Headquartered in Melville, New York, Data Storage Corporation (DTST) delivers comprehensive multi-cloud information technology services, primarily catering to clients within the United States. The company's offerings encompass a wide range of data protection and disaster recovery solutions, including high availability systems, data vaulting, Disaster Recovery as a Service (DRaaS), and Infrastructure as a Service (IaaS). They also provide message logic, standby server options, ongoing support and maintenance, and various internet connectivity solutions. Furthermore, Data Storage Corporation furnishes robust cybersecurity services. These feature managed endpoint security complete with active threat mitigation, in-depth system security assessments, risk analysis consulting, and applications for continuous security monitoring and auditing. In addition, they provide advanced voice and data communication solutions. This includes Voice over IP (VoIP) and data services, leveraging fiber optic, coaxial, and wireless networks, designed to ensure seamless connectivity for businesses regardless of their location. These solutions and services cater to a diverse array of business sectors, including healthcare, banking and finance, distribution, manufacturing, construction, education, and government.
Data Storage Corporation Provides Second Quarter 2026 Business Update
Data Storage Corporation reported Q2 revenue of $358,530, up 9.3% year-over-year, driven by its Nexxis subsidiary's recurring telecommunications revenue.
The company holds a strong capital position with approximately $9.3 million in cash and marketable securities and no long-term debt, earmarked to support a strategy of acquiring recurring revenue technology businesses.
Despite revenue growth, the company recorded a net loss of $1.23 million, or $(0.55) per share, as operating expenses of $1.45 million significantly outpaced gross profit.