QUANTUM CORP (QMCO) [Rocket]

In millions, except per share items	Mar-31-22	Mar-31-21	Mar-31-20	Mar-31-19	Mar-31-18	Mar-31-17	Mar-31-16	Mar-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Tape automation systems							97.5	152.2
Devices and media							45.8	62.6
Disk backup systems							39.7	54.8
Other							293.0	283.4
Total revenues [+]	372.8	349.6	402.9	402.7	437.7	493.1	476.0	553.1
Royalties							41.2	41.8
Products							286.2	355.6
Services							148.5	155.7
Revenue growth [+]	6.7%	-13.2%	0.1%	-8.0%	-11.2%	3.6%	-13.9%	0.0%
Tape automation systems							-36.0%	-12.7%
Devices and media							-26.9%	-11.4%
Disk backup systems							-27.6%	9.2%
Cost of goods sold [+]	225.8	198.8	230.4	240.6	273.4	287.8	549.8	617.8
Cost of product sales							207.1	237.4
Cost of services							65.8	70.7
Non-recurring costs				5.6	8.5		4.0	1.7
Gross profit	147.0	150.8	172.5	162.0	164.3	205.3	-73.9	-64.7
Gross margin	39.4%	43.1%	42.8%	40.2%	37.5%	41.6%	-15.5%	-11.7%
Selling, general and administrative [+]	108.2	96.9	114.0	134.7	154.4	152.1	162.5	170.5
Sales and marketing	63.0	54.9	59.5	69.4	102.2	100.5	108.7	114.0
General and administrative	45.3	42.0	54.5	65.3	52.1	51.6	53.8	56.5
Research and development	51.8	41.7	36.3	32.1	38.6	44.4	48.7	58.6
Other operating expenses				-5.3	-8.5		-278.6	-311.5
EBITDA [+]	-3.6	17.8	26.5	4.8	-15.2	14.4	0.2	29.6
EBITDA growth	-120.1%	-32.9%	453.2%	-131.6%	-205.3%	6665.7%	-99.3%	27.0%
EBITDA margin	-1.0%	5.1%	6.6%	1.2%	-3.5%	2.9%	0.0%	5.4%
Depreciation	5.7	5.6	4.3	4.3	5.0	5.6	6.4	8.3
EBITA	-9.3	12.2	22.2	0.5	-20.1	8.8	-6.2	21.3
EBITA margin	-2.5%	3.5%	5.5%	0.1%	-4.6%	1.8%	-1.3%	3.9%
Amortization of intangibles	3.7	0.1					0.3	3.7
EBIT [+]	-13.0	12.1	22.2	0.5	-20.1	8.8	-6.5	17.6
EBIT growth	-207.3%	-45.5%	4117.5%	-102.6%	-329.6%	-235.5%	-136.7%	374.6%
EBIT margin	-3.5%	3.5%	5.5%	0.1%	-4.6%	1.8%	-1.4%	3.2%
Non-recurring items [+]	0.9	3.7	1.0	5.3	8.5	2.1	61.3	2.9
Asset impairment							55.6
Non-recurring expenses in COGS				5.6	8.5		4.0	1.7
Interest expense	11.9	27.5	25.4	21.1	11.7	8.0	6.8	9.5
Interest expense	11.9	27.5	25.4	21.1	11.7	8.0	6.8	9.5
Other income (expense), net [+]	-5.2	-16.1	-0.3	-14.6	-6.2	0.6	-0.6	12.5
Gain (loss) on sale of assets								0.5
Gain (loss) on debt retirement	-5.0	-14.8		-17.5	-6.9	0.0	-0.4	-1.3
Other	0.3	1.3	0.3	2.9	0.8	-0.6	-0.2	13.8
Pre-tax income	-30.9	-35.2	-4.4	-40.4	-46.5	-0.8	-75.2	17.8
Income taxes	1.3	0.2	0.8	2.4	-3.1	1.7	1.2	0.7
Tax rate					6.7%			4.0%
Net income	-32.3	-35.5	-5.2	-42.8	-43.3	-2.4	-76.4	17.1
Net margin	-8.7%	-10.2%	-1.3%	-10.6%	-9.9%	-0.5%	-16.1%	3.1%

Basic EPS [+]	($0.55)	($0.83)	($0.14)	($1.20)	($1.25)	($0.07)	($2.33)	$0.54
Growth	-33.8%	498.9%	-88.5%	-3.7%	1651.0%	-96.9%	-533.5%	-717.3%
Diluted EPS [+]	($0.55)	($0.83)	($0.14)	($1.20)	($1.25)	($0.07)	($2.33)	$0.53
Growth	-33.8%	498.9%	-88.5%	-3.7%	1651.0%	-96.9%	-542.6%	-704.6%

Shares outstanding (basic) [+]	58.9	42.9	37.6	35.6	34.7	33.7	32.8	31.8
Growth	37.4%	14.0%	5.7%	2.5%	2.8%	2.7%	3.2%	-87.1%
Shares outstanding (diluted) [+]	58.9	42.9	37.6	35.6	34.7	33.7	32.8	32.5
Growth	37.4%	14.0%	5.7%	2.5%	2.8%	2.7%	1.0%	-86.8%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.