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Quantum: OK, we're not flogging as much as hoped, but at least we only lost $2.4m this time

Things can only get better, says storage firm

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Quantum's revenues declined in its third quarter but its losses shrank much faster.

The third fiscal 2014 quarter, which finished on 31 December, saw revenues of $146m, down 8 per cent on the year-ago number, but with the expected seasonal hike up from the prior quarter’s $131.4m.

There was a net loss, which we hadn’t expected, of $2.4m.

That’s much better than the $8.2m losses recorded a year ago and is less than half the prior quarter’s $5m loss. Things are on the up, despite “lower tape automation revenue and a decline in DXi sales from the record DXi quarter a year earlier.”

Quantum expects next quarter revenues to be between $125m and $130m, which, at the mid-point, would mean full year revenues of $552.9m, the seventh consecutive fall in annual revenues.

Will investors put up with an eighth year of decline? Surely not. ®

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