Benzinga | Aug 9, 2021 04:40PM EDT

Quantum Sees Q2 Adj. EPS $(0.06)-$(0.02) vs $0.03 Est., Sales $84M-$92M vs $96.19M Est.; Sees FY22 Sales $380M-$420M vs $396.68M Est.

Outlook

Given the continued uncertainties in the supply chain for the second fiscal quarter of 2022, the company expects the following guidance range:

* Revenues of $88 million +/- $4 million (includes $2 million forecasted contribution from Pivot3 acquisition)

* Non-GAAP adjusted net loss of $2 million, plus or minus $1 million

* Non-GAAP adjusted net loss per share of $0.04, plus or minus $0.02

* Adjusted EBITDA of $2 million, plus or minus $1 million

For fiscal year 2022, the company expects the following revenue guidance range:

* Revenues of $380 to $420 million, determined by the timing of supply chain improvements

* Guidance excludes Pivot3 revenue for fiscal year 2022