Core Insights - Quantum Corp.'s first-quarter financial results were disappointing, leading to a stock price drop of over 17% [1][5] - CEO Hugues Meyrath remains optimistic about leveraging high-value assets to improve sales distribution and reduce debt [1][3] Financial Performance - The company reported quarterly losses of $1.58 per share, missing the consensus estimate of a 15-cent loss [2] - Quarterly revenue was $64.28 million, falling short of the Street estimate of $73.7 million and down from $72.26 million in the same quarter last year [2] Future Outlook - Quantum expects second-quarter revenue to be around $61 million, with an adjusted loss of 26 cents per share [4]