Quantum Corporation (NASDAQ:QMCO) is expected to report a loss of $0.15 per share with projected revenue of $70.07 million.The company is currently facing legal challenges, including a securities fraud lawsuit and investigations by law firms, which could impact investor sentiment.Financial metrics indicate significant challenges, with a negative price-to-earnings ratio of -0.31 and potential liquidity issues highlighted by a current ratio of 0.40.Quantum Corporation, listed on NASDAQ as QMCO, specializes in ...

Core Viewpoint - Quantum Corporation is facing a class action lawsuit for securities fraud due to false and misleading statements regarding revenue recognition, which led to a restatement of financial statements [5]. Group 1: Lawsuit Details - The class action lawsuit is initiated by the Schall Law Firm against Quantum Corporation for violations of the Securities Exchange Act of 1934 [1]. - Investors who purchased Quantum's securities between November 15, 2024, and August 18, 2025, are encouraged to contact the firm before November 3, 2025 [2]. - The lawsuit claims that Quantum improperly recognized revenue during the fiscal year ending March 31, 2025, resulting in materially misleading public statements [5]. Group 2: Investor Participation - Shareholders who suffered losses are invited to participate in the lawsuit to recover their losses [5]. - The class has not yet been certified, meaning that until certification occurs, investors are not represented by an attorney [4]. - Interested investors can contact the Schall Law Firm for a free discussion of their rights [3].

Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud or unlawful business practices involving Quantum Corporation and its officers or directors [1]. Group 1: Company Developments - On August 18, 2025, Quantum announced the resignation of its Chief Financial Officer Lewis Moorehead due to an internal accounting review related to revenue recognition practices [3]. - Following the announcement of the CFO's resignation, Quantum's stock price decreased by $0.61 per share, representing an 8.2% decline, closing at $6.83 per share on August 19, 2025 [3]. Group 2: Legal Context - Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, with a history of fighting for victims of securities fraud and corporate misconduct [4].

Core Viewpoint - A class action lawsuit has been filed against Quantum Corporation (NASDAQ: QMCO) due to allegations of deficiencies in its internal control over financial reporting, leading to improper revenue recognition and the need to restate financial statements [1][2]. Group 1: Allegations and Financial Impact - The complaint alleges that Quantum Corporation improperly recognized revenue during the fiscal year ended March 31, 2025, necessitating a restatement of previously filed financial statements for the fiscal third quarter ended December 31, 2024 [2]. - On August 8, 2025, Quantum Corporation announced that its 3Q24 financials could not be relied upon and would be restated, indicating a decrease of approximately $3.9 million in revenue [3]. - The company disclosed material weaknesses in its internal control over financial reporting and disclosure controls as of December 31, 2024, and March 31, 2025 [3]. Group 2: Management Changes - Following the financial disclosures, Quantum Corporation announced the resignation of its CFO on August 18, 2025, after holding the position for less than five months [3]. Group 3: Class Action Participation - Shareholders may be eligible to participate in the class action against Quantum Corporation, with options to serve as lead plaintiff or remain an absent class member [4].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Quantum Corporation due to allegations of false and misleading statements regarding its financial reporting and revenue recognition [2][3]. Group 1: Legal Investigation and Class Action - The law firm is encouraging investors who suffered losses exceeding $75,000 in Quantum Corporation between November 15, 2024, and August 18, 2025, to discuss their legal options [1][2]. - A federal securities class action has been filed against Quantum Corporation, with a deadline of November 3, 2025, for investors to seek the role of lead plaintiff [2][8]. Group 2: Allegations Against Quantum Corporation - The lawsuit claims that Quantum Corporation improperly recognized revenue for the fiscal year ended March 31, 2025, necessitating a restatement of its financial statements for the fiscal third quarter ended December 31, 2024 [3]. - Quantum Corporation disclosed on June 30, 2025, that it would be unable to timely file its annual financial report due to a review of its accounting related to certain revenue contracts, leading to a stock price drop of $1.00, or 10.03%, closing at $8.97 per share [4]. - On August 8, 2025, Quantum announced that its third quarter 2024 financial statements should no longer be relied upon due to deficiencies in internal controls, resulting in a revenue decrease of approximately $3.9 million [5]. - Following the announcement of its CEO's resignation on August 18, 2025, Quantum's stock price fell by $0.61, or 8.2%, closing at $6.83 per share [7].

