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Qualstar Corporation Reports Second Quarter 2024 Results
Achieved Positive Adjusted EBITDA for the Quarter
IRVINE, Calif., Aug. 13, 2024 /PRNewswire/ -- Qualstar Corporation (OTC Markets: QBAK), a leading manufacturer of data storage solutions and high-efficiency power supplies, today announced its financial results for the three- and six-month periods ended June 30, 2024.
Consolidated Financial Highlights (Unaudited)
(Amounts in thousands except per share data and percentages)
Three Months Ended June 30,
Six Months Ended June 30,
Consolidated Financial Results
2024
2023
$ ∆
% ∆
2024
2023
$ ∆
% ∆
Revenues
$
2,366
$
1,878
$
488
26.0
%
$
4,653
$
4,070
$
583
14.3
%
Gross profit
$
523
$
432
$
91
21.1
%
$
1,223
$
1,086
$
137
12.6
%
Gross margin
22.1
%
23.0
%
26.3
%
26.7
%