| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 0.36 | 2.9% | 93.0% |
| Total Income | 0.36 | 2.9% | 93.0% |
| Expenditure | 1.64 | 0.6% | 72.4% |
| PBT | -1.24 | 18.1% | 69.9% |
| Net Profit | -1.23 | 98.4% | 68.5% |
| OPM | — | ||
| NPM | — | ||
| EPS | -0.55 | 175.0% | 450.0% |
Data Storage Corporation Provides Q2 2026 Business Update
15 Aug 2026 · 15 Aug, 1:50 am
Summary
Data Storage Corporation provided a business update for its second quarter ended June 30, 2026, highlighting continued momentum at its subsidiary Nexxis, which saw revenue from continuing operations increase by 9.3% year over year. The company is actively evaluating acquisition opportunities in recurring revenue technology businesses, focusing on sectors like AI infrastructure, cybersecurity, and enterprise software. Data Storage Corporation maintains a strong capital position with approximately $9.3 million in cash and marketable securities and no long-term debt, enabling it to pursue strategic acquisitions and investments.
Key Highlights
- 1
Data Storage Corporation provided a business update for the second quarter ended June 30, 2026.
- 2
Revenue from continuing operations at Nexxis increased 9.3% year over year.
- 3
The company is actively evaluating acquisition opportunities focused on recurring revenue technology businesses.
- 4
Data Storage Corporation maintained a strong capital position with approximately $9.3 million in cash and cash equivalents and marketable securities.
- 5
The company has no long-term debt and a streamlined corporate structure, positioning it to act on attractive opportunities.
- 6
The company is pursuing strategic initiatives focused on AI continuity infrastructure for regulated industries.
Management Comments
Chuck Piluso
The second quarter marked another step forward in our transformation following the successful sale of our CloudFirst business. While Nexxis continued to generate recurring telecommunications revenue and delivered year-over-year growth in both revenue and gross profit, the most important work taking place today is the execution of our long-term capital allocation strategy. Our objective is clear—to build shareholder value through disciplined investments and strategic acquisitions of businesses with recurring revenue, predictable cash flows and attractive long-term growth opportunities. We are actively evaluating opportunities across AI infrastructure, cybersecurity, communications, enterprise software and other technology sectors where we believe our experience, public company platform and financial resources can create meaningful value. We are focused on acquiring quality businesses that we believe can generate sustainable earnings and complement our long-term investment strategy. We are looking for companies with established customer relationships, recurring revenue models, experienced management teams and opportunities for operational and financial growth. At the same time, Nexxis continues to perform well as a stable operating business, reflecting continued demand for reliable enterprise connectivity solutions. We believe this recurring revenue business provides an attractive operating foundation while we pursue acquisition opportunities that have the potential to significantly expand our scale and earnings power. With approximately $9.3 million in cash and cash equivalents and marketable securities, no long-term debt and the flexibility provided by our streamlined corporate structure, we believe we are well positioned to act when attractive opportunities arise. Our focus remains on disciplined execution, prudent capital allocation and building long-term value for our shareholders.
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