Q1 2025 Data Storage Corp Earnings Call Transcript
Key Points
- Data Storage Corp (DTST) reported a 14% year-over-year growth in its core cloud infrastructure and disaster recovery services.
- The company maintained margin stability with a gross profit of $2.86 million.
- Data Storage Corp (DTST) remains debt-free, closing the quarter with $11.1 million in cash and marketable securities.
- The company has expanded its infrastructure footprint and partner ecosystem in the UK through strategic partnerships.
- Data Storage Corp (DTST) is positioned as a global leader in cloud infrastructure services, supporting over 400 clients and managing over 600 contracts.
- Total revenue for the quarter decreased by approximately 2% compared to the same period last year, primarily due to a decrease in one-time equipment sales.
- Net income attributable to common shareholders significantly decreased to $24,000 from $357,000 in the previous year.
- Adjusted EBITDA decreased to $497,000 from $680,000 year-over-year.
- The company acknowledges a disconnect between its operating fundamentals and current equity valuation, with the stock price not reflecting the business's value.
- Selling, general, and administrative expenses increased by approximately $200,000, attributed to higher professional fees, stock-based compensation, and increased headcount.
Greetings and welcome to the Data Storage Corporation. First quarter 2025 earnings call. (Operator Instructions) I would now like to turn the call over to your host, Alexandra Schilt, Investor Relations for Data Storage Corporation. Thank you. You may begin.
Thank you. Good morning, everyone, and welcome to Data Storage Corporation's 2025 1st quarter business update conference call.
On the call with us this morning are Chuck Peluso, Chairman and Chief Executive Officer, and Chris Panagio Taco's Chief Financial Officer.
The company issued a press release this morning containing its 2025 first quarter financial results, which is also posted on the company's website. If you have any questions after the call or like any additional information about the company, please contact Crescendo Communications at 212-671-1020.
Before we begin, I'd like to remind listeners that this conference call contains forward-looking statements within the meaning of the Private Security litigation
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