Quantum's scale-out storage revenues didn't scale out enough

Quantum delivered flat results with its business in limbo and awaiting direction and tuning from the new and CEO-less board. Essentially Quantum's revenues and net income were flat on the annual compare, with a trivial rise in revenue and a trivial reduction in net loss.   Q1 Fy2018 Q1 Fy2017 Q4 Fy2018 Revenues $116, …

[Harry the Bastard]

"as part of this work,...

...we are in the process of engaging a top-tier consulting firm which we expect will help the company to identify and deliver improvements in the operating characteristics of the business over the next six to 12 months, including accretive contributions to non-GAAP earnings."

short version of top-end consulting firm's recommendations: cut expensive experienced people, hire cheaper inexperienced people, cut employee benefits (only for non-execs obvs), screw suppliers with longer payment terms, lots of flimflam to operationalize the hoohah

hey quantum, where shall i send my invoice for this top-end advice?

[Anonymous Coward]

The Market Reacts

After this report their share price dropped 27.4% in one day. Wow!