Quantum Corporation (Nasdaq: QMCO) announced the filing of its Annual Report on Form 10-K for the fiscal year ended March 31, 2025, as well as a delayed filing of the Form 10-Q for the quarter ended June 30, 2025.
The company's filing includes the review of accounting related to revenue contracts and the application of standalone selling price under accounting standards.
Quantum received a notice from Nasdaq regarding its compliance with Nasdaq Listing Rule 5250(c)(1) due to the delay in filing the Form 10-Q.
Annual Report Filing
Quantum Corporation filed its Annual Report on Form 10-K for the fiscal year 2025 with the SEC, detailing the results of accounting reviews and application of accounting standards.
Delayed Form 10-Q
A Form 12b-25 Notification of Late Filing was submitted due to the delayed filing of the Form 10-Q for the quarter ended June 30, 2025.
Nasdaq Compliance Notice
Quantum received a notice from Nasdaq stating non-compliance with Nasdaq Listing Rule 5250(c)(1) due to the Form 10-Q delay.
- The delay in filing the Form 10-Q signifies a need for additional time to finalize financial statements and complete reviews.
- Quantum's compliance with Nasdaq Listing Rules remains crucial for the continued listing of its common stock on Nasdaq.
- The upcoming filing of the Form 10-Q and conference call for fiscal first quarter 2026 results are key milestones for Quantum's financial transparency and regulatory compliance.
Quantum is actively working to finalize its fiscal first quarter 2026 financial statements and aims to submit the delayed Form 10-Q promptly to meet regulatory requirements and ensure compliance with Nasdaq regulations.