Data Storage (DTST) Proxy Filing summary

Executive summary

• Revenue for Q2 2025 reached $5.1 million, a 4.8% increase year-over-year, driven by growth in subscription-based cloud and Nexxis services.

• Gross profit for the quarter was $2.5 million, maintaining consistent margin levels.

• Cash and marketable securities totaled $11.1 million at quarter-end, with no long-term debt.

• Net loss attributable to common stockholders was $733,049 for Q2 2025, compared to a net loss of $244,240 in Q2 2024.

• The company is considering a full corporate rebranding to align with its evolving technology-driven strategy.

Voting matters and shareholder proposals

• Shareholders will vote on the proposed $40 million sale of CloudFirst Technologies Corporation at the annual meeting scheduled for September 10, 2025.

• If approved, a tender offer will be made to repurchase up to 85% of outstanding common stock using 85% of available cash, including sale proceeds.

Board of directors and corporate governance

• The Board of Directors has authorized the tender offer contingent on shareholder approval and consummation of the CloudFirst sale.