Qualstar Corporation Reports First Quarter 2025 Results

Core Viewpoint - Qualstar Corporation reported earnings of $0.13 per share for Q1 2025, highlighting a commitment to growth and shareholder value [4]. Financial Performance - Revenues for the three months ended March 31, 2025, were $1.659 million, a decrease of 28% compared to $2.287 million in the same period of 2024 [2][7]. - Gross profit for Q1 2025 was $609,000, down from $700,000 in Q1 2024, reflecting a 27.5% decline [2][7]. - Gross margin improved to 36.7% in Q1 2025 from 30.6% in Q1 2024, attributed to changes in product and customer mix [2][7]. - Net income for Q1 2025 was $183,000, compared to a net loss of $100,000 in Q1 2024 [2][7]. - Adjusted EBITDA for Q1 2025 was $62,000, a significant improvement from a negative $144,000 in Q1 2024 [2][7]. Operational Insights - The decrease in revenue was primarily due to lower shipments of power supply products and data storage products, influenced by the loss of a large customer in 2024 [7]. - The company ended the quarter with $2.3 million in cash and cash equivalents, indicating a stable liquidity position [7]. Strategic Focus - Qualstar is actively pursuing acquisitions and partnerships in the data management software and hardware systems sectors, aiming to enhance its market position [7].