Qualstar Corporation Reports Preliminary Financial Results for the 2023 Fourth Quarter and Fiscal Year

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Net Income Increased By 247% Year Over Year

IRVINE, Calif., Feb. 14, 2024 /PRNewswire/ — Qualstar Corporation (OTC Markets: QBAK), a leading manufacturer of data storage solutions and high-efficiency power supplies, today announced certain preliminary unaudited financial results for the quarter and year ended December 31, 2023.

Consolidated Financial Highlights (Unaudited)

(Amounts in thousands except per share data and percentages)

Three Months Ended December 31,

Year Ended December 31,

Consolidated Financial Results

2023

2022

$ ∆

% ∆

2023

2022

$ ∆

% ∆

Revenues

$

3,404

$

2,826

$

578

20.5 %

$

10,616

$

9,845

$

771

7.8 %

Gross profit

Full story available on Benzinga.com


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