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Data Storage Corporation  (DTST)
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Data Storage Corporation

DTST's Financial Statements and Analysis



Data Storage Corporation reported in the first quarter of 2024 net earnings per share of $0.05 an increase by 400 % year on year from $0.01 and an improvement compare to net loss per share of $-0.01 realized in previous quarter.


first quarter of 2024
Earnings Per Share Revenues
$ 0.05 $  8 Mill
$+0.04     +400 % $+1M     +19.71 %



Data Storage's Revenue rose by 19.71 % in first quarter of 2024 (Mar 31 2024) year on year, to $8 million and advanced by 33.07 % sequentially.


Data Storage is

More on DTST's Income Statement



Data Storage 's net income of $0.346 million in the first quarter of 2024 increased by 886.52 % from net earnings of $0.035 million achieved in I. Quarter a year ago.

Sequentially Company turn into Profitability from net loss of $-0.100 million recorded in previous quarter.

More on DTST's Growth

Data Storage Inventories
In Mar 31 2024 company's net cash and cash equivalents decreased by $-1 million, capital expenditures grew by -0.426671-15.95%, to $0 millions compare to same quarter a year ago

More on DTST's Cash flow Statement


Data Storage Corporation does not pay out common stock dividend.

In trailing twelve-month period Data Storage Corporation earned $ 0.43 cash per share, on a free-cash flow basis 475.28 % of net earning per share.

Book value grew by 7.88 % sequentially to $2.79 per share, 55.61% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 1.98 per share from $ 1.81.

Company repurchased 0.37 million shares or 4.87 % in Mar 31 2024.
Interest Coverage Ratio was 1.68.

More on DTST's Dividends

 Market Capitalization (Millions) 52
 Shares Outstanding (Millions) 7
 Total Debt (Millions $) -
 Revenue (TTM) (Millions $) 26
 Net Income (TTM) (Millions $) 1
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) -1
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ -




Data Storage Corporation does not pay out common stock dividend.

In trailing twelve-month period Data Storage Corporation had $ 0.43 cash flow per share, on a free-cash flow basis 475.28 % of net earning per share.

Book value grew by 7.88 % sequentially to $2.79 per share, 55.61% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 1.98 per share from $ 1.81.

Company repurchased 0.37 million shares or 4.87 % in Mar 31 2024.
Interest Coverage Ratio was 1.68.

More on DTST's Balance Sheets

 Market Capitalization (Millions) 52
 Shares Outstanding (Millions) 7
 Total Debt (Millions $) -
 Revenue (TTM) (Millions $) 26
 Net Income (TTM) (Millions $) 1
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) -1
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ -
   


  News about Data Storage Corporation Earnings

Data Storage Corporation Shines with Strong Q1 2024 Financial Results



Data Storage Corporation (DSC), a leading provider of business continuity solutions, has released its Q1 2024 financial report, revealing strong revenue growth, improved profit margins, and significant business partnerships. Additionally, the company has made a strategic move to expand its operations into the United Kingdom, aiming to capitalize on the rising demand for secure data storage solutions. This article will analyze the financial results and discuss the potential impact on the company's future prospects.
1. Remarkable Revenue Growth:
In the first quarter of 2024, DSC achieved revenues of $8.24 million, representing an impressive year-on-year increase of 19.71%. The revenue growth ...

Data Storage Corporation Reports Widening Losses and Modest Revenue Growth in Q4 2023

Data Storage Corporation recently reported its financial results for the fourth quarter of 2023, revealing a...

Data Storage Corporation Shines with Remarkable Third Quarter Financial Performance Data Storage Corporation's Q3 2023 Earnings Show Positive Growth and Increased Revenue

Data Storage Corporation (NASDAQ: DTST) recently announced its financial results for the third quarter of 2023, and the numbers are looking positive. The company reported profits of $0.02 per share, a significant improvement from the loss of $0.04 per share in the same quarter last year. However, income did experience a slight decline of -33.33% compared to the previous reporting period, dropping from $0.03 per share.
Despite this, Data Storage Corporation witnessed a substantial increase in revenue. The company reported a 35.466% surge, with revenues reaching $5.99 million compared to $4.42 million in the same period last year. Sequentially, there was a 1.393% advance from $5.90 million. These figures d...

Data Storage Corporation's Revenue Surges in Q2 2023, Earnings per Share Remains Unchanged

Data Storage Corporation experienced a surge in revenue during the financial second quarter of 2023, but unfortunately, it did not translate into an improvement in their bottom-line. The company's earnings per share (EPS) remained unchanged at $0.03 per share, despite a significant increase in revenue of 22.301% to $5.90 million compared to the same quarter last year.
Comparing the financial second quarter of 2023 to the preceding period, there was a notable improvement in income per share by 200%, rising from $0.01 per share. However, revenue deteriorated by -14.177% from $6.88 million. Despite these fluctuations, Data Storage Corporation expresses satisfaction with the performance and commitment of its...

Shares Drop by 50% and Revenue Plummets by Over 20%

Investors brace yourself for some unsettling news reg...


Date modified: 2024-05-16T11:30:09+00:00





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