Company profile

Ticker
QBAK
Exchange
CEO
Steven Nathan Bronson
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
953927330

QBAK stock data

(
)

Calendar

19 Mar 20
9 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 3.44M 3.7M 3.44M 2.86M
Net income -186K 49K -11K 141K
Diluted EPS -0.09 0.03 -0.01 0.07
Net profit margin -5.41% 1.32% -0.32% 4.94%
Operating income -216K 37K -27K 136K
Net change in cash -408K -105K -289K -116K
Cash on hand 3.86M 4.27M 4.38M 4.67M
Cost of revenue 2.6M 2.75M 2.63M 1.94M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 13.44M 12.23M 10.64M 9.42M
Net income -7K 1.49M 640K -1.21M
Diluted EPS 0 0.72 0.31 -0.59
Net profit margin -0.05% 12.15% 6.01% -12.85%
Operating income -70K 1.49M 657K -1.21M
Net change in cash -918K 83K 1.01M -172K
Cash on hand 3.86M 4.78M 4.7M 3.69M
Cost of revenue 9.92M 7.18M 6.39M 6.82M

Financial data from Qualstar earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
6 Mar 20 Bronson Steven N Common Stock Option exercise Aquire M No 0 25,000 0 39,617
6 Mar 20 Bronson Steven N RSU Common Stock Option exercise Dispose M No 0 25,000 0 25,000
29 Oct 19 Bronson Steven N RSU Common Stock Grant Aquire A No 0 50,000 0 50,000
23 Sep 19 Bronson Steven N Common Stock Buy Aquire P No 6.3912 5,000 31.96K 708,286
20 Sep 19 Bronson Steven N Common Stock Buy Aquire P No 6.2652 3,285 20.58K 703,286
9 Sep 19 Bronson Steven N Common Stock Buy Aquire P No 5.5694 6,043 33.66K 664,834
6 Sep 19 Bronson Steven N Common Stock Buy Aquire P No 5.5572 12,431 69.08K 658,791
5 Sep 19 Bronson Steven N Common Stock Buy Aquire P No 5.4684 6,866 37.55K 646,360
12.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 14 19 -26.3%
Opened positions 1 1
Closed positions 6 0 NEW
Increased positions 1 1
Reduced positions 3 8 -62.5%
13F shares
Current Prev Q Change
Total value 627K 1.45M -56.9%
Total shares 234.09K 268.26K -12.7%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Renaissance Technologies 139.5K $375K -3.9%
Dimensional Fund Advisors 25.3K $66K 0.0%
Vanguard 23.3K $63K -0.9%
Wedbush Securities 15.69K $42K -63.6%
NTRS Northern Trust 13.14K $35K 0.0%
Geode Capital Management 11.99K $31K 0.0%
MS Morgan Stanley 2.4K $6K 0.0%
Wealthcare Advisory Partners 1K $3K 0.0%
UBS UBS 995 $3K +4.4%
Advisor 500 $1K NEW
Largest transactions
Shares Bought/sold Change
Wedbush Securities 15.69K -27.44K -63.6%
Renaissance Technologies 139.5K -5.7K -3.9%
Advisor 500 +500 NEW
Advisor 0 -500 EXIT
DB Deutsche Bank 0 -400 EXIT
Aspire Private Capital 0 -300 EXIT
Vanguard 23.3K -200 -0.9%
Tower Research Capital 0 -100 EXIT
BAC Bank of America 0 -74 EXIT
UBS UBS 995 +42 +4.4%

Financial report summary

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Management Discussion
  • The increase in net revenues is attributed to the segment-specific factors as set forth below.
  • Power Supplies – The decrease in sales is attributed to decreased demand from our existing customers. Key customers that incorporate our power supplies have variable life cycles and production demands. As some projects are accelerating and others approach end of life, the timing of new production creates a fluctuation in sales.
  • Storage – For the fiscal year ending December 31, 2019 compared to the prior year period, we experienced revenue growth from the sale of both products and services in our data storage segment. The increase in product revenues is attributed to new vertical channel partnerships focused on media and entertainment, digital forensics, eDiscovery and video surveillance markets. With the release of the LTO8 (Linear Tape-Open) tape technology and the capacity of tape libraries increasing by 100%, the Company has seen a shift in sales to entry level and mid-size libraries. Our Q-Series product portfolio caters to the entry level and mid-size market requirements. Our service revenue increased compared to the previous year, primarily due to the product development service revenue received from our partnership with Sony Imaging Products & Solutions Inc. (“Sony”) for the development of an enterprise class optical disk archive (“ODA”) library offset with a decrease in our technical support revenue. In the quarter ended March 31, 2020, Qualstar provided a notice of termination to Sony and completed its remaining obligations under its contract with Sony.
Content analysis ?
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Legalese
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Readability
8th grade Avg
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