Data Storage Corporation (Nasdaq: DTST) announced its financial results for the first quarter ending March 31, 2025. The company reported a revenue of $8.1 million, representing a 14% year-over-year growth in its Cloud Infrastructure and Disaster Recovery services. However, total revenue experienced a modest decline due to reduced equipment sales, aligning with the company's strategic focus on building a stable, high-margin, recurring revenue client base. The gross profit for the quarter was $2.86 million, maintaining consistent margin levels. The adjusted EBITDA reached $497,000, reflecting the company's operational discipline. Data Storage Corporation reported holding $11.1 million in cash and marketable securities, with no long-term debt on its balance sheet. In terms of business updates, the company highlighted its strategic progress in international expansion through a partnership with Pulsant, which is expected to accelerate CloudFirst Technologies' growth as a scalable, recurring revenue engine. CEO Chuck Piluso stated that the company remains focused on growing its high-margin, recurring cloud revenue base and expanding its global partner ecosystem to deliver modernization, compliance, and resilience for clients.
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