FALC on NASDAQ

FalconStor Software

Logo: FalconStor logo, Public domain, via Wikimedia Commons5

American data management software company

FalconStor Software, Inc. is a data management software company based in Austin, Texas.3 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 20, 2026.

Overview

2000Founded1

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  • TickerFALC on NASDAQ1
  • Industrysoftware industry1
  • HeadquartersMelville1
  • Websitewww.falconstor.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address125 Baylis Road, Melville, Ny 117476
  • Filer categoryNon-accelerated filer, Smaller reporting company6
  • LEI549300XZG85XLRMBBS824
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O THE PRENTICE-HALL CORPORATION SYSTEM, INC., 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 23952474

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FalconStor Software, Inc. is a data management software company based in Austin, Texas.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

84.4%Gross margin8
-12.5%Operating margin8
-17.9%Net margin8
-27.9%Revenue growth, 20228
-$1.2MFree cash flow8

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue16¢$1.6M
  • Research and development25¢$2.6M
  • Other costs57¢$5.7M
  • Income tax2¢$210.5K

Out of $10.1M in revenue.8 The company lost money this year.

Financial statements

Revenue9101112138$10.1M in 2022−67% since 2016
0$10.0M$20.0M$30.0M$40.0M2016: $30.3M$30.3M20162017: $25.2M$25.2M2017−17%2018: $17.8M$17.8M2018−29%2019: $16.5M$16.5M2019−7%2020: $14.8M$14.8M2020−11%2021: $13.9M$13.9M2021−6%2022: $10.1M$10.1M2022−28%
Gross profit9101112138$8.5M in 2022−61% since 2016
0$10.0M$20.0M$30.0M2016: $22.0M$22.0M20162017: $19.6M$19.6M2017−11%2018: $14.9M$14.9M2018−24%2019: $13.6M$13.6M2019−8%2020: $12.9M$12.9M2020−5%2021: $12.0M$12.0M2021−7%2022: $8.5M$8.5M2022−29%
Operating income9101112138-$1.3M in 2022−88% since 2016
-$15.0M-$10.0M-$5.0M0$5.0M2016: -$10.3M-$10.3M20162017: $1.0M$1.0M20172018: -$47.4K-$47.4K20182019: -$655.0K-$655.0K2019+1282%2020: $1.8M$1.8M20202021: $388.3K$388.3K2021−79%2022: -$1.3M-$1.3M2022
Net income9101112138-$1.8M in 2022−84% since 2016
-$15.0M-$10.0M-$5.0M0$5.0M2016: -$11.0M-$11.0M20162017: $1.1M$1.1M20172018: -$906.7K-$906.7K20182019: -$1.8M-$1.8M2019+93%2020: $1.1M$1.1M20202021: -$42.3K-$42.3K20212022: -$1.8M-$1.8M2022+4158%
Fiscal year2016201720182019202020212022
Revenue$30.3M9$25.2M10$17.8M11$16.5M12$14.8M13$13.9M8$10.1M8
Cost of revenue$8.3M9$5.5M10$3.0M10$2.9M12$1.8M13$2.0M8$1.6M8
Gross profit$22.0M9$19.6M10$14.9M11$13.6M12$12.9M13$12.0M8$8.5M8
Research and development$11.7M9$6.5M10$3.9M11$3.2M12$2.5M13$2.8M8$2.6M8
Operating expenses$11.6M8$9.7M8
Operating income-$10.3M9$1.0M10-$47.4K11-$655.0K12$1.8M13$388.3K8-$1.3M8
Income before tax$484.5K8-$1.6M8
Income tax$587.2K9$7.6K10$233.3K11$492.3K12-$14.3K13$526.8K8$210.5K8
Net income-$11.0M9$1.1M10-$906.7K11-$1.8M12$1.1M13-$42.3K8-$1.8M8
Earnings per share-$0.309$0.0010-$4.7911-$0.5612-$0.0913-$0.238-$0.478
Earnings per share (diluted)-$0.309$0.0010-$4.7911-$0.5612-$0.0913-$0.238-$0.478
Shares (weighted, basic)6.5M shares87.1M shares8
Shares (weighted, diluted)6.5M shares87.1M shares8

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Corporate structure

FalconStor Software sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of FalconStor Software

