← QUANTUM CORP /DE/
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net loss | $3.6m | ($43.3m) | ($42.8m) | ($5.2m) | ($35.5m) | ($32.3m) | ($37.9m) | ($41.3m) | ($115.1m) | ($101.0m) | — | |
| Depreciation and amortization | $5.6m | $5.0m | $4.3m | $4.3m | $5.7m | $9.4m | $10.1m | $9.3m | $5.6m | $5.3m | $5.3m | |
| Amortization of debt issuance costs | $1.4m | $1.5m | $2.8m | $4.0m | $6.3m | $2.4m | $1.6m | $2.7m | $5.5m | $6.6m | — | |
| Stock-based compensation | $6.7m | $5.4m | $3.4m | $6.7m | $9.6m | $13.8m | $10.8m | $4.7m | $2.8m | ($849k) | ($849k) | |
| Accounts receivable | ($10.1m) | $6.5m | $8.1m | $15.2m | ($1.6m) | $3.7m | ($3.0m) | $4.8m | $15.2m | ($19.9m) | ($19.9m) | |
| Provision for manufacturing and service inventories | — | $8.1m | $8.9m | $6.3m | $6.3m | $5.7m | $18.1m | $6.5m | $4.9m | $5.3m | — | |
| Inventories | — | — | — | — | — | — | — | — | $801k | $944k | $944k | |
| Accounts payable | ($4.8m) | $21.6m | ($25.4m) | ($768k) | ($2.0m) | ($1.9m) | $1.2m | ($11.2m) | $6.2m | ($793k) | ($793k) | |
| Purchases of property and equipment included in accounts payable | $321k | $173k | $105k | $368k | $1.5m | $147k | $1.0m | $661k | $850k | $116k | ($1.7m) | |
| Deferred revenue | ($2.0m) | $4.2m | ($8.4m) | ($11.3m) | $418k | ($2.5m) | ($2.3m) | $1.4m | ($2.8m) | $760k | — | |
| Accrued restructuring charges | ($1.4m) | ($463k) | ($2.9m) | ($2.9m) | $580k | ($580k) | $0 | $0 | $786k | ($220k) | — | |
| Accrued compensation | $1.5m | ($4.3m) | ($2.3m) | ($2.2m) | $4.3m | ($3.1m) | ($431k) | $2.5m | ($9.0m) | $2.6m | — | |
| Other assets | — | — | — | — | $2.8m | ($2.6m) | ($1.3m) | ($2.2m) | $2.1m | $686k | — | |
| Other liabilities | — | — | — | ($5.1m) | ($2.5m) | ($3.0m) | $1.0m | $737k | $6.3m | $570k | — | |
| Net cash used in operating activities | $8.9m |
($5.0m)
-156.45%
|
($16.9m)
-235.04%
|
($1.2m)
+92.99%
|
($767k)
+35.06%
|
($33.7m)
-4297.39%
|
($4.9m)
+85.49%
|
($10.2m)
-107.52%
|
($23.6m)
-132.50%
|
($37.9m)
-60.32%
|
($37.9m)
0.00%
|
|
| Purchases of property and equipment | ($1.8m) | ($2.6m) | ($2.7m) | ($2.6m) | ($6.9m) | ($6.3m) | ($12.6m) | ($5.9m) | ($4.9m) | ($1.7m) | ($1.7m) | |
| Net cash used in investing activities | ($22.0m) | ($2.3m) | $235k | ($4.6m) | ($9.6m) | ($14.1m) | ($15.6m) | ($5.9m) | ($4.9m) | ($1.7m) | ($1.7m) | |
| Bad debt expense | $24k | $295k | $315k | $1.2m | ($573k) | — | — | — | $77k | $2.7m | — | |
| Warrants issued in connection with debt amendments | — | — | — | — | — | — | — | — | $0 | $25.4m | — | |
| Non-cash loss on debt extinguishment | — | $7.0m | $17.9m | $0 | $10.1m | $0 | $0 | $0 | $3.0m | $34.2m | — | |
| Borrowings of long-term debt, net of debt issuance costs | — | — | $186.8m | $0 | $19.4m | $95.0m | $0 | $12.5m | $25.0m | $45.0m | — | |
