Quantum Investor Presentation — June 2024

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Jamie Lerner Chairman and CEO

Kenneth Gianella CFO

June 17, 2024Business Update Call| 2 QMCO Earnings Presentation –FQ4'24

© 2024 Quantum CorporationSafe Harbor Statement and Use of Non -GAAP Financial Information

Safe Harbor Statement. Our presentation today contains forward -looking statements about the Company’s plans, strategies, goals, target, and

prospects including the company’s cost reduction initiative and expected benefits of such initiative, capital structure and g o-to-market

strategies. We will also describe the Company’s future operating results and financial position. These forward -looking statemen ts are based on

information available to the Company as of the date of this presentation and are based on management’s current views and assu mptions. These

forward -looking statements involve a number of known and unknown risks that could cause actual results to differ materially from those

anticipated. Such risks include changes in market demand and the competition we face; market acceptance of new products; the risk that the

Company’s cost reduction initiatives may not yield the anticipated benefits in the expected timeframe or at all, and risks as sociated with executing

Information concerning other risks that could cause results to differ materially from our expectations will be contained in the “Risk Factors” section

of the Company’s Annual Report filed on Form 10 -K for its fiscal year 2023. The Company undertakes no obligation to update forwa rd-looking

statements to reflect events or circumstances after the date they were made.

Use of Non -GAAP Financial Information. In this presentation the Company will be discussing non -GAAP measures, adjusted EBITDA, which is

calculated from results based on GAAP. These non -GAAP financial measures are provided to enhance your overall understanding of t he Company’s

current financial performance and prospects for the future and are not comprehensive of the Company’s financial results. Such me asures should

not be viewed as a substitute for the Company’s financial statements prepared in accordance with GAAP. You can find a reconci liation of these

metrics to the reported GAAP results in the reconciliation tables provided in the appendices to this presentation. A reconcilia tion of non -GAAP

measures to corresponding GAAP metrics on a forward -looking basis is not available due to high variability and low visibility wi th respect to the

charges which are excluded from these non -GAAP calculations.

Trademarks. This presentation contains trademarks, service marks, trade names, and copyrights of other companies, which are the property of their respective owners.| 3 QMCO Earnings Presentation –FQ4'24