FALC
FalconStor Software, Inc.1.5800
-0.0200-1.25%
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
11.30MP/E (TTM)
-Basic EPS (TTM)
-0.04Dividend Yield
0%Recent Filings
8-K
Annual meeting results
FalconStor Software held its annual stockholder meeting on June 29, 2023, electing Barry Rudolph to the board for a three-year term with 4,422,122 votes for and just 2,186 withheld. Stockholders approved executive pay via advisory vote (4,403,272 for), opted for annual say-on-pay frequency, and ratified Marcum LLP as auditors (6,176,021 for). Board continuity holds firm. No major disruptions noted.
8-K
FalconStor plans SEC deregistration
FalconStor Software announced on June 28, 2023, its plan to file Form 15 by July 12 to voluntarily deregister its common stock under Section 12(g) of the Exchange Act, effective 90 days later, due to having fewer than 300 shareholders. This move suspends periodic SEC reporting obligations, slashing legal, audit, and compliance costs while shifting to the OTC Pink Current tier from OTCQB. The board deems it best for shareholders. Costs outweighed benefits.
10-Q
Q1 FY2023 results
FalconStor posted Q1 revenue of $2.3M, up 11% y/y from $2.0M, fueled by a 72% surge in product sales to $1.0M while support revenue dipped 14% to $1.2M; gross margin climbed to 83% from 80%, but operating loss narrowed to $0.4M from $1.1M thanks to 16% lower opex. Net loss shrank to $0.4M from $1.1M, with diluted EPS at -$0.11 versus -$0.20 on 7.1M shares—anti-dilution kept shares flat. Cash dipped to $1.8M with negative $0.1M operating cash flow, yet $2.3M senior debt matures June 2024 at prime +0.75% and $16.3M preferred redemption extended to then too. No free cash flow disclosed in the 10-Q. Steady cash should cover needs. Geopolitical tensions still cloud demand.
8-K
Q1 revenue up 11%, hybrid cloud booms
FalconStor Software reported Q1 2023 results on May 10, showing total revenue of $2.3 million, up 11% year-over-year but down 11% from the prior quarter amid a shift to recurring models. Hybrid cloud ARR run-rate surged 81% sequentially and 394% annually, fueled by IBM partnership growth and MSP expansions. Yet profitability eluded them with a $0.4 million net loss. Cash dipped to $1.8 million.
10-K
FY2022 results
FalconStor Software's FY2022 revenue fell 28% year-over-year to $10.1 million, driven by a 39% drop in product sales to $4.2 million from large multi-year deals in 2021 that didn't repeat, while support revenue dipped 16% to $5.8 million; yet Q4 showed sequential stabilization at $2.5 million, down 28.5% from Q4 2021 but up from Q3's $3.1 million, signaling potential momentum amid a shift to recurring subscription models via IBM partnerships. Gross margins held at 84%, with operating expenses cut 16% to $9.7 million through headcount reductions, yielding a $1.8 million net loss versus near-breakeven in 2021, though Q4 swung to a slim $20,000 profit from Q4 2021's $0.3 million loss. Cash dwindled to $2.0 million with $1.2 million operating outflows, but debt extensions to June 2024 bolster liquidity; no dividends or buybacks occurred. Hale Capital's influence limits change-of-control options, risking stalled growth.
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