Quantum(QMCO) - 2024 Q4 - Annual Results

Financial Performance - Adjusted EBITDA for the year ended March 31, 2024, was $(5.304 million), compared to$21.142 million in 2023 [38] - Net loss for the year ended March 31, 2024, was $(41.286 million), compared to$(18.368 million) in 2023 [38] - Adjusted net income (loss) for the year ended March 31, 2024, was $(27.514 million), compared to$3.167 million in 2023 [39] - Adjusted net income (loss) per share – basic for the year ended March 31, 2024, was $(0.29), compared to$0.04 in 2023 [39] - Adjusted net income (loss) per share – diluted for the year ended March 31, 2024, was $(0.29), compared to$0.03 in 2023 [39] Share Metrics - Weighted average shares – basic for the year ended March 31, 2024, were 95,087, compared to 90,348 in 2023 [39] - Weighted average shares – diluted for the year ended March 31, 2024, were 95,087, compared to 91,188 in 2023 [39] Expenses and Charges - Stock-based compensation expense for the year ended March 31, 2024, was $4.721 million, compared to$10.750 million in 2023 [38] - Restructuring charges for the year ended March 31, 2024, were $4.019 million, compared to$2.178 million in 2023 [38] - Non-recurring project costs for the year ended March 31, 2024, were $4.895 million, compared to$0 in 2023 [38]