$QMCO
QUANTUM CORP /DE/

2024 Q4 Form 10-Q Financial Statement

#000070928324000036 Filed on November 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $70.47M
YoY Change -6.89%
Cost Of Revenue $41.20M
YoY Change -4.06%
Gross Profit $29.27M
YoY Change -10.59%
Gross Profit Margin 41.53%
Selling, General & Admin $27.56M
YoY Change 6.15%
% of Gross Profit 94.15%
Research & Development $8.264M
YoY Change -9.7%
% of Gross Profit 28.24%
Depreciation & Amortization $1.567M
YoY Change
% of Gross Profit 5.35%
Operating Expenses $36.20M
YoY Change -0.67%
Operating Profit -$6.934M
YoY Change 86.8%
Interest Expense -$6.131M
YoY Change
% of Operating Profit
Other Income/Expense, Net -$1.334M
YoY Change -463.49%
Pretax Income -$13.16M
YoY Change 370.23%
Income Tax $370.0K
% Of Pretax Income
Net Earnings -$13.53M
YoY Change 306.09%
Net Earnings / Revenue -19.2%
Basic Earnings Per Share -$2.82
Diluted Earnings Per Share -$2.82
COMMON SHARES
Basic Shares Outstanding 4.848M shares 95.85M shares
Diluted Shares Outstanding 4.793M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.72M
YoY Change
Cash & Equivalents $16.72M
Short-Term Investments
Other Short-Term Assets $9.195M
YoY Change 70.63%
Inventory $27.99M
Prepaid Expenses $3.632M
Receivables $51.07M
Other Receivables $0.00
Total Short-Term Assets $108.9M
YoY Change -18.81%
LONG-TERM ASSETS
Property, Plant & Equipment $11.33M
YoY Change -22.48%
Goodwill $13.00M
YoY Change 0.24%
Intangibles $742.0K
YoY Change -73.68%
Long-Term Investments
YoY Change
Other Assets $20.08M
YoY Change -1.91%
Total Long-Term Assets $54.29M
YoY Change -10.6%
TOTAL ASSETS
Total Short-Term Assets $108.9M
Total Long-Term Assets $54.29M
Total Assets $163.1M
YoY Change -16.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $30.79M
YoY Change 14.26%
Accrued Expenses $16.50M
YoY Change 40.75%
Deferred Revenue $69.37M
YoY Change -1.88%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $1.579M
YoY Change -98.09%
Total Short-Term Liabilities $134.6M
YoY Change -41.81%
LONG-TERM LIABILITIES
Long-Term Debt $123.0M
YoY Change
Other Long-Term Liabilities $12.37M
YoY Change -1.2%
Total Long-Term Liabilities $12.37M
YoY Change -1.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $134.6M
Total Long-Term Liabilities $12.37M
Total Liabilities $316.5M
YoY Change 9.44%
SHAREHOLDERS EQUITY
Retained Earnings -$861.7M
YoY Change 7.91%
Common Stock $709.7M
YoY Change 0.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$153.4M
YoY Change
Total Liabilities & Shareholders Equity $163.1M
YoY Change -16.25%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$13.53M
YoY Change 306.09%
Depreciation, Depletion And Amortization $1.567M
YoY Change
Cash From Operating Activities -$15.30M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures $1.608M
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.608M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 16.32M
YoY Change
NET CHANGE
Cash From Operating Activities -15.30M
Cash From Investing Activities -1.608M
Cash From Financing Activities 16.32M
Net Change In Cash -583.0K
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$15.30M
Capital Expenditures $1.608M
Free Cash Flow -$16.91M
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Registrant Name
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QUANTUM CORP /DE/
dei Document Quarterly Report
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dei Document Period End Date
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dei Document Type
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dei Entity Tax Identification Number
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CY2023Q3 us-gaap Derivative Liability Statement Of Financial Position Extensible Enumeration
DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumeration
http://fasb.org/us-gaap/2024#DerivativeLiabilitiesCurrent
CY2024Q3 us-gaap Derivative Liability Statement Of Financial Position Extensible Enumeration
DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumeration
http://fasb.org/us-gaap/2024#DerivativeLiabilitiesCurrent
CY2024Q3 us-gaap Goodwill
Goodwill
12969000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
12969000 usd
CY2024Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
742000 usd
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1669000 usd
CY2024Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
78511000 usd
CY2024Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
1579000 usd
CY2024Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
82496000 usd
CY2024Q3 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
0 usd
CY2024Q1 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
26604000 usd
CY2024Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
2499000 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
16501000 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
9621000 usd
CY2024Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
12372000 usd
CY2024Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
11372000 usd
CY2024Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
225000000 shares
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
4793000 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
4793000 shares
CY2024Q3 us-gaap Gross Profit
GrossProfit
29268000 usd
us-gaap Gross Profit
GrossProfit
55402000 usd
CY2024Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
13578000 usd
us-gaap Restructuring Charges
RestructuringCharges
2667000 usd
CY2024Q3 us-gaap Operating Expenses
OperatingExpenses
36202000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-8853000 usd
CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1334000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1375000 usd
CY2024Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
6131000 usd
CY2023Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
3855000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
7055000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-5216000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-5128000 usd
CY2024Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2308000 usd
CY2023Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-3003000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
370000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
533000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
605000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1063000 usd
us-gaap Net Income Loss
NetIncomeLoss
-34347000 usd
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.70
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.64
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4793000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4751000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4793000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4793000 shares
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2081000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1234000 usd
qtm Long Term Debt Restatement Costs
LongTermDebtRestatementCosts
3003000 usd
qtm Long Term Debt Restatement Costs
LongTermDebtRestatementCosts
0 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
1844000 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
777000 usd
qtm Fair Value Adjustment Of Warrants Including Adjustment
FairValueAdjustmentOfWarrantsIncludingAdjustment
-5216000 usd
qtm Fair Value Adjustment Of Warrants Including Adjustment
FairValueAdjustmentOfWarrantsIncludingAdjustment
-5127000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
851000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
49000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-16638000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-21109000 usd
qtm Increase Decrease In Manufacturing Inventories Net
IncreaseDecreaseInManufacturingInventoriesNet
2168000 usd
qtm Increase Decrease In Manufacturing Inventories Net
IncreaseDecreaseInManufacturingInventoriesNet
2070000 usd
qtm Increase Decrease In Service Parts Inventories Net
