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Qualstar
(OTC:QBAK)
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Rating:48Neutral
Price Target:
$3.00
▼(-15.49% Downside)
Action:Reiterated
Date:08/20/26
The score is held back primarily by weak financial performance—large TTM losses and negative operating/free cash flow—despite a low-leverage balance sheet. Technicals show some short-term improvement (price above 20/50-day averages and RSI in the low 60s), but longer-term trend measures remain unfavorable. Valuation is also pressured by negative earnings and no stated dividend yield.
Positive Factors
Revenue Rebound
The TTM revenue recovery indicates renewed demand for Qualstar’s storage products and provides a larger base from which management can improve utilization, margins, and operating leverage over the next several quarters.
Negative Factors
Severe Profitability Weakness
Deep net losses and nearly negligible operating margins show that current sales are not generating adequate returns. Without meaningful margin improvement, growth may not translate into stronger equity value or internally funded expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
The TTM revenue recovery indicates renewed demand for Qualstar’s storage products and provides a larger base from which management can improve utilization, margins, and operating leverage over the next several quarters.
Read all positive factors
Qualstar (QBAK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$14.90M
Dividend YieldN/A
Average Volume (3M)922.00
Price to Earnings (P/E)―
Beta (1Y)0.34
Revenue Growth8.53%
EPS Growth-537.58%
CountryUS
Employees15
SectorIndustrials
Sector Strength72
IndustryComputer Hardware
Share Statistics
EPS (TTM)-0.07
Shares Outstanding4,142,562
10 Day Avg. Volume460
30 Day Avg. Volume922
Financial Highlights & Ratios
PEG Ratio-9.91
Price to Book (P/B)17.36
Price to Sales (P/S)12.16
P/FCF Ratio253.73
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Qualstar Business Overview & Revenue Model
Company Description
Qualstar Corporation, established in 1984 and headquartered in Camarillo, California, operates globally in two primary sectors: power solutions and data storage systems. The company markets its data storage products under the Qualstar brand and it...
How the Company Makes Money
Qualstar primarily makes money through product revenue from selling its data storage hardware—most notably automated tape library systems—into enterprise, government, education, and other institutional markets that use tape-based workflows for bac...
Qualstar Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
74
Positive
Cash Flow
33
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.03M | 6.59M | 8.04M | 10.62M | 9.85M | 9.16M |
| Gross Profit | 971.00K | 1.91M | 2.46M | 3.28M | 2.66M | 2.72M |
| EBITDA | -1.52M | -333.00K | -444.00K | 177.00K | 135.00K | 466.00K |
| Net Income | -1.48M | 70.00K | -471.00K | 191.00K | 55.00K | 430.00K |
Balance Sheet | ||||||
| Total Assets | 5.83M | 6.52M | 6.72M | 8.05M | 8.10M | 8.69M |
| Cash, Cash Equivalents and Short-Term Investments | 2.00M | 2.81M | 2.44M | 2.42M | 2.80M | 4.20M |
| Total Debt | 172.00K | 245.00K | 382.00K | 95.00K | 260.00K | 321.00K |
| Total Liabilities | 2.36M | 1.90M | 2.15M | 3.04M | 2.75M | 2.83M |
| Stockholders Equity | 3.47M | 4.62M | 4.58M | 5.01M | 5.34M | 5.86M |
Cash Flow | ||||||
| Free Cash Flow | -567.00K | 316.00K | 222.00K | 131.00K | -832.00K | -124.00K |
| Operating Cash Flow | -567.00K | 316.00K | 222.00K | 138.00K | -831.00K | -68.00K |
| Investing Cash Flow | -495.00K | -633.00K | 49.00K | -108.00K | -26.00K | -56.00K |
| Financing Cash Flow | 0.00 | -218.00K | -143.00K | -522.00K | -571.00K | 62.00K |
Qualstar Technical Analysis
3.55
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For QBAK, the sentiment is undefined. The current price of 3.55 is equal to the 20-day moving average (MA) of ―, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a undefined sentiment for QBAK.
Qualstar Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | $89.06M | -666.09 | 0.27% | ― | 16.48% | 99.12% | |
55 Neutral | $80.37M | -4.41 | -60.76% | ― | 57.22% | 13.79% | |
48 Neutral | $14.90M | -50.34 | -33.35% | ― | 8.53% | -537.58% | |
45 Neutral | $32.08M | -4.30 | -27.64% | ― | ― | ― | |
44 Neutral | $5.90M | -0.39 | -618.35% | ― | -61.39% | -93.53% |
* Industrials Sector Average
QBAK
Qualstar
3.55
0.50
16.43%
OESX
Orion Energy Systems
23.18
15.83
215.37%
IPWR
Ideal Power
4.67
-0.42
-8.31%
PPSI
Pioneer Power Solutions
3.01
-0.66
-17.98%
POLA
Polar Power
1.39
-1.50
-51.90%
RAYA
Erayak Power Solution Group Incorporation Class A
2.20
-102.74
-97.90%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.