| Borrowing of convertible note | — | — | — | — | — | — | — | — | $0 | $54.7m | — | |
| Repayment of long-term debt | — | — | ($121.8m) | ($1.2m) | ($92.8m) | ($94.3m) | ($24.6m) | ($5.7m) | ($19.1m) | $0 | — | |
| Repayments of long-term debt on Assignment | — | — | — | — | — | — | — | — | $0 | ($52.3m) | ($238.8m) | |
| Repayments of long-term debt on Exchange | — | — | — | — | — | — | — | — | $0 | ($57.0m) | ($238.8m) | |
| Borrowings of credit facility | $104.9m | $367.8m | $507.7m | $331.6m | $309.9m | $309.0m | $497.3m | $421.6m | $416.4m | $102.9m | — | |
| Proceeds from issuance of common stock, net | $1.0m | $1.7m | $0 | $0 | $1.3m | $1.8m | $67.1m | $0 | $0 | $80k | $75.3m | |
| Net cash provided by financing activities | ($7.9m) |
($11.2m)
-42.43%
|
$16.2m
+244.32%
|
$1.2m
-92.53%
|
$31.3m
+2486.95%
|
$20.2m
-35.66%
|
$41.2m
+104.22%
|
$15.7m
-61.83%
|
$19.3m
+22.87%
|
$39.2m
+102.88%
|
$39.2m
0.00%
|
|
| Cash, cash equivalents, and restricted cash at beginning of year | $35.9m | $17.2m | $16.9m | $12.3m | $33.1m | $5.5m | $26.2m | $25.9m | $16.6m | $16.2m | — | |
| Net change in cash, cash equivalents, and restricted cash | ($746k) | ($18.7m) | ($352k) | ($4.6m) | $20.9m | ($27.6m) | $20.7m | ($315k) | ($9.3m) | ($369k) | — | |
| Effect of exchange rate changes on cash and cash equivalents | $52k | ($145k) | $62k | ($16k) | ($108k) | $51k | $12k | ($3k) | ($3k) | $25k | $25k | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Non-cash lease expense | — | — | — | — | — | — | — | $1.5m | $1.6m | $1.3m | — | |
| Paid-in-kind interest | — | $49k | $1.7m | $1.9m | $0 | $0 | $319k | $2.3m | $5.2m | $6.6m | — | |
| Change in fair value of warrant liabilities | — | ($210k) | ($143k) | — | — | ($60.0m) | ($10.2m) | ($3.9m) | $45.3m | ($11.3m) | — | |
| Change in fair value of convertible note | — | — | — | — | — | — | — | — | $0 | $4.1m | — | |
| Other non-cash | — | $566k | $1.8m | $0 | $0 | ($832k) | ($2.1m) | $3.3m | $93k | ($331k) | — | |
| Prepaid expenses | — | — | — | — | ($594k) | ($4.0m) | $3.7m | $2.0m | ($552k) | $307k | — | |
| Operating lease liabilities | — | — | — | — | — | — | — | ($1.5m) | ($1.5m) | ($931k) | — | |
| Repayments of credit facility and payment of amendment fees | ($106.2m) | ($316.1m) | ($491.1m) | ($330.2m) | ($313.1m) | ($291.3m) | ($498.7m) | ($412.7m) | ($418.8m) | ($129.5m) | — | |
| Proceeds from shares related to the SEPA, net | — | — | — | — | — | — | — | — | $15.8m | $75.2m | — | |
| Cash paid for interest | $6.0m | $10.2m | $17.7m | $16.5m | $24.3m | $9.1m | $8.7m | $12.3m | $11.9m | $5.2m | — | |
| Cash paid for income taxes, net of refunds | $1.1m | $1.5m | $68k | ($490k) | ($2.3m) | $944k | $1.4m | $1.8m | $1.8m | $1.2m | — | |
| Right-of-use assets obtained in exchange for new lease liabilities | — | — | — | — | — | — | — | $594k | $678k | $112k | — |