  • BARD ASSOCIATES INC Filed SCHEDULE 13G/A on FalconStor Software, latest Feb 13, 2026 (4 filings since Feb 14, 2022)
  • Nantahala Capital Management, LLC Filed SC 13G/A on FalconStor Software, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • FalconStor Software Austin, Texas, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What FalconStor Software reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Furniture and fixtures$013 Dec 31, 2021$604.3K13 Dec 31, 2020−100.0%
Computer equipment and software$15.5M8 Dec 31, 2022$15.5M8 Dec 31, 2021−0.2%
Leasehold improvements$013 Dec 31, 2021$1.7M13 Dec 31, 2020−100.0%
Property and equipment, before depreciation$15.5M13 Dec 31, 2021$18.8M13 Dec 31, 2020−17.3%
Accumulated depreciation$15.4M8 Dec 31, 2022$15.4M8 Dec 31, 2021+0.2%
Property and equipment, net$86.3K8 Dec 31, 2022$153.9K8 Dec 31, 2021−44.0%
Operating-lease assets (leased space)$34.4K8 Dec 31, 2022$112.4K8 Dec 31, 2021−69.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$2.0M8 Dec 31, 2022$3.2M8 Dec 31, 2021−36.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$4.2M8 Dec 31, 2022$4.2M8 Dec 31, 20210%
Intangible assets, net (excluding goodwill)$20.1K8 Dec 31, 2022$51.4K8 Dec 31, 2021−60.9%
Finite-lived intangibles, gross$4.0M8 Dec 31, 2022$4.0M8 Dec 31, 2021+0.1%
Accumulated amortization$4.0M8 Dec 31, 2022$4.0M8 Dec 31, 2021+0.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$08 Dec 31, 2022$7.7K8 Dec 31, 2021−100.0%

The story

FalconStor was co-founded in 2000 in New York by Computer Associates veterans ReiJane Huai and Wayne Lam. In 2007 the company started a joint-venture with the Chinese Academy of Sciences for the Blue Whale file system.

The joint venture was named Tianjin Zhongke Blue Whale Information Technologies Company, located in Tianjin, China. FalconStor was listed at #5 in the Forbes 2008 list of 25 fastest growing technology companies. In August 2009, FalconStor, in a joint-venture with Nexsan to create the co-branded DeDupe SG. In 2011 CRN added FalconStor to their List of 25 “Need to Know: Storage Vendors”.

Founder ReiJane Huai resigned in September 2010 over "certain improper payments" and committed suicide September 26, 2011 aged 52. He had been due in a U.S. district court the day with the intention of pleading guilty.

In 2012, the company agreed to pay $5.8 US million as part as a federal investigation settlement, after it has admitted that its employees gave more than $300,000 in bribes to executives at JPMorgan Chase with restricted stock shares and golf memberships in exchange for contracts. The company was further charged with falsifying its corporate books and records associated with the bribery.

On September 25, 2017, FalconStor was delisted from Nasdaq Capital Market. The company's stock is traded on OTC Markets Group’s OTCQB Venture Market.

In June 2020, FalconStor partners with Hitachi Content Platform (HCP) to provide end-to-end data management and backup solutions.

From Wikipedia’s article on FalconStor Software, shared under CC BY-SA 4.0.7

Leadership

Who has led FalconStor Software, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Reijane Huai2006–2009
  2. James P. McNiel2010–2011
  3. Gary Quinn2013–2017
  4. Todd Oseth2017
  5. Robert Todd Brooks2017–2023

President

  1. James P. McNiel2010–2011
  2. Gary Quinn2013–2017
  3. Todd Oseth2017

Chief financial officer

  1. Bryan John Henderson Urquhart2011
  2. Louis J. Petrucelly2012–2016
  3. Daniel Murale2016–2017
  4. Patrick McClain2017
  5. Brad Wolfe2019–2020
  6. Vincent Sita2022

Chief operating officer

  1. Gary Quinn2013
20052010201520202025
Board members and other officers (17)

Products and brands

In 2019, FalconStor launched its Data Mastery software platform (a rebrand of its FreeStor product).

In May 2020, FalconStor Software announced a new tool named StorSafe, an enterprise-class permanent data storage container that combines with existing recovery applications and archive processes.

From Wikipedia’s article on FalconStor Software, shared under CC BY-SA 4.0.7

Former names

  • NETWORK PERIPHERALS INCDec 9, 1994 to Aug 21, 20016

Timeline

  1. Jul 5, 20238-K Shareholder vote46
  2. Jun 28, 20238-K Other events47
  3. May 10, 20238-K Results of operations48
  4. Mar 15, 20238-K Results of operations49
  5. Nov 9, 20228-K Results of operations50
  6. Aug 3, 20228-K Results of operations51
  7. Jun 28, 20228-K Shareholder vote52
  8. May 11, 20228-K Results of operations53
  9. Mar 9, 20228-K Results of operations54
  10. Feb 17, 20228-K Executive or director change55
  11. Nov 10, 20218-K Results of operations56
  12. Nov 10, 20218-K Regulation FD disclosure57
  13. Sep 11, 2017New chief executive Robert Todd Brooks becomes CEO19
  14. Jul 12, 2017New chief executive Todd Oseth becomes CEO18
  15. Aug 7, 2013New chief executive Gary Quinn becomes CEO20
  16. Oct 8, 2010New chief executive James P. McNiel becomes CEO21
  17. Mar 27, 2006New chief executive Reijane Huai becomes CEO22
  18. 2000Founded Founded1

