY2022Q2	us-gaap	Interest Expense InterestExpense	2091000	usd
CY2023Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
CY2022Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-1392000	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-10046000	usd
CY2022Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-9810000	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	530000	usd
CY2022Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	410000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	-10576000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	-10220000	usd
CY2023Q2	qtm	Deemed Dividend DeemedDividend	0	usd
CY2022Q2	qtm	Deemed Dividend DeemedDividend	389000	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-10576000	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-10576000	usd
CY2022Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-10609000	usd
CY2022Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-10609000	usd
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.11
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.13
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	93673000	shares
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	83641000	shares
CY2023Q2	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	734000	usd
CY2022Q2	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	-1469000	usd
CY2023Q2	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-6255000	usd
CY2022Q2	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-4677000	usd
CY2023Q2	qtm	Increase Decrease In Manufacturing Inventories Net IncreaseDecreaseInManufacturingInventoriesNet	692000	usd
CY2022Q2	qtm	Increase Decrease In Manufacturing Inventories Net IncreaseDecreaseInManufacturingInventoriesNet	412000	usd
CY2023Q2	qtm	Increase Decrease In Service Parts Inventories Net IncreaseDecreaseInServicePartsInventoriesNet	516000	usd
CY2022Q2	qtm	Increase Decrease In Service Parts Inventories Net IncreaseDecreaseInServicePartsInventoriesNet	1384000	usd
CY2023Q2	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	2287000	usd
CY2022Q2	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	2745000	usd
CY2023Q2	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-5421000	usd
CY2022Q2	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-175000	usd
CY2023Q2	us-gaap	Increase Decrease In Restructuring Reserve IncreaseDecreaseInRestructuringReserve	110000	usd
CY2022Q2	us-gaap	Increase Decrease In Restructuring Reserve IncreaseDecreaseInRestructuringReserve	39000	usd
CY2023Q2	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-816000	usd
CY2022Q2	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-1610000	usd
CY2023Q2	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-2221000	usd
CY2022Q2	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-13634000	usd
CY2023Q2	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	487000	usd
CY2022Q2	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-6000	usd
CY2023Q2	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	935000	usd
CY2022Q2	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	261000	usd
CY2023Q2	us-gaap	Increase Decrease In Other Current Liabilities IncreaseDecreaseInOtherCurrentLiabilities	-954000	usd
CY2022Q2	us-gaap	Increase Decrease In Other Current Liabilities IncreaseDecreaseInOtherCurrentLiabilities	64000	usd
CY2023Q2	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	1462000	usd
CY2022Q2	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	164000	usd
CY2023Q2	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-10655000	usd
CY2022Q2	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-18346000	usd
CY2023Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2299000	usd
CY2022Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3036000	usd
CY2023Q2	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	usd
CY2022Q2	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	2000000	usd
CY2023Q2	qtm	Non Cash Deemed Dividends On Warrants NonCashDeemedDividendsOnWarrants	0	usd
CY2022Q2	qtm	Non Cash Deemed Dividends On Warrants NonCashDeemedDividendsOnWarrants	389000	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	-126683000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	-10220000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-1276000	usd
CY2022Q2	us-gaap	Stock Issued During Period Value Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan	0	usd
CY2022Q2	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	66323000	usd
CY2022Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	3069000	usd
CY2022Q2	us-gaap	Warrant Down Round Feature Increase Decrease In Equity Amount1 WarrantDownRoundFeatureIncreaseDecreaseInEquityAmount1	389000	usd
CY2022Q2	qtm	Deemed Dividend DeemedDividend	389000	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	-68787000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	-86888000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	-10576000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	249000	usd
CY2023Q2	us-gaap	Stock Issued During Period Value Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan	0	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Warrant Issued AdjustmentsToAdditionalPaidInCapitalWarrantIssued	1234000	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1901000	usd
CY2023Q2	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 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. 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>
CY2023Q2	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2023Q2	qtm	Operations In Geographic Regions OperationsInGeographicRegions	3	region
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	91787000	usd
CY2022Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	97074000	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	91787000	usd
CY2022Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	97074000	usd
CY2023Q2	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	123589000	usd
CY2023Q2	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	26919000	usd
CY2023Q2	qtm	Revenue Remaining Performance Obligation Current RevenueRemainingPerformanceObligationCurrent	95299000	usd
CY2023Q2	qtm	Revenue Remaining Performance Obligation Noncurrent RevenueRemainingPerformanceObligationNoncurrent	46032000	usd
CY2023Q2	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	141331000	usd
CY2023Q2	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	123589000	usd
CY2023Q2	qtm	Contract With Customer Liability One Year Or Less ContractWithCustomerLiabilityOneYearOrLess	79685000	usd
CY2023Q2	qtm	Contract With Customer Liability One To Three Years ContractWithCustomerLiabilityOneToThreeYears	41133000	usd
