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Quantum Completes Restatement and Demonstrates Significant Traction on Business Transformation

Under Leadership of Reconstituted Board of Directors and Executive Management, Company Driving Financial Performance and Achieves Significantly Improved Results

Fiscal Q1 2020 Loss of $3.8 million and Adjusted Net Income of $4.4 Million

SAN JOSE, Calif., Aug. 6, 2019 /PRNewswire/ — Quantum Corporation (OTC: QMCO) today announced financial results for its first fiscal quarter ended June 30, 2019. In addition, the Company announced that it has completed the previously announced financial restatement process and provided results for each of the three fiscal years ended March 31, 2017, March 31, 2018 and March 31, 2019, which include the financial data and discussion for all interim…