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FalconStor Software Announces First Quarter of 2025 Results
FalconStor Software Announces First Quarter of 2025 Results.
About this update from Falconstor Software, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n FalconStor Software Announces First Quarter of 2025 Results\r\n \r\n \r\n\r\n\r\nFalconStor Software Announces First Quarter of 2025 Results\r\n\r\n\r\n\r\n\r\n\r\n\r\nTotal Revenue, Net Income, and Hybrid Cloud ARR Run-Rate Growth\r\n\r\n \r\n \r\n8% increase in total revenue vs. Q1 2024\r\n\r\n \r\n65% increase in hybrid cloud ARR run-rate vs. Q1 2024\r\n\r\n \r\n3% net income\r\n\r\n \r\n AUSTIN, Texas--(BUSINESS WIRE)--\r\nFalconStor Software, Inc. (OTCMarkets.com: FALC), a trusted data protection leader modernizing data protection and intelligence for the hybrid cloud world, today announced financial results for its first quarter of 2025, which ended on March 31, 2025.\r\n\r\n \r\n“We’re pleased to report solid total revenue growth and strong hybrid cloud ARR expansion in Q1, reflecting our continued momentum in the IBM ecosystem,” said Todd Brooks, CEO of FalconStor Software. “Hybrid cloud ARR run-rate grew 65% year-over-year, fueled by increased sales in IBM Power Virtual Server expansion, Kyndryl/Skytap deployments, on-prem hybrid cloud implementations, and MSP adoption.\r\n\r\n \r\n“This quarter also marked the launch of FalconStor Thomas™, our IBM watsonx-based virtual data protection assistant, now in use by dozens of IBM partners in more than 20 countries. By enabling real-time collaboration with IBM partner sellers and technical architects — in their native languages — Thomas dramatically improves our ability to scale sales across the global IBM ecosystem.\r\n\r\n \r\n“With our expanding hybrid cloud footprint, focused innovation, and consistent profitability, we remain well-positioned to drive durable growth in 2025 and beyond.”\r\n\r\n \r\nFirst Quarter 2025 Financial Results\r\n\r\n \r\n \r\nHybrid Cloud ARR Run-Rate: 65% increase trailing twelve months\r\n\r\n \r\nEnding Cash: $3.3 million, compared to $2.9 million in the first quarter of fiscal year 2024\r\n\r\n \r\nTotal Revenue: $2.5 million, compared to $2.3 million in the first quarter of fiscal year 2024\r\n\r\n \r\nTotal Operating Expenses: $2.1 million, compared to $1.9 million in the first quarter of fiscal year 2024\r\n\r\n \r\nNon-GAAP EBITDA: $0.1 million, compared to $0.1 million in the first quarter of fiscal year 2024\r\n\r\n \r\nGAAP Net Income (Loss): $0.1 m...