NEW YORK, Sept. 05, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of securities of Quantum Corporation (NASDAQ: QMCO) between November 15, 2024 and August 18, 2025, inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 3, 2025 in the securities class action first filed by the Firm. SO WHAT: If ...

Core Viewpoint - A class action lawsuit has been filed against Quantum Corporation (QMCO) for securities fraud, affecting investors who purchased shares between November 15, 2024, and August 18, 2025 [1][2]. Group 1: Events Leading to the Lawsuit - On June 30, 2025, Quantum announced it would not be able to file its annual financial report on time due to a review of its accounting related to revenue contracts, resulting in a stock price drop of $1.00, or 10.03%, closing at $8.97 per share [3]. - On August 8, 2025, Quantum stated that its third quarter 2024 financial statements should no longer be relied upon due to material weaknesses in internal controls, leading to a revenue restatement of approximately $3.9 million [4]. - Following this announcement, Quantum's stock fell by $0.14, or 1.79%, to close at $7.66 per share on August 11, 2025 [5]. - On August 18, 2025, the resignation of Quantum's CEO after five months in the position caused the stock to drop by $0.61, or 8.2%, closing at $6.83 per share on August 19, 2025 [5]. Group 2: Allegations in the Lawsuit - The lawsuit alleges that throughout the Class Period, Quantum made materially false and misleading statements and failed to disclose adverse facts about its business and operations [6]. - Specific allegations include improper revenue recognition during the fiscal year ended March 31, 2025, necessitating a restatement of previously filed financial statements for the fiscal third quarter ended December 31, 2024 [6][7]. - The lawsuit claims that the positive statements made by Quantum regarding its business lacked a reasonable basis and were materially misleading [7].

NEW YORK, Sept. 05, 2025 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the District of Colorado on behalf of all persons or entities who purchased or otherwise acquired Quantum Corporation (“Quantum” or the “Company”) (NASDAQ: QMCO) securities between November 15, 2024 and August 18, 2025, inclusive (the “Class Period”). The Complaint alleges that Defendants made false and/or misleading statements and/or ...

Core Points - A shareholder class action lawsuit has been filed against Quantum Corporation alleging that the company made materially false and misleading statements regarding its financial practices [1] - The lawsuit claims that Quantum improperly recognized revenue for the fiscal year ended March 31, 2025, necessitating a restatement of financial statements for the fiscal third quarter ended December 31, 2024 [1] - The allegations suggest that the statements made by the defendants about Quantum's business, operations, and prospects were materially false and lacked a reasonable basis [1] Legal Information - Shareholders who purchased Quantum shares between November 15, 2024, and August 18, 2025, and suffered significant losses are encouraged to discuss their legal rights [2] - The deadline to request to be appointed as lead plaintiff in the case is November 3, 2025 [3] - Holzer & Holzer, LLC is representing shareholders in this litigation and has a history of recovering significant amounts for investors affected by corporate misconduct [3]

Group 1: Quantum Computing Market Outlook - Quantum computing is expected to become a significant theme in the market by 2026, with increasing popularity in investments [1] - The technology has the potential to generate substantial returns for investors if successful, but competition among companies is fierce [1] Group 2: Investment Opportunities in Quantum Computing - Five stocks have been identified as solid picks in the quantum computing space, presenting great buying opportunities [2] - Pure-play companies like IonQ and D-Wave Quantum are highlighted for their focused approaches in quantum computing, making them high-risk but high-potential investments [4] Group 3: Company Profiles - IonQ utilizes trapped ion technology, which is cost-effective and precise, while D-Wave Quantum employs quantum annealing, differentiating them from competitors using superconducting technology [5] - Both IonQ and D-Wave Quantum are positioned to succeed by not directly competing with larger companies that have extensive resources [6] Group 4: Legacy Competitors - Alphabet and Microsoft are developing in-house quantum computing solutions to avoid dependency on external suppliers, having already invested billions in traditional computing hardware [8][9] - Growth from quantum computing for these companies is likely to come through their existing cloud computing services, potentially leading to significant profitability [10][11] Group 5: Hybrid Approach - Nvidia focuses on traditional computing hardware while providing a hybrid solution for quantum computing, connecting existing infrastructure with future quantum systems [12] - Nvidia is considered a smart investment due to its strong position in traditional computing and the anticipated growth from quantum computing deployment [13]