Trade Data Storage Corporation - DTST CFD

About Data Storage Corp

Data Storage Corporation (DSC) provides disaster recovery as a service (DRaaS), infrastructure as a service (IaaS), cyber security as a service (CSaaS) and data analytics as a service. The Company provide subscription-based agreements for disaster recovery as a service solutions, infrastructure as a service products, telecommunications solutions, on site computing power and software solutions. It is also focused on sale of equipment and software for cybersecurity, data storage, IBM power systems equipment and managed service solutions. Its solutions and services include disaster recovery, data backup and data vaulting, server services, data mirroring services, cybersecurity solutions and voice & data solutions. It also offers cybersecurity solutions for remote tele-computing with ezSecurity. The Company provide solutions and services to a range of industries, such as healthcare, banking and finance, distribution services, manufacturing, construction, education, and government.

Financial summary

BRIEF: For the nine months ended 30 September 2021, Data Storage Corp revenues increased 46% to $10M. Net income applicable to common stockholders increased from $97K to $213K. Revenues reflect International segment increase of 1% to $97K. Net income benefited from Interest expense - Balancing value decrease of 80% to $8K (expense). Basic Earnings per Share excluding Extraordinary Items increased from $0.03 to $0.04.

Equity composition

Common Stock $.001 Par, 04/11, 250M. auth., 20,735,588 issd., Pref. stock $.001 Par, 100M. auth., 1,401,786 issd. Insiders own 60.80%. 01/09, Name changedfrom EuroTrend Inc. 01/09, 1-for-7 reverse stock split.