FalconStor Software Announces First Quarter of 2024 Results [Yahoo! Finance]
FALCONSTOR SOFTWARE (FALC)
US:NASDAQ Investor Relations:
falconstor.com/page/559/investor-press-releases
Company Research
Source: Yahoo! Finance
127% increase in total hybrid cloud ARR run-rate for Q1 versus Q1 2023 $0.3 million increase in Net Income for Q1 versus Q1 2023, despite $0.1 million Net Loss during Q1 AUSTIN, Texas, May 08, 2024 BUSINESS WIRE )--FalconStor Software, Inc. (OTCMarkets.com: FALC), a trusted data protection leader modernizing disaster recovery and backup for the hybrid cloud world, today announced financial results for its first quarter of 2024, which ended on March 31, 2024. "In Q1, we continued to expand FalconStor's data protection and migration technology across the IBM global ecosystem, including on-premises, cloud, and MSP segments of the IBM Power customer base," said Todd Brooks, CEO of FalconStor. "This expansion drove growth in both total revenue and annual recurring revenue. Despite these gains, we did not meet our profitability targets for the quarter, despite a significant improvement in GAAP net income compared to last year." First Quarter 2024 Financial Results Hybrid Cloud AR
Show less
Read more
Impact Snapshot
Event Time:
FALC
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
FALC 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
FALC alerts
High impacting FALCONSTOR SOFTWARE news events
Weekly update
A roundup of the hottest topics