Reports Q3 revenue $72.6M, two estimates $72M. “Third quarter revenue increased sequentially and was above the midpoint of guidance, as recent bookings momentum and customer wins were converted into realized sales,” commented Jamie Lerner, Chairman and CEO of Quantum (QMCO). “As clear evidence of the benefits from our self-help actions, this quarter we achieved positive adjusted EBITDA of $4.7M, well above our expectations, and generated improving free cash flow. Contributing to these results was gross margin expanding 230 basis points sequentially to almost 44%, combined with a significant reduction in operating expenses.”
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