Data Storage Q1 sales rise on Nexxis growth
Data Storage Corporation DTST | 0.00 |
Overview
US data infrastructure firm's Q1 sales rose yr/yr
Q1 net loss per share attributable to common stockholders at -$0.20
Company launched Sovereign AI Solutions subsidiary focused on AI continuity for regulated sectors
Outlook
Company expects to advance development of Sovereign AI Solutions subsidiary throughout 2026
Company continues to evaluate strategic partnerships, investments, and acquisitions to strengthen long-term positioning
Result Drivers
NEXXIS SALES GROWTH - Sales from Nexxis rose 10.9% yr/yr, with gross profit up 32.1%, driven by demand for connectivity solutions and increased spending from existing customers
AI INFRASTRUCTURE INITIATIVE - Co launched Sovereign AI Solutions focused on developing AI continuity infrastructure for regulated industries
FINANCIAL POSITION - Co highlighted strong financial position with no long-term debt and substantial working capital
Company press release: ID:nGNX7XC7Wh
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q1 Loss per share attributable to common stockholders – diluted |
|
-$0.20 |
|
Analyst Coverage
The one available analyst rating on the shares is "hold"
Wall Street's median 12-month price target for Data Storage Corp is $9.00, about 106.4% above its May 14 closing price of $4.36
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.