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Qualstar Corporation Reports Second Quarter 2024 Results

Achieved Positive Adjusted EBITDA for the Quarter IRVINE, Calif., Aug. 13, 2024 /PRNewswire/ -- Qualstar Corporation (OTC Markets: QBAK), a leading manufacturer of data storage solutions and high-efficiency power supplies, today announced its financial results for the three- and six-month periods ended June 30, 2024.   Consolidated Financial Highlights (Unaudited) (Amounts in thousands except per share data and percentages) Three Months Ended June 30, Six Months Ended June 30, Consolidated Financial Results 2024 2023 $ ∆ % ∆ 2024 2023 $ ∆ % ∆ Revenues $ 2,366 $ 1,878 $ 488 26.0 % $ 4,653 $ 4,070 $ 583 14.3 % Gross profit $ 523 $ 432 $ 91 21.1 % $ 1,223 $ 1,086 $ 137 12.6 % Gross margin 22.1 % 23.0 % 26.3 % 26.7 %