Data Storage CORP

Market Movers (8-K)

NASDAQ
Data Storage Corporation has entered into a new Equity Distribution Agreement with Maxim Group LLC, allowing for the offering and sale of its common stock.
Capital raise
NASDAQ
Data Storage Corporation announces Q1 2026 business update, launching Sovereign AI Solutions (SaiS) to focus on AI continuity infrastructure for regulated industries.
Worse than expected
NASDAQ
Data Storage Corporation announced its fiscal year 2025 results, highlighting a $40 million CloudFirst divestiture, a $29.3 million shareholder tender offer, and record net income of $19.2 million, positioning the company debt-free with over $10 million in capital for future growth.
NASDAQ
Data Storage Corporation approved a 2025 bonus for its CEO, amended employment agreements for its CEO and CFO with new compensation structures, and announced the resignation of its President.
NASDAQ
Data Storage Corporation completed its tender offer, repurchasing 72% of outstanding shares and retaining over $10 million for a disciplined M&A strategy focused on high-growth tech services.
NASDAQ
Data Storage Corporation announced the final results of its tender offer, purchasing 5.6 million shares and retaining approximately $10 million in cash for strategic M&A.

Quarterly Earnings (10-Q)

NASDAQ
Data Storage Corporation reported a 10.9% increase in sales for Q1 2026, driven by its Nexxis subsidiary, but a wider net loss due to increased stock-based compensation and tax-related expenses.
Worse than expected
NASDAQ
Data Storage Corporation completed the sale of its Cloud Solutions Business for $40 million, generating a significant gain and announcing a tender offer to repurchase up to 85% of its common stock.
Capital raise
Better than expected
NASDAQ
Data Storage Corporation reported increased losses in Q2 2025, driven by higher operating expenses, as it prepares to divest its core cloud solutions business for $40 million.
Capital raise
Worse than expected
NASDAQ
Data Storage Corporation's Q1 2025 revenue decreased slightly compared to Q1 2024, with the company focusing on international expansion and integration of recent acquisitions.
Worse than expected
Capital raise
NASDAQ
Data Storage Corporation's Q3 2024 results show a slight decrease in revenue year-over-year, with strategic investments and international expansion efforts underway.
Worse than expected
Capital raise
NASDAQ
Data Storage Corporation's Q2 2024 results show a decrease in revenue compared to the same period last year, but the company is focusing on strategic initiatives including international expansion.
Worse than expected
Capital raise

Annual Reports (10-K)

NASDAQ
Data Storage Corporation filed its annual report detailing a strategic pivot after selling its CloudFirst business, focusing on Nexxis operations and future acquisitions, while addressing a material weakness in internal controls.
NASDAQ
Data Storage Corporation files an amendment to its 2024 Annual Report on Form 10-K to include information required by Part III regarding directors, executive officers, and corporate governance.
Delay expected
NASDAQ
Data Storage Corporation's 2024 annual report reveals a slight increase in revenue and net income, driven by growth in cloud infrastructure and disaster recovery services.
Better than expected
Capital raise
NASDAQ
Data Storage Corporation saw a 5% increase in revenue for 2023, reaching $24.96 million, while navigating a competitive market and focusing on strategic growth.
Better than expected

Insider Trading (Form 4)

NASDAQ
Chairman and CEO Charles M. Piluso sold 86,958 shares of Data Storage Corp to satisfy tax withholding requirements.
NASDAQ
Data Storage Corp's Chairman and CEO Charles M. Piluso's restricted stock unit award of 160,600 shares is now confirmed to vest on May 20, 2026, correcting an earlier filing.
Delay expected
NASDAQ
Data Storage Corp's Chairman and CEO, Charles M. Piluso, acquired 160,600 shares of common stock through a restricted stock unit grant.
Better than expected
NASDAQ
Harold J Schwartz, a Director at Data Storage Corp, was granted 10,000 Restricted Stock Units vesting upon the 2026 Annual Meeting.
NASDAQ
Matthew Grover, a Director at Data Storage Corp, received a grant of 10,000 Restricted Stock Units, aligning his interests with shareholders.
NASDAQ
Data Storage Corp's Director, Todd A. Correll, was granted 10,000 restricted stock units, vesting fully at the 2026 Annual Meeting.

Proxy Statements (Def-14A)

NASDAQ
Data Storage Corporation announces its 2026 Annual Meeting, detailing the sale of CloudFirst, a significant return of capital to shareholders, and the ongoing evaluation of strategic alternatives for future growth.
NASDAQ
Data Storage Corporation filed supplemental disclosures for its cloud solutions business divestiture to address shareholder concerns and avoid potential litigation.
Worse than expected
Delay expected
NASDAQ
Data Storage Corporation reports Q2 2025 financial results and announces a proposed $40 million sale of its CloudFirst Technologies subsidiary, coupled with a significant share repurchase plan.
Worse than expected
Capital raise
NASDAQ
Data Storage Corporation (DSC) is seeking shareholder approval for the divestiture of its cloud solutions business for $40 million, aiming to unlock shareholder value and pursue new high-growth technology opportunities.
Better than expected
NASDAQ
Data Storage Corporation has announced its 2024 Annual Meeting of Stockholders to be held on June 20, 2024, with several key proposals for consideration, including the election of directors and an amendment to the 2021 Stock Incentive Plan.

New Public Companies (S-1)

NASDAQ
Data Storage Corporation has filed a post-effective amendment to its S-1 registration statement to register the issuance of up to 1,464,610 shares of common stock upon the exercise of outstanding warrants.
Capital raise

Schedule 13G - Passive Investments

NASDAQ
Investment adviser Bard Associates Inc. has reported a complete divestment of its beneficial ownership in Data Storage Corp, reducing its stake to 0%.
Worse than expected