Qumu Announces Preliminary Fourth Quarter and Year End 2017 Results

Fourth Quarter and Year End 2017 Conference Call Scheduled for March 7, 2018

Minneapolis, February 09, 2018 - Qumu (NASDAQ: QUMU), today announced preliminary financial results for the fourth quarter and year ended December 31, 2017, which remain subject to customary annual audit procedures.Read more

Qumu Closes $10 Million Credit Agreement

Credit agreement replaces existing credit facility, defers covenant measurements for 12 months and provides additional cash for operations

Minneapolis, January 16, 2018 - Qumu (NASDAQ: QUMU), today announced that it closed a $10 million credit agreement with ESW Capital, LLC (through its ESW Holdings, Inc. subsidiary) on January 12, 2018. The new agreement replaces the Company's existing $8.0 million term loan credit agreement with Hale Capital Partners, LP, the outstanding balance of which was paid with proceeds from the new term loan.Read more

Qumu Elects Two Board Members

Harbert Nominated Kenan Lucas and Neil E. Cox Bring Experience and Expertise to Qumu Board

Minneapolis, December 19, 2017 - Qumu (NASDAQ: QUMU), a leading provider of enterprise video solutions, has announced that it has elected Kenan Lucas and Neil E. Cox to its board of directors, effective immediately. The election of Messrs. Lucas and Cox brings the total number of directors on the Qumu board to nine.Read more

Qumu Names David Ristow as Chief Financial Officer

Minneapolis, December 18, 2017 - Qumu (NASDAQ: QUMU), a leading provider of enterprise video solutions to the Global 2000, has named David Ristow as the Company’s Chief Financial Officer effective December 15, 2017. Ristow has been Qumu’s Interim Chief Financial Officer since November 7, 2017.Read more

Qumu Announces Compliance with Financial Covenants and Amendment to Credit Agreement

Minneapolis, November 6, 2017 - Qumu Corporation (NASDAQ: QUMU) today announced, after completing its full monthly compliance analysis following October 31, 2017, that the Company was in compliance with the cash and eligible accounts receivable covenant of its term loan credit agreement with HCP-FVD, LLC and Hale Capital Partners, LP. Accordingly, the Company was not in default of the credit agreement at October 31, 2017.  Qumu has maintained compliance with all financial covenants of the term loan credit agreement since it was signed in October 2016.Read more

Qumu Announces Third Quarter 2017 Results

Minneapolis, MN – October 31, 2017 – Qumu Corporation (NASDAQ: QUMU) today reported financial results for the third quarter 2017.

Third quarter revenue was $7.6 million, compared to $7.1 million in the third quarter 2016, and net loss was $(2.3) million, or a loss of $(0.25) per share, compared to $(2.5) million, or a loss of $(0.27) per share, in the third quarter 2016. Third quarter 2017 results included foreign currency losses of $(0.02) per share. Third quarter adjusted EBITDA (a non-GAAP measure) was a loss of $(0.9) million, compared to an adjusted EBITDA loss of $(1.4) million for the third quarter 2016.

Read more

Qumu Announces Departure of Chief Financial Officer

Minneapolis, October 24, 2017 - Qumu (NASDAQ: QUMU), a leader in enterprise video, announced that CFO Peter Goepfrich will be leaving the company to join a private equity portfolio company, effective November 6, 2017. The Company expects to identify a candidate to act as interim CFO in the short term. The Company will also engage a search firm to recruit a successor Chief Financial Officer.Read more

Qumu Third Quarter 2017 Conference Call Scheduled for November 1, 2017

Minneapolis, MN – October 10, 2017 – Qumu Corporation (NASDAQ: QUMU) today announced that it will hold its conference call and webcast to review financial results for the third quarter ended September 30, 2017, on Wednesday, November 1, 2017 at 10:00 a.m. Eastern Time. The earnings announcement will be issued after the market closes on October 31, 2017.

Read more

Qumu to Present at the 6th Annual Intellisight Investor Conference

Minneapolis, MN - August 16, 2017 – Qumu Corporation (NASDAQ: QUMU) today announced that it will participate in the 6th Annual Intellisight Investor Conference in Minneapolis. Vern Hanzlik, president and CEO, will present the Company’s business strategy and current corporate developments on Wednesday, August 23, 2017 at 1:55 p.m. CDT.

Read more

Qumu Announces Second Quarter 2017 Results

Minneapolis, MN – August 1, 2017 – Qumu Corporation (NASDAQ: QUMU) today reported financial results for the second quarter 2017.

Second quarter revenue was $6.7 million, compared to $6.5 million in the second quarter 2016, and net loss was $(2.6) million, or a loss of $(0.28) per share, compared to $(4.3) million, or a loss of $(0.46) per share, in the second quarter 2016. Second quarter adjusted EBITDA (a non-GAAP measure) was a loss of $(1.0) million, compared to an adjusted EBITDA loss of $(3.1) million for the second quarter 2016.

Read more