DTST
Data Storage Corporation5.02
+0.00+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
37.64MP/E (TTM)
27.89Basic EPS (TTM)
0.18Dividend Yield
0%Recent Filings
8-K
10-Q
8-K
8-K
Closes $40M CloudFirst sale
Data Storage Corporation completed the sale of its CloudFirst cloud solutions business on September 11, 2025, for a $40 million base price after shareholder approval the prior day. The divestiture, involving asset contribution to a subsidiary and sale to Total Server Solutions Holdings, nets approximately $24 million after adjustments and taxes, leaving Nexxis as the sole operating unit with $1.1 million in 2024 sales. Proceeds will fund targeted acquisitions in AI, GPU, and cybersecurity sectors. Post-closing adjustments may tweak the final payout.
8-K
Proxy supplements divestiture valuation
Data Storage Corporation supplemented its definitive proxy statement for the September 10, 2025, stockholder meeting approving the $40 million divestiture of its cloud solutions business, including CloudFirst Technologies assets, after shareholder demands for more valuation details. The updates detail Cassel Salpeter's analyses, showing selected company multiples averaging 8.0x LTM Normalized EBITDA (median 9.2x) and transaction multiples averaging 15.3x (median 10.7x), yielding implied values of $34.7-$42.6 million aligning with the base price. Company deems claims meritless but adds disclosures to sidestep litigation. Valuation judgments vary by market factors.
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