Quantum is trading 11.24% up at $24.40 after investors continued reacting to August 10 earnings and the elimination of its debt.
- Fiscal first-quarter revenue reached $80.8 million, exceeding guidance, while adjusted net income turned positive at $0.18 per share.
- Management guided for approximately $82 million in second-quarter revenue, reinforcing the turnaround outlook.
- Shares also rose 13.07% on August 12.