DATA STORAGE CORP C/WTS 18/05/2026 (TO PUR COM) | 10-Q: FY2025 Q2 Revenue: USD 5.147 M

LB filings
2025.08.14 20:20
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Revenue: As of FY2025 Q2, the actual value is USD 5.147 M.

EPS: As of FY2025 Q2, the actual value is USD -0.1.

EBIT: As of FY2025 Q2, the actual value is USD -731.96 K.

Segment Revenue

  • CloudFirst Technologies: Sales for the three months ended June 30, 2025, were $4,815,516, compared to $4,617,445 for the same period in 2024.
  • CloudFirst Europe Ltd.: No sales reported for the three months ended June 30, 2025, and 2024.
  • Nexxis Inc.: Sales for the three months ended June 30, 2025, were $331,406, compared to $293,047 for the same period in 2024.

Operational Metrics

  • Loss from Operations: For the three months ended June 30, 2025, the loss from operations was -$795,667, compared to -$388,786 for the same period in 2024.
  • Net Income (Loss): Net loss attributable to common stockholders for the three months ended June 30, 2025, was -$733,049, compared to -$244,240 for the same period in 2024.

Cash Flow

  • Operating Cash Flow: Net cash used in operating activities for the six months ended June 30, 2025, was -$727,487, compared to $354,791 provided by operating activities for the same period in 2024.
  • Investing Cash Flow: Net cash provided by investing activities for the six months ended June 30, 2025, was $272,016, compared to -$798,381 used in investing activities for the same period in 2024.

Unique Metrics

  • Adjusted EBITDA: For the three months ended June 30, 2025, Adjusted EBITDA was -$32,567, compared to $163,593 for the same period in 2024.

Future Outlook and Strategy

  • Core Business Focus: The company plans to divest its CloudFirst Technologies Corporation and CloudFirst Europe Ltd. subsidiaries, which represent a strategic shift in operations. The divestiture is expected to yield approximately $40 million in cash, subject to adjustments, and is contingent upon shareholder approval.
  • Non-Core Business: Following the divestiture, the company will focus on its Nexxis subsidiary, which provides VoIP, telecommunications, and data access services. The company intends to pursue acquisitions in complementary and high-growth technology sectors.
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