Calendar

When it reported results

  1. May 10, 2023Reported quarterly or annual results48
  2. Mar 15, 2023Reported quarterly or annual results49
  3. Nov 9, 2022Reported quarterly or annual results50
  4. Aug 3, 2022Reported quarterly or annual results51
  5. May 11, 2022Reported quarterly or annual results53
  6. Mar 9, 2022Reported quarterly or annual results54
  7. Nov 10, 2021Reported quarterly or annual results56

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

39 filings to the SEC since October 2021: 4 annual reports, 5 quarterly reports, 12 major events, 8 insider forms, 6 large holders, 4 other. The latest 20:

  1. Feb 13, 2026SCHEDULE 13G/A EDGAR
  2. Jan 4, 2024SC 13G/A FALC 13G/A EDGAR
  3. Jul 12, 202315-12G EDGAR
  4. Jul 12, 2023S-8 POS EDGAR
  5. Jul 5, 20238-K EDGAR
  6. Jun 28, 20238-K EDGAR
  7. May 31, 2023DEF 14A EDGAR
  8. May 10, 202310-Q EDGAR
  9. May 10, 20238-K EDGAR
  10. May 1, 202310-K/A EDGAR
  11. Mar 23, 202310-K EDGAR
  12. Mar 22, 20234 EDGAR
  13. Mar 15, 20238-K EDGAR
  14. Feb 14, 2023SC 13G/A EDGAR
  15. Feb 6, 2023SC 13G/A FALC 13G/A EDGAR
  16. Nov 14, 20224 OWNERSHIP DOCUMENT EDGAR
  17. Nov 9, 202210-Q EDGAR
  18. Nov 9, 20228-K EDGAR
  19. Aug 8, 20224 OWNERSHIP DOCUMENT EDGAR
  20. Aug 3, 202210-Q EDGAR

The 39 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

5 open-market trades by officers, directors and large owners since October 2021: 5 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 20, 2023Brooks Robert ToddChief Executive OfficerBuy1,200$1.78$2.1KForm 4
Nov 10, 2022Brooks Robert ToddChief Executive OfficerBuy2,000$1.75$3.5KForm 4
Aug 4, 2022Brooks Robert ToddChief Executive OfficerBuy5,000$1.02$5.1KForm 4
May 17, 2022Brooks Robert ToddChief Executive OfficerBuy3,500$1.31$4.6KForm 4
Nov 16, 2021Brooks Robert ToddChief Executive OfficerBuy350$2.92$1.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How FalconStor Software is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFALCONSTOR SOFTWARE INC2
  • CIK0000922521
  • Employer ID (EIN)77-02161352
  • Filer statusNon-accelerated filer<br>smaller reporting company2
  • Incorporated inDelaware2
  • Fiscal year endsDecember 312
  • Industry code (SIC)7372 Services-Prepackaged Software2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business address125 Baylis Road, Melville, NY 117472
  • Phone631 777 51882
  • Shares outstanding7,122,199 as of Apr 30, 202316
  • Public float$3.7M as of Jun 30, 202260
  • On EDGAR sinceDec 9, 19942
  • Filings789 in all: 4 (255), 8-K (171), 10-Q (82), SC 13D/A (29), 10-K (27), SC 13G/A (26), 3 (25), DEF 14A (23)2
    All 39 form types

    CORRESP (22), UPLOAD (16), 10-K/A (12), S-8 (12), SC 13G (12), SC 13D (9), 424B3 (8), 5 (6), PRE 14A (6), 4/A (5), EFFECT (5), DEFA14A (4), NT 10-Q (4), S-1/A (4), S-3 (4), 3/A (3), S-4/A (3), 424B4 (2), S-1 (2), 15-12G (1), 25-NSE (1), 424B1 (1), 424B5 (1), 8-K/A (1), POS AM (1), PRER14A (1), S-3/A (1), S-4 (1), S-4MEF (1), S-8 POS (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Mar 23, 2023
    Quarterly report (10-Q) May 10, 2023
    Proxy statement (DEF 14A) May 31, 2023
    Latest 8-K (8-K) Jul 5, 2023

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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