Qualstar reports Q2 EPS 14c vs. (23c) last year

Reports revenue $1.43M vs. $2.4M last year. “Our second quarter results reflect the benefits of a disciplined operating model, with gross margin expansion and positive net income despite lower year-over-year revenue,” said Steven Bronson, CEO and President of Qualstar (QBAK). “With over four decades of experience in magnetic tape storage and a global footprint, Qualstar is a trusted enabler of the growing data economy, well-positioned to capture expanding market opportunities and execute on strategic initiatives that include complementary software offerings and targeted acquisitions to drive recurring revenue, scale the business, and deliver long-term shareholder value.”