IncreaseDecreaseInServicePartsInventoriesNet
-543000 usd
qtm Increase Decrease In Service Parts Inventories Net
IncreaseDecreaseInServicePartsInventoriesNet
1505000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1446000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-8000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
5253000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-9073000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-17194000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-11345000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3228000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3925000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3228000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3925000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
24655000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
14083000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
13537000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
3247000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
209852000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
217084000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
209445000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
213082000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
11525000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14838000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8900000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-421000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25860000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26175000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16960000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25754000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16719000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
25574000 usd
CY2024Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
241000 usd
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
180000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16960000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25754000 usd
us-gaap Interest Paid Net
InterestPaidNet
5539000 usd
us-gaap Interest Paid Net
InterestPaidNet
6079000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1304000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
831000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
312000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
689000 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
1844000 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
777000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-3331000 usd
CY2023Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-720000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
0 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
939000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
-94433000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
-141251000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-13527000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-13527000 usd
CY2024Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
659000 usd
CY2024Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
659000 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
716000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
-153403000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-84369000 usd
us-gaap Net Income Loss
NetIncomeLoss
-12473000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-471000 usd
us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
0 usd
qtm Adjustments To Additional Paid In Capital Warrant Issued Net
AdjustmentsToAdditionalPaidInCapitalWarrantIssuedNet
49000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2831000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
-94433000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
-121498000 usd
us-gaap Net Income Loss
NetIncomeLoss
-34347000 usd
us-gaap Net Income Loss
NetIncomeLoss
-34347000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
801000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
801000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1641000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
-153403000 usd
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
95900000 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
4800000 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify"><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 style="text-align:justify"><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, inventory adjustments, useful lives of intangible assets and property and equipment, stock-based compensation, fair value of warrants, 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
CY2024Q3 qtm Operations In Geographic Regions
OperationsInGeographicRegions
3 region
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
70469000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
75680000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
141812000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
168174000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
70469000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
75680000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
141812000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
168174000 usd
CY2024Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
116687000 usd
CY2024 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
76304000 usd
CY2024Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
106533000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
48132000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
122400000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
122400000 usd
CY2024Q3 qtm Revenue Remaining Performance Obligation Amount Invoiced
RevenueRemainingPerformanceObligationAmountInvoiced
106500000 usd
CY2024Q3 qtm Remaining Performance Obligation Amount Uninvoiced
RemainingPerformanceObligationAmountUninvoiced
15900000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P13M
CY2024Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P60M
CY2024Q3 qtm Revenue Remaining Performance Obligation Current
RevenueRemainingPerformanceObligationCurrent
82813000 usd
CY2024Q3 qtm Revenue Remaining Performance Obligation Noncurrent
RevenueRemainingPerformanceObligationNoncurrent
39617000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
122430000 usd
CY2024Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
106533000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
69369000 usd
CY2024Q3 qtm Contract With Customer Liability One To Three Years
ContractWithCustomerLiabilityOneToThreeYears
30191000 usd
CY2024Q3 qtm Contract With Customer Liability Three Year Or Greater
ContractWithCustomerLiabilityThreeYearOrGreater
6973000 usd
CY2024Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
9349000 usd
CY2024Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
7074000 usd
CY2024Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
668000 usd
CY2024Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
770000 usd
CY2024Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
8948000 usd
CY2024Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
9909000 usd
CY2024Q3 qtm Manufacturing Inventories Net
ManufacturingInventoriesNet
18965000 usd
CY2024Q1 qtm Manufacturing Inventories Net
ManufacturingInventoriesNet
17753000 usd
CY2024Q3 qtm Service Parts Inventories Finished Goods
ServicePartsInventoriesFinishedGoods
6300000 usd
CY2024Q1 qtm Service Parts Inventories Finished Goods
ServicePartsInventoriesFinishedGoods
3660000 usd
CY2024Q3 qtm Service Parts Inventories Component Parts
ServicePartsInventoriesComponentParts
2728000 usd
CY2024Q1 qtm Service Parts Inventories Component Parts
ServicePartsInventoriesComponentParts
6123000 usd
CY2024Q3 qtm Service Parts Inventories
ServicePartsInventories
9028000 usd
CY2024Q1 qtm Service Parts Inventories
