Data Storage Corporation Reports Record Revenue of $25 Million and Achieves Profitability for the 2023 Fiscal Year
Data Storage Corporation (DTST)
NASDAQ:AMEX Investor Relations:
datastoragecorp.com/about-us/investor-relations
Company Research
Source: GlobeNewswire
MELVILLE, N.Y., March 28, 2024 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT services, today provided a business update and reported financial results for the year ended December 31, 2023. Chuck Piluso, CEO of Data Storage Corporation, stated, “We are proud to report record revenue of $25.0 million for the 2023 fiscal year which we believe is a direct result of the strategic growth initiatives we implemented throughout the year. Through our innovative marketing programs and highly attended events, we had continued success in securing one time equipment sales, however, our primary emphasis has been on our recurring subscription based services, which increased 17% over the prior year. Notably, gross profit grew 18.5% with gross profit margin increasing to 38.4% in 2023 from 33.9% in 2022—validating that our strategies are
Show less
Read more
Impact Snapshot
Event Time:
DTST
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DTST alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DTST alerts
High impacting Data Storage Corporation news events
Weekly update
A roundup of the hottest topics
DTST
News
- Data Storage Corporation Schedules First Quarter 2024 Business Update Conference Call [Yahoo! Finance]Yahoo! Finance
- Data Storage Corporation Schedules First Quarter 2024 Business Update Conference CallGlobeNewswire
- Global Digital Oilfield Market Size, Share, Trends, Analysis Report 2023-2026 and 2030: Demand Driven by the Need to Improve Workplace Safety, Productivity, and Asset Life Span [Yahoo! Finance]Yahoo! Finance
- Optimizing IoT Networks In An Increasingly Smart, Interconnected World [Forbes]Forbes
- Anodot Releases The State of Cloud Cost Optimization 2024 Report [Yahoo! Finance]Yahoo! Finance
DTST
Sec Filings
- 4/12/24 - Form 4
- 4/12/24 - Form 4
- 4/3/24 - Form 4
- DTST's page on the SEC website