CAMARILLO, Calif., March 30, 2026 (GLOBE NEWSWIRE) — Qualstar Corporation (OTC:QBAK), a trusted provider of scalable data storage and high-efficiency power solutions, today reported financial results for the quarter ended December 31, 2025.
2025 and Recent Highlights
- We achieved 9% year-over-year revenue growth in our Data Storage business.
- We recently launched the Q1000+ Powered by Orion, an enterprise tape library storage solution designed to be Simply Reliable™, offering superior performance and scalability for short-term backup, disaster recovery, and long-term archiving requirements.
- We hold over $2.8 million in cash, cash equivalents, and marketable securities, with no outstanding debt.
Management Commentary
“Despite a nearly $1.9 million decline in our Power Supply business and a slower fourth quarter overall, we delivered net income for the year, driven by growth in our Data Storage business and certain items of non-operating income,” said Steven N. Bronson, President and CEO. “We are confident that we are well-positioned for organic growth in 2026, supported by customer expansion and broader product offerings in data hardware and software solutions. Additionally, we continue to pursue acquisitions related to the data retention industry.”
Consolidated Financial Results (Unaudited)
(Amounts in thousands except per share data and percentages)
| Three Months Ended December 31, | Year Ended December 31, | ||||||||||||||||||||||||||||||||||
| 2025 | 2024 | $ ∆ | % ∆ | 2025 | 2024 | $ ∆ | % ∆ | ||||||||||||||||||||||||||||
| Revenues | $ | 1,488 | $ | 2,033 | $ | (545 | ) | (26.8 | ) | % | $ | 6,595 | $ | 8,044 | $ | (1,449 | ) | (18.0 | ) | % | |||||||||||||||
| Gross profit | $ | 302 | $ | 683 | $ | (381 | ) | (55.8 | ) | % | $ | 2,085 | $ | 2,458 | $ | (373 | ) | (15.2 | ) | % | |||||||||||||||
| Gross margin | 20.3 | % | 33.6 | % | 31.6 | % | 30.6 | % | |||||||||||||||||||||||||||