Quantum Corporation (Nasdaq: QMCO) announced today that it has received notification from the Listing Qualifications Department of the Nasdaq Stock Market LLC that its plan to regain compliance has been approved. The company’s plan, submitted on January 16, 2024, has been granted an extension by Nasdaq, allowing Quantum to file its Form 10-Q for the second fiscal quarter on or before May 7, 2024.
Quantum, a leader in quantum technology, software, and services, provides organizations with innovative solutions to manage and leverage video and unstructured data effectively. Known for its end-to-end platform, Quantum enables businesses to orchestrate, protect, and enhance data throughout its lifecycle, delivering valuable insights and intelligence. By trusting Quantum, leading organizations in cloud services, entertainment, government, research, education, transportation, and enterprise IT gain the ability to bring their data to life.
The approval from Nasdaq highlights Quantum’s commitment to meeting compliance requirements and ensuring transparency in its operations. By regaining listing compliance, Quantum strengthens its position in the market, demonstrating its dedication to providing valuable solutions to its customers.
With over 40 years of experience in the industry, Quantum has established itself as a trusted partner for organizations seeking to harness the power of data. By continuously innovating and adapting to the evolving needs of its clients, Quantum helps businesses thrive in today’s data-driven world.
For more information about Quantum and its comprehensive range of solutions, visit their official website at www.quantum.com.
Quantum and the Quantum logo are registered trademarks of Quantum Corporation and its affiliates. All other trademarks belong to their respective owners.
Investor Relations Contacts:
Shelton Group
Leanne K. Sievers | Brett L. Perry
P: 949-224-3874 | 214-272-0070
E: [email protected]
Quantum Corporation (Nasdaq: QMCO) has received approval from the Listing Qualifications Department of the Nasdaq Stock Market LLC for its plan to regain compliance. The company’s plan, submitted on January 16, 2024, has been granted an extension, allowing Quantum to file its Form 10-Q for the second fiscal quarter on or before May 7, 2024.
Quantum is a leader in quantum technology, software, and services. It offers innovative solutions for managing and leveraging video and unstructured data effectively. With its end-to-end platform, Quantum helps businesses orchestrate, protect, and enhance data throughout its lifecycle, providing valuable insights and intelligence. Trusted by leading organizations in various industries, Quantum enables them to bring their data to life.
The approval from Nasdaq signifies Quantum’s commitment to compliance and transparency in its operations. By regaining listing compliance, Quantum strengthens its position in the market and demonstrates its dedication to delivering valuable solutions to customers.
With more than 40 years of industry experience, Quantum has become a trusted partner for organizations seeking to harness the power of data. Through continuous innovation and adaptation to client needs, Quantum helps businesses thrive in today’s data-driven world.
For more information about Quantum and its comprehensive range of solutions, please visit their official website.
Key Terms and Jargon:
1. Compliance: Meeting the necessary rules, regulations, and standards set by a regulatory body.
2. Form 10-Q: A quarterly report filed by public companies with the U.S. Securities and Exchange Commission (SEC) that provides a comprehensive overview of the company’s financial performance during the quarter.
3. Quantum Technology: Refers to the use of principles from quantum mechanics to develop technologies that leverage the unique properties of quantum systems, such as superposition and entanglement, to perform tasks more efficiently than classical systems.
4. Unstructured Data: Refers to data that does not have a predefined data model or organization. It can include text, images, videos, audio, and other types of data that are difficult to analyze using traditional methods.
Related Links:
1. Quantum Official Website: Visit Quantum’s official website for more information about the company and its solutions.
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