Data Storage Q1 sales rise on Nexxis growth

Data Storage

15/05/2026 13:50

Overview

US data infrastructure firm's Q1 sales rose yr/yr

Q1 net loss per share attributable to common stockholders at -$0.20

Company launched Sovereign AI Solutions subsidiary focused on AI continuity for regulated sectors

Outlook

Company expects to advance development of Sovereign AI Solutions subsidiary throughout 2026

Company continues to evaluate strategic partnerships, investments, and acquisitions to strengthen long-term positioning

Result Drivers

NEXXIS SALES GROWTH - Sales from Nexxis rose 10.9% yr/yr, with gross profit up 32.1%, driven by demand for connectivity solutions and increased spending from existing customers

AI INFRASTRUCTURE INITIATIVE - Co launched Sovereign AI Solutions focused on developing AI continuity infrastructure for regulated industries

FINANCIAL POSITION - Co highlighted strong financial position with no long-term debt and substantial working capital

Company press release: ID:nGNX7XC7Wh

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Loss per share attributable to common stockholders – diluted
-$0.20


Analyst Coverage

The one available analyst rating on the shares is "hold"

Wall Street's median 12-month price target for Data Storage Corp is $9.00, about 106.4% above its May 14 closing price of $4.36

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)