Data Storage net loss widens to $631,272 in Q1 FY26; sales rise 10.9% to $346,707

Data Storage Corporation

Data Storage Corporation

DTST

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  • Data Storage Corporation posted a net loss attributable to common stockholders of USD 631,272 for first-quarter 2026, swinging from net income of USD 24,078 a year earlier, while loss per share widened to USD 0.20 from USD 0.00.
  • Sales rose 10.9% to USD 346,707, while operating loss widened to USD 1.29 million from USD 716,138.
  • Gross margin expanded 8.7 percentage points to 53.7%, with Nexxis sales up 10.9% year over year and gross profit up 32.1%.
  • Cash and cash equivalents fell to USD 114,622 at March 31, 2026 from USD 1.99 million at Dec. 31, 2025, while marketable securities declined to USD 9.57 million from USD 39 million.
  • Company launched plan to form wholly owned subsidiary Sovereign AI Solutions to develop an AI Continuity Control Plane for regulated industries, with management expecting development work to advance through 2026 ahead of potential customer engagements.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Data Storage Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605150830PRIMZONEFULLFEED9721018) on May 15, 2026, and is solely responsible for the information contained therein.