ServicePartsInventories
9783000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
13411000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
12669000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
742000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
13411000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
11742000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1669000 usd
CY2024Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
500000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1000000.0 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
900000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2100000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P0Y9M18D
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
461000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
281000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
742000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
13000000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
13000000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024Q3 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
14880000 usd
CY2024Q1 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
15349000 usd
CY2024Q3 us-gaap Gross Profit
GrossProfit
29268000 usd
CY2024Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
13578000 usd
CY2024Q3 us-gaap Operating Expenses
OperatingExpenses
36202000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-11345000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3228000 usd
CY2024Q3 us-gaap Deferred Costs
DeferredCosts
2664000 usd
CY2024Q1 us-gaap Deferred Costs
DeferredCosts
1923000 usd
CY2024Q3 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
1357000 usd
CY2024Q1 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
1477000 usd
CY2024Q3 us-gaap Deferred Income Taxes And Other Assets Noncurrent
DeferredIncomeTaxesAndOtherAssetsNoncurrent
759000 usd
CY2024Q1 us-gaap Deferred Income Taxes And Other Assets Noncurrent
DeferredIncomeTaxesAndOtherAssetsNoncurrent
734000 usd
CY2024Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
424000 usd
CY2024Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
257000 usd
CY2024Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
20084000 usd
CY2024Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
19740000 usd
CY2024Q3 qtm Accrued Expenses
AccruedExpenses
6646000 usd
CY2024Q1 qtm Accrued Expenses
AccruedExpenses
4251000 usd
CY2024Q3 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
2769000 usd
CY2024Q1 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
2069000 usd
CY2024Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
1353000 usd
CY2024Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
1545000 usd
CY2024Q3 us-gaap Interest Payable Current
InterestPayableCurrent
458000 usd
CY2024Q1 us-gaap Interest Payable Current
InterestPayableCurrent
524000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1375000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1256000 usd
CY2024Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
365000 usd
CY2024Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
1044000 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3535000 usd
CY2024Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3297000 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
16501000 usd
CY2024Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
13986000 usd
CY2024Q1 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
1545000 usd
CY2023Q1 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
2094000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1172000 usd
CY2024 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
2563000 usd
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
52000 usd
CY2024 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-141000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
1416000 usd
CY2024 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
2971000 usd
CY2024Q3 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
1353000 usd
CY2024Q1 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
1545000 usd
CY2024Q3 qtm Long Term Debt Current Including Line Of Credit
LongTermDebtCurrentIncludingLineOfCredit
1579000 usd
CY2024Q1 qtm Long Term Debt Current Including Line Of Credit
LongTermDebtCurrentIncludingLineOfCredit
109100000 usd
CY2024Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
8422000 usd
CY2024Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
5446000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
123046000 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
0 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
9164000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
9425000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1375000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1256000 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
9366000 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
9621000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
10741000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
10877000 usd
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
779000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
731000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1491000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1606000 usd
CY2024Q3 us-gaap Variable Lease Cost
VariableLeaseCost
82000 usd
CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
60000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
152000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
182000 usd
CY2024Q3 us-gaap Lease Cost
LeaseCost
861000 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
791000 usd
us-gaap Lease Cost
LeaseCost
1643000 usd
us-gaap Lease Cost
LeaseCost
1788000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1389000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2317000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1797000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1568000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1220000 usd
CY2024Q3 qtm Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
12089000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
20380000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
9639000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
10741000 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y1M24D
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y10M6D
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.126
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.127
us-gaap Operating Lease Payments
OperatingLeasePayments
1400000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1600000 usd
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
604000 shares
CY2024Q1 us-gaap Warrants Not Settleable In Cash Fair Value Disclosure
WarrantsNotSettleableInCashFairValueDisclosure
4046000 usd
CY2024Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1145000 shares
CY2024Q3 us-gaap Warrants Not Settleable In Cash Fair Value Disclosure
WarrantsNotSettleableInCashFairValueDisclosure
2499000 usd
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.023
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.016
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.190
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.093
CY2024Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
90500000 usd
CY2024Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
78000000.0 usd
CY2024Q3 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
1300000 usd
CY2024Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
12700000 usd
CY2024Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
11800000 usd
CY2024Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
900000 usd
CY2024Q3 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
28200000 usd
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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