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Data Storage Corporation (DTST)
NASDAQ:DTST
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.03Last Year’s EPS
-0.01Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 19, 2020
|% Change Since: -18.48%
|Next Earnings Date:Apr 02, 2019
Earnings Call Sentiment|Positive
The earnings call highlighted the company's profitability, strategic market expansion, and strong financial position, despite a slight decline in revenue and increased operating expenses. The company's focus on recurring subscription revenue and cloud services positions it well for future growth.Company Guidance
During the Data Storage Corporation's Q3 2024 earnings call, the company provided several key financial metrics and strategic updates. The company reported a quarterly revenue of $5.8 million, which marks a 3% decline from the previous year, yet aligns with their strategic shift towards recurring subscription revenue. Despite this decline, the company achieved a gross profit margin of 43.2%, an improvement from the 38.9% recorded in the same period last year. For the nine-month period, revenue amounted to $19 million, with profitability achieved, demonstrating a 1% increase from the previous year. Additionally, the company highlighted their successful expansion into regulated sectors like insurance and healthcare, securing significant contracts and partnerships, including a $1 billion insurance firm and a leading medical center. Charles Piluso, the CEO, emphasized the company's strong financial position, with $11.9 million in cash and marketable securities and no long-term debt, facilitating future growth investments. The company also expects CloudFirst to reach over $20 million in projected recurring revenue for 2025, supported by an excellent renewal rate of over 90%.Profitability Achieved
Data Storage Corporation achieved profitability for the three months and a gross profit margin of 43.2% in Q3 2024, an increase from 38.9% in the same period last year.
Strategic Market Expansion
Expanded presence into high-growth sectors such as insurance, healthcare, and education, securing contracts with a $1 billion insurance firm and a leading medical center.
CloudFirst Subsidiary Performance
CloudFirst achieved $5.5 million in revenue for Q3 2024 with positive net income, and is on track to reach over $20 million in projected recurring revenue for 2025.
Strong Financial Position
The company holds $11.9 million in cash and marketable securities with no long-term debt.
Expansion into the UK Market
Appointed a Managing Director for CloudFirst Europe and established infrastructure deployment in UK data centers, enhancing global footprint.
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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 |
|---|---|---|---|
| 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% |
| Mar 28, 2024 | $7.64 | $5.72 | -25.13% |
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 Mar 27, 2025, TBA Not Confirmed.
What is Data Storage Corporation (DTST) earnings time?
Data Storage Corporation (DTST) earnings time is at Mar 27, 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 2024 (Q4) is 0.03.
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