Qualstar, a privately owned company headquartered in the US, founded in 1984, employs approximately 40 individuals. The company operates as a diversified electronics manufacturer, specializing in data storage and power supplies.
Qualstar Corporation received the Tape Storage Company of the Year award at the Storage Awards 2026 on June 22, 2026. This followed the company's report of its financial results for the first quarter ended March 31, 2026, on May 5, 2026. Qualstar reported a 14% decrease in revenues for the quarter, primarily driven by lower sales of power-supply products, which also contributed to a decline in gross margin to 26.0%. The company posted a net loss of $62,000 and an Adjusted EBITDA decline to $202,000. Qualstar concluded the quarter with $2.7 million in cash, cash equivalents, and marketable securities, carrying no debt. Management indicated a focus on driving storage-based revenues as part of its strategy for long-term growth.
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