Data Storage Corp

Data Storage Corporation announced the appointment of Jerome Naidoo as a Strategic Advisor. In this role, Mr. Naidoo will guide the company on artificial intelligence strategy, product architecture, and intellectual property development, specifically supporting its Sovereign AI Solutions (SaiS) initiative and AI Continuity Control Plane for regulated industries. With over 30 years of experience in software engineering, cybersecurity, and AI, his appointment underscores the company's commitment to enhancing its technical leadership and innovation in AI-driven critical infrastructure.

Data Storage Corp has entered into an Equity Distribution Agreement with Maxim Group LLC, enabling the company to sell shares of its common stock through an "at the market" offering. Maxim Group LLC will act as the sales agent, earning a 2.5% commission on gross proceeds and receiving up to $25,000 for certain expenses. This agreement, which is similar to a previous one from July 2024, allows for the potential sale of up to $10,600,000 in common stock under a shelf registration statement.

Data Storage Corporation announced the expiration of all outstanding publicly traded warrants to purchase up to 1,464,610 shares of its common stock on May 18, 2026. As a result, the warrants have been delisted from Nasdaq, which the company states eliminates a potential source of future dilution and simplifies its capital structure. CEO Chuck Piluso highlighted that the company now has approximately 2.2 million shares outstanding and is better positioned to execute its strategy focused on AI continuity infrastructure for regulated industries.

Data Storage Corp completed a $29.5 million share repurchase tender offer in Q1 2026, significantly impacting its balance sheet. The company reported a net loss attributable to common stockholders of $(631,272) for the quarter, compared to a net income of $24,078 in the prior year. Sales from continuing operations increased by 10.8% to $346,707, but the loss from continuing operations widened to $(768,258). The company also recognized a $148,991 net gain from the sale of discontinued operations.

Data Storage Corporation provided a business update for Q1 2026, highlighting its strategic expansion into AI Continuity Infrastructure for regulated industries through its new subsidiary, Sovereign AI Solutions (SaiS). The company also reported stable recurring operations from Nexxis Inc., with sales increasing 10.9% year-over-year and gross profit up 32.1% to a 53.7% margin. DTST reported a net loss of $(631,272) for the quarter and executed significant share repurchases, leading to a decrease in total assets.

Data Storage Corp provided a business update for Q1 2026, highlighting its strategic expansion into AI continuity infrastructure for regulated industries with the launch of Sovereign AI Solutions (SaiS), a wholly owned subsidiary. The company's Nexxis operations showed stable recurring revenue, with sales increasing 10.9% year-over-year to $346,707 and gross profit rising 32.1% to $186,019. Despite these operational gains, the company reported a net loss attributable to common stockholders of $(631,272) for the quarter. Data Storage Corp also completed a $29.5 million share repurchase via a Tender Offer and emphasized its strong financial position with no long-term debt.

Data Storage Corp (DTST) announced the formation of Sovereign AI Solutions (SaiS), a new wholly-owned subsidiary. SaiS will develop an AI Continuity Control Plane for regulated industries such as healthcare, financial services, and insurance, focusing on recovery, validation, and compliance for sovereign AI and AI Factory environments. This strategic pivot follows the $40 million sale of its cloud solutions business and a $29.3 million share repurchase, leaving DTST debt-free with substantial working capital and approximately 2.17 million shares outstanding. The company aims to capitalize on a critical, high-margin market gap.

Data Storage Corporation announced it will host a business update conference call on May 15, 2026, at 11:00 a.m. Eastern Time. The call will cover the company's financial results for the first quarter ended March 31, 2026, along with corporate progress and other developments. Investors can access the call via telephone or webcast, with replays available through November 2026. The company also highlighted its strategic focus on building recurring revenue and future investments in areas like GPU Infrastructure and AI.

Data Storage Corporation (DTST) filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. The filing disclosed that the financial statements include corrections of previously issued errors, which are restatements requiring a recovery analysis of incentive-based compensation received by executive officers. The company also confirmed its status as a non-accelerated filer and a smaller reporting company.

Data Storage Corporation announced its fiscal year 2025 results. The company also reported the completion of its CloudFirst divestiture, valued at $40 million. Following the divestiture, Data Storage Corporation returned $29.3 million to its shareholders.