UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DATA STORAGE CORPORATION (Exact name of registrant as specified in its charter) | Nevada | 98-0530147 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organizat ...

Financial Data and Key Metrics Changes - Net income attributable to common shareholders for Q1 2023 was $50,666, a decrease from $156,010 in Q1 2022 [7] - Total revenue for Q1 2023 was $6.9 million, down by $1.8 million or 21% compared to $8.7 million in Q1 2022, primarily due to a decrease in equipment sales [20] - Selling, general and administrative expenses decreased by 13% from $2.5 million in Q1 2022 to $2.1 million in Q1 2023 [25][31] - Adjusted EBITDA for Q1 2023 was $334,000, down from $604,492 in the same period last year [31] Business Line Data and Key Metrics Changes - The company reported a 14% increase in revenues when excluding a $2.6 million equipment sale to an NFL team in Q1 2022 [29] - Executed subscription revenue contracts totaled over $5.5 million in total contract value [18] - The company is focusing on increasing gross profit margins in recurring services closer to 50% [12] Market Data and Key Metrics Changes - The global addressable market for the company's solutions is estimated at roughly $36 billion in annual recurring revenue, with an average contract term of about 29 months and a 94% renewal rate [30] - CloudFirst had over 16,000 website visitors from the beginning of the year through April, indicating strong interest in its services [13] Company Strategy and Development Direction - The company aims to achieve a $50 million high-margin revenue run rate in the coming years through strong organic growth and strategic acquisitions [24] - The focus is on recurring revenue through long-term subscription-based contracts, which provide high-margin revenue streams [5] - The company is actively exploring synergistic acquisitions to enhance operations and improve gross profit margins [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to leverage its established customer base and proven track record to drive growth [6] - The company is positioned as a leader in a market with limited competition and is focused on efficiently deploying capital for measurable returns [18] - Management highlighted the importance of maintaining a solid balance sheet and reducing redundant expenses to support sustainable profitability [64] Other Important Information - The company ended Q1 2023 with approximately $11 million in cash and short-term investments, compared to $11.3 million at the end of Q4 2022 [7] - The company is looking to expand its international footprint through strategic partnerships and acquisitions [19] Q&A Session Summary Question: Can you provide details on the Fortune 2000 deal announced recently? - The deal was a software sale valued at $2.2 million, expanding from a previous $1.9 million contract [51][52] Question: What is the status of the sales team expansion? - The company has hired two new sales representatives and is actively recruiting more qualified candidates [34] Question: Can you discuss the M&A pipeline and potential targets? - The company is focusing on acquiring managed service providers with revenues over $15 million and is looking internationally for growth opportunities [35][37] Question: What is the current state of the new business pipeline and close rates? - The total contract value in the pipeline exceeds $12 million, with close rates estimated at around 80% for Flagship and approximately 23% for CloudFirst [55][61]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Registrant's telephone number, including area code: (212) 564-4922 Securities registered pursuant to Section 12(b) of the Act: None | Title of ...

Data Storage Corporation (NASDAQ:DTST) Q4 2022 Results Conference Call March 31, 2023 10:00 AM ET Company Participants Chuck Piluso - Chairman and Chief Executive Officer Chris Panagiotakos - Chief Financial Officer Conference Call Participants Matthew Galinko - Maxim Group Adam Waldo - Lismore Partners Operator Greetings and welcome to the Data Storage Corporation 2022 Fiscal Year Business Update Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will f ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________to____________________________ Commission File No. 000-54579 DATA STORAGE CORPORATION (Exact name of registrant as specified in its charter) Nevada 98-0530147 (State o ...

Data Storage Corporation (NASDAQ:DTST) Q3 2022 Earnings Conference Call November 15, 2022 10:00 AM ET Company Participants Chuck Piluso - Chairman and CEO Chris Panagiotakos - CFO Conference Call Participants Matthew Galinko - Maxim Group Operator Good day, ladies and gentlemen, and welcome to the Data Storage Corporation Third Quarter 2022 Conference Call. [Operator Instructions] It is now my pleasure to turn the floor over to your host, [indiscernible]. Ma'am, the floor is yours. Unidentified Company Repr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 001-35384 DATA STORAGE CORPORATION (Exact name of registrant as specified in its charter) | --- | --- | --- | |- ...

Data Storage Corporation (NASDAQ:DTST) Q2 2022 Results Conference Call August 11, 2022 10:00 AM ET Company Participants David Waldman - Investor Relations Chuck Piluso - Chairman and Chief Executive Officer Chris Panagiotakos - Chief Financial Officer Conference Call Participants Matthew Galinko - Maxim Group Operator Good day, ladies and gentlemen, and welcome to the Data Storage Corporation Second Quarter 2022 Conference Call. All lines have been placed on a listen-only mode, and the floor will open for y ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Nevada 98-0530147 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 48 South Service Road Melville, NY 11747 (Address of principal executive offices) (Zip Code) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.001 per share DTST The Nasdaq Capital Market Warrants to purchase shares of Common Stock, par value $0.001 per share DTSTW ...

Data Storage Corporation (NASDAQ:DTST) Q1 2022 Earnings Conference Call May 16, 2022 10:00 AM ET Corporate Participants David Waldman - Investor Relations Chuck Piluso - Chairman and Chief Executive Officer Chris Panagiotakos - Chief Financial Officer Conference Call Participants Matthew Galinko - Maxim Group Operator Good morning, ladies and gentlemen, and welcome to the Data Storage Corporation First Quarter 2022 Conference Call. At this time all participants have been placed on a listen-only mode, and we ...