Brief: Qualstar - Expected Cost Savings From Delisting Will Be About $300,000 Per Year
13/04/2020 14:18
April 13 (Reuters) - Qualstar Corp QBAK.O :
* QUALSTAR CORP - LETTER TO SHAREHOLDERS FROM CEO, STEVEN
BRONSON
* QUALSTAR CORP - DETERMINED THAT EXPECTED COST SAVINGS FROM
DELISTING WILL BE ABOUT $300,000 PER YEAR
* QUALSTAR CORP - COST SAVINGS WILL ALLOW US TO REALLOCATE
FUNDS
TO OTHER GROWTH INITIATIVES SUCH AS PRODUCT & SALES EXPANSION
* QUALSTAR CORP - FOR YEAR ENDED 2019, OUR DATA STORAGE
REVENUE
WAS $4.194 MILLION UP FROM $3.11 MILLION IN 2018, AN INCREASE OF
34%
* QUALSTAR - SECURED SUBSTANTIAL DEVELOPMENT PROJECT THAT
GENERATED ALMOST $5 MILLION IN REVENUES OVER TWO AND A HALF
YEARS THAT WE TERMINATED IN Q1 2020
Source text for Eikon: ID:nBw7jjC3za
Further company coverage: QBAK.O
((Briefs@thomsonreuters.com;))
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Brief: Qualstar - Expected Cost Savings From Delisting Will Be About $300,000 Per Year