Data Storage Corporation Warrant (DTSTW)
Company News
Data Storage Corporation sold its CloudFirst business to Performive for approximately $40 million, generating net proceeds of $24 million. The company plans to invest in digital infrastructure, AI-enabled software, GPU technologies, and cybersecurity.
Data Storage Corporation reported Q2 2025 results with increased sales but widened net loss. The company plans to sell Cloud First Technologies for $40 million, authorize a major share buyback, and pivot towards AI, cybersecurity, and SaaS technologies.
Data Storage Corporation reported strong financial results for the third quarter of 2024, with a significant increase in gross profit margin and profitability. The company's strategic focus on building high-margin recurring subscription revenue and expanding its global presence have contributed to its success.