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Data Storage Corporation (DTST)
NASDAQ:DTST
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.03Last Year’s EPS
0.05Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 31, 2025
|% Change Since: -5.93%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant achievements in strategic expansion, financial performance, and client engagement. However, the modest revenue growth and increased expenses posed challenges. Positive momentum in recurring revenue and international expansion balanced these concerns.Company Guidance
During the Data Storage Corporation's Fiscal Year 2024 earnings call, the company reported a total revenue of $25.4 million, which marks a 2% increase from the previous year. The shift towards subscription-based recurring revenue was highlighted, as evidenced by the increased importance of the Cloud Infrastructure and Disaster Recovery Service segment, which saw a 27% year-over-year revenue climb to $12.3 million. This segment now constitutes 51% of the total revenue. The company achieved an annual recurring revenue run rate of $21.5 million, showcasing its strategic pivot towards more stable income streams. Net income improved significantly, rising by nearly 71% to $513,000, while adjusted EBITDA grew to $2.37 million from $1.64 million the prior year. The balance sheet remains robust with $12.3 million in cash and marketable securities and zero debt. The company also expanded its international presence with the establishment of CloudFirst Europe Limited and the deployment of three Tier 3 data centers in the U.K., contributing to its competitive edge in the cloud infrastructure market.Revenue Growth and Transition
Total revenue grew by 2% to $25.4 million, reflecting a strategic transition towards subscription-based recurring revenue, with Cloud Infrastructure and Disaster Recovery Services revenue climbing 27% to $12.3 million.
Strong Financial Performance
Net income increased by 71% to $513,000, with adjusted EBITDA growing to $2.37 million from $1.64 million, showcasing margin expansion and efficient cost structure.
International Expansion and Strategic Milestones
Successful international expansion into the U.K. with the launch of CloudFirst Europe Limited, supported by partnerships and the deployment of three Tier 3 data centers.
Robust Organic Growth
CloudFirst achieved a compounded annual growth rate of 18% from Q1 2020 to Q1 2025, with a 30% CAGR including the merger of Flagship.
Client Engagement and Market Recognition
Secured significant contracts with major clients, including a 6-figure deal with a Japanese motorsport manufacturer and expanded services for a $1 billion insurance company.
Healthy Financial Position
The company ended the year with $12.3 million in cash and marketable securities with no debt, providing flexibility for future growth.
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DTST Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DTST Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 31, 2025 | $3.54 | $3.63 | +2.54% |
| Nov 14, 2024 | $5.14 | $3.88 | -24.51% |
| Aug 14, 2024 | $4.77 | $4.11 | -13.84% |
| May 15, 2024 | $5.71 | $6.22 | +8.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Data Storage Corporation (DTST) report earnings?
Data Storage Corporation (DTST) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is Data Storage Corporation (DTST) earnings time?
Data Storage Corporation (DTST) earnings time is at May 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DTST EPS forecast?
DTST EPS forecast for the fiscal quarter 2025 (Q1) is 0.03.
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