From GlobeNewswire.: 2025-05-08 09:00:00

Qualstar Corporation reported financial results for the first quarter of 2025, showing a 27.5% decrease in revenue compared to the same period in 2024. Gross margin improved to 37%, and net income/loss was impacted by non-routine expenses. Adjusted EBITDA for the quarter was $62,000, a significant improvement from the previous year’s negative $144,000. The company continues to pursue acquisitions and partnerships in data management software and hardware systems.

Qualstar Corporation, a leading manufacturer of data storage solutions and power supply solutions, announced its financial results for the three months ended March 31, 2025. Revenue decreased by 28% compared to the same period in 2024, primarily due to lower shipments of power supplies products and data storage products. Gross margin improved to 37% for the first quarter of 2025. Net income/loss was impacted by revenue levels and non-routine expenses. Adjusted EBITDA for the quarter was $62,000, a significant improvement from the previous year. The company continues to pursue acquisitions and partnerships in the data management software and hardware systems space.

Qualstar Corporation reported a 27.5% decrease in revenue for the first quarter of 2025 compared to the same period in 2024. Gross margin improved to 37%, and net income/loss was affected by revenue levels and non-routine expenses. Adjusted EBITDA for the quarter was $62,000, a significant increase from the previous year. The company is actively seeking acquisitions and partnerships in the data management software and hardware systems sectors. 1. The stock market reached record highs today, with the S&P 500 closing at 4,500 points for the first time ever. This surge was driven by strong earnings reports from tech companies like Apple and Amazon, as well as positive economic data showing a decrease in unemployment rates.

2. In other news, a new study found that the COVID-19 vaccine is highly effective at preventing severe illness and death from the Delta variant. The study, conducted by the CDC, showed that vaccinated individuals were 10 times less likely to be hospitalized or die from the virus compared to unvaccinated individuals.

3. The United Nations released a report today highlighting the urgent need for action on climate change. The report warned that the world is not on track to meet its emissions reduction goals, and called for immediate and drastic measures to prevent catastrophic consequences for the planet.

4. In sports news, the Tokyo Olympics came to a close with Team USA finishing at the top of the medal table. The US team won a total of 113 medals, including 39 golds, 41 silvers, and 33 bronzes. This marks the seventh consecutive Olympics where the US has led in overall medal count.



Read more at GlobeNewswire.:: Qualstar Corporation Reports First Quarter 2025 Results