CY2023Q2	qtm	Contract With Customer Liability Three Year Or Greater ContractWithCustomerLiabilityThreeYearOrGreater	2771000	usd
CY2023Q2	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	7395000	usd
CY2023Q1	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	6958000	usd
CY2023Q2	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	1538000	usd
CY2023Q1	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	1304000	usd
CY2023Q2	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	11084000	usd
CY2023Q1	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	11179000	usd
CY2023Q2	qtm	Manufacturing Inventories Net ManufacturingInventoriesNet	20017000	usd
CY2023Q1	qtm	Manufacturing Inventories Net ManufacturingInventoriesNet	19441000	usd
CY2023Q2	qtm	Service Parts Inventories Finished Goods ServicePartsInventoriesFinishedGoods	17884000	usd
CY2023Q1	qtm	Service Parts Inventories Finished Goods ServicePartsInventoriesFinishedGoods	19834000	usd
CY2023Q2	qtm	Service Parts Inventories Component Parts ServicePartsInventoriesComponentParts	7392000	usd
CY2023Q1	qtm	Service Parts Inventories Component Parts ServicePartsInventoriesComponentParts	5470000	usd
CY2023Q2	qtm	Service Parts Inventories ServicePartsInventories	25276000	usd
CY2023Q1	qtm	Service Parts Inventories ServicePartsInventories	25304000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	13411000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	9610000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	3801000	usd
CY2023Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	13411000	usd
CY2023Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	8470000	usd
CY2023Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	4941000	usd
CY2023Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1100000	usd
CY2022Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1200000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Remaining Amortization Period1 FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1	P1Y4M24D
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	2348000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	1453000	usd
CY2023Q2	qtm	Finite Lived Intangible Asset Expected Amortization After Year One FiniteLivedIntangibleAssetExpectedAmortizationAfterYearOne	0	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	3801000	usd
CY2022Q1	us-gaap	Goodwill Goodwill	13000000	usd
CY2023Q2	us-gaap	Goodwill Goodwill	13000000	usd
CY2022Q2	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	usd
CY2023Q2	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	usd
CY2023Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	5000000	usd
CY2023Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	5000000	usd
CY2023Q2	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	5794000	usd
CY2023Q1	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	3313000	usd
CY2023Q2	us-gaap	Long Term Debt LongTermDebt	95614000	usd
CY2023Q1	us-gaap	Long Term Debt LongTermDebt	83104000	usd
CY2023Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	10017000	usd
CY2023Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	10291000	usd
CY2023Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	1218000	usd
CY2023Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	1364000	usd
CY2023Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	10001000	usd
CY2023Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	10169000	usd
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	11219000	usd
CY2023Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	11533000	usd
CY2023Q2	us-gaap	Operating Lease Cost OperatingLeaseCost	875000	usd
CY2022Q2	us-gaap	Operating Lease Cost OperatingLeaseCost	1026000	usd
CY2023Q2	us-gaap	Variable Lease Cost VariableLeaseCost	122000	usd
CY2022Q2	us-gaap	Variable Lease Cost VariableLeaseCost	158000	usd
CY2023Q2	us-gaap	Lease Cost LeaseCost	997000	usd
CY2022Q2	us-gaap	Lease Cost LeaseCost	1184000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	1963000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	2257000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	1828000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	1645000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	1474000	usd
CY2023Q2	qtm	Lessee Operating Lease Liability Payments Due After Year Four LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour	13265000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	22432000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	11213000	usd
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	11219000	usd
CY2023Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P10Y10M17D
CY2023Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P10Y10M6D
CY2023Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.127
CY2023Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.127
CY2023Q2	us-gaap	Operating Lease Payments OperatingLeasePayments	900000	usd
CY2022Q2	us-gaap	Operating Lease Payments OperatingLeasePayments	700000	usd
CY2023Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	7042000	shares
CY2022Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2309000	shares
CY2023Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.058
CY2022Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.042
CY2023Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	97600000	usd
CY2023Q2	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	78900000	usd
CY2023Q2	us-gaap	Income Tax Examination Penalties And Interest Accrued IncomeTaxExaminationPenaltiesAndInterestAccrued	1300000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	5600000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	4800000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	800000	usd
CY2023Q2	us-gaap	Purchase Commitment Remaining Minimum Amount Committed PurchaseCommitmentRemainingMinimumAmountCommitted	32600000	usd
CY2023Q2	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2023Q2	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2023Q2	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2023Q2	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false

Files In Submission

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exhibit-312q124.htm	Edgar Link	pending
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qtm-20230630_cal.xml	Edgar Link	unprocessable

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$QMCO
QUANTUM CORP /DE/ Stock $qmco

2023 Q3 Form 10-Q Financial Statement

#000070928323000029 Filed on August 08, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$QMCO QUANTUM CORP /DE/ Stock $qmco

2023 Q3 Form 10-Q Financial Statement

#000070928323000029 Filed on August 08, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$QMCO
QUANTUM CORP /DE/ Stock $qmco