DATA STORAGE CORP C/WTS 18/05/2026 (TO PUR COM) | 10-Q: FY2025 Q1 Revenue: USD 8.084 M

LB filings
2025.05.15 20:08
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Revenue: As of FY2025 Q1, the actual value is USD 8.084 M.

EBIT: As of FY2025 Q1, the actual value is USD 26.39 K.

Segment Revenue

  • CloudFirst Technologies: Revenue for the three months ended March 31, 2025, was $7,771,012, compared to $7,954,958 for the same period in 2024.
  • CloudFirst Europe Ltd.: No revenue reported for the three months ended March 31, 2025, and 2024.
  • Nexxis Inc.: Revenue for the three months ended March 31, 2025, was $312,744, compared to $280,789 for the same period in 2024.

Operational Metrics

  • Net Income: For the three months ended March 31, 2025, net income was $26,388, compared to $345,904 for the same period in 2024.
  • Gross Profit: Gross profit for the three months ended March 31, 2025, was $2,859,896, compared to $2,966,472 for the same period in 2024.
  • Operating Loss: Loss from operations for the three months ended March 31, 2025, was -$92,509, compared to an income of $213,795 for the same period in 2024.

Cash Flow

  • Operating Cash Flow: Cash used in operating activities for the three months ended March 31, 2025, was -$1,099,807, compared to -$318,624 for the same period in 2024.
  • Investing Cash Flow: Net cash provided by investing activities for the three months ended March 31, 2025, was $786,575, compared to -$302,006 for the same period in 2024.
  • Financing Cash Flow: Net cash used in financing activities for the three months ended March 31, 2025, was -$51,520, compared to -$167,358 for the same period in 2024.

Unique Metrics

  • Accounts Receivable: As of March 31, 2025, accounts receivable were $5,413,282, compared to $2,225,458 as of December 31, 2024.

Future Outlook and Strategy

  • Core Business Focus: The company plans to continue expanding its presence in the IBM Power infrastructure cloud and business continuity marketplace, leveraging its technical expertise and data centers.
  • Non-Core Business: The company is exploring strategic transactions, including capital structure simplification and warrant repurchases, to enhance its financial position.
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