Neutral
GlobeNewsWire
22 days ago
Data Storage Corporation Reports Fiscal Year 2025 Results; Completes $40 Million CloudFirst Divestiture, Returns $29.3 Million to Shareholders Via Tender Offer, and Reports Record Net Income of $19.2 Million
Company enters 2026 debt-free with over $10 million in capital, Nexxis operations growing 13.4% with 44.4% gross margins, and a goal of pursuing opportunities in high-growth technology sectors Conference Call to be Held Today at 11:00 am ET NEW YORK, April 14, 2026 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DTST” and the “Company”), today announced financial results for the fiscal year ended December 31, 2025, and provided a business update. Business Highlights: Completed $40 million CloudFirst divestiture, generating approximately $31.6 million in net proceeds and a $20.1 million net gain on discontinued operations Returned $29.3 million to shareholders through a tender offer at $5.20 per share, reducing shares outstanding by approximately 72% of the total shares outstanding as of December 8, 2025 Delivered record net income of $19.2 million, primarily attributable to the CloudFirst sale Strengthened capital structure, exiting 2025 debt-free with over $10 million in cash and significant financial flexibility Positioned for M&A, JV, and organic driven growth with a goal of pursuing accretive opportunities DTST has emerged as a streamlined, Nasdaq-listed platform with capital, operational discipline, and strategic flexibility to pursue value-accretive acquisitions.