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 updated its prior announcement on April 27, 2026, concerning the Financial Industry Regulatory Authority's (FINRA) review and clearance of the company’s 3-for-1 forward stock split. This development follows reports on April 4, 2026, detailing a sharp revenue decline in Qualstar's latest quarterly results, primarily due to a significant downturn in its power supply solutions business, despite gains in the data storage division. On March 31, 2026, Qualstar reported fourth quarter GAAP EPS of -$0.39 and revenue of $1.49 million, marking a 26.6% year-over-year decrease. Previously, on March 30, 2026, the company released financial results for the quarter ended December 31, 2025. Qualstar stated that it achieved net income for the year despite a nearly $1.9 million decline in its Power Supply business and an overall slower fourth quarter, driven by growth in its Data Storage business and non-operating income. The Data Storage business posted 9% year-over-year revenue growth and recently launched the Q1000+ Powered by Orion, an enterprise tape library storage solution.
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