Qualstar is Fumbling amid lower Results
Qualstar (QBAK), founded in 1984, is a diversified electronics manufacturer specializing in data storage and power supplies. Qualstar is a leading provider of high efficiency and high density power supplies marketed under the N2Power™ brand, and of data storage systems marketed under the Qualstar™ brand. Our N2Power power supply products provide compact and efficient power conversion for a wide variety of industries and applications including, but not limited to, telecom, networking, broadcast, industrial, lighting, gaming and test equipment.
Its Qualstar data storage products are used to provide highly scalable and reliable solutions to store and retrieve very large quantities of electronic data. Qualstar’s products are known throughout the world for high quality and Simply Reliable™ designs that provide years of trouble-free service.
Qualstar’s governing body has resolved to seek after divestures or potential acquisitions that are either synergistic to our business or speak to an appealing development industry. As the company work on this methodology, it mean to all the while work to expand item offerings and assess working costs for cost investment funds.
It is empowered by the continuous lessening in net misfortune, and stay certain about capacity to give back the Company to gainfulness once rebuilding endeavors are finished. For the second quarter the net misfortune was under $75,000, barring the $262,000 of nonrecurring costs. This is in accordance with desires, given the delicate business conditions that existed amid the period for both business sections.
The stock has experienced a total of 7 insider trades in the past three months. These trades include 7 sell activities and 0 buy trades. Furthermore, over the past 12 months, the stock was traded 8 times by insiders. In 8 of these trades, the insider was a seller while an employee of the company was the buyer in just 0 instances.