Jun. 30 at 8:28 PM
$QMCO Not great—not disaster. Investors are selling heavily after hours because the report didn’t impress. Here’s a breakdown:
Revenue came in at
$65–67 million, basically right in line with guidance of ~
$66M .
Gross margin hit around 44%, also matching expectations .
GAAP net loss was about
$3.5 million .
There was no major surprise—nothing bad, but nothing that excites. As a result, the stock dropped roughly 14% today .
🧐 Was This Bad or Just Meh?
“Mediocre” is fair. They hit the numbers, but didn't beat them.
The guidance lacked optimism or boost for future growth—so traders reacted with a sell-off.
In short: not a disastrous miss, but not enough to rally the stock, either. Just… business as usual.
