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Quantum Faces Nasdaq Non-Compliance Notice Due to Delayed Annual Report
ByAinvest
Thursday, Jul 24, 2025 8:14 pm ET1min read
Quantum Corporation received a notice from Nasdaq for non-compliance due to a delay in filing its annual report. The delay is attributed to the need for additional time to review accounting related to revenue contracts and the application of standalone selling price standards. The company has 60 days to file the report or submit a compliance plan, with no immediate impact on its stock listing.
Quantum Corporation (NASDAQ: QMCO) has received a Nasdaq notice on July 17, 2025, indicating non-compliance due to a delayed filing of its FY 2025 annual report. The delay stems from an ongoing review of revenue contract accounting and the application of standalone selling price standards [1][2]. Quantum has 60 days to either file the report or submit a compliance plan to Nasdaq. The company is working diligently to complete the review and meet the required timeline.The Nasdaq notice states that Quantum is not in compliance with Nasdaq Listing Rule 5250(c)(1) due to the delayed filing of its Annual Report on Form 10-K. The delay was initially announced on June 30, 2025, when Quantum filed a Notification of Late Filing on Form 12b-25, indicating additional time was needed for the review of its accounting related to revenue contracts and the application of standalone selling price standards [2].
The company is committed to resolving this issue promptly. The notice has no immediate effect on the listing or trading of Quantum's common stock, which will continue to trade on Nasdaq, subject to the company's compliance with other continued listing requirements [2].
Quantum Corporation delivers end-to-end data management solutions designed for the AI era, with over four decades of experience. The company's data platform enables customers to extract maximum value from their unique, unstructured data. Leading organizations in various sectors trust Quantum with their most valuable asset—data [2].
References:
[1] https://seekingalpha.com/news/4471003-quantum-corp-receives-nasdaq-non-compliance-notice-over-delayed-annual-report
[2] https://investors.quantum.com/news-events/press-releases/detail/227/quantum-announces-receipt-of-nasdaq-notice-regarding
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