Qumu Posts Positive Quarter for New Customer Wins

Enterprise video leader lands 12 new customers, grows footprint in video content management and delivery space

Minneapolis, November 9th, 2017 - Qumu (NASDAQ: QUMU), a leading provider of enterprise video solutions, has announced the closing of twelve (12) new enterprise video clients in the third quarter of 2017. These wins mark one of the company’s most positive sales quarters in nearly two years, and represent both emerging and Global 2000 companies located in the United States, Asia-Pacific and EMEA.

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 Honored Among Top 20 Collaboration Technology Solution Providers of 2017

Enterprise video leader joins Cisco, Polycom and Slack as market innovators in collaboration technology space

Minneapolis, October 4th, 2017 - Qumu (NASDAQ: QUMU), a leading provider of enterprise video solutions, has been named one of the 20 Most Promising Collaboration Technology Solution Providers of 2017 by CIOReview magazine. This annual ranking places Qumu alongside other collaboration power houses like Cisco, Polycom and Slack. CIOReview Magazine has recognized Qumu as an innovator, in part, for its enterprise video platform’s ability to “streamline video creation, management, and delivery across enterprise collaboration and social business tools” for Global 2000 firms.

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 Named Among 10 Fastest-Growing Unified Communication Solution Providers of 2017

Enterprise video leader identified as front runner in UC market due to new Qx platform architecture, rapid customer expansion

Minneapolis, August 8th, 2017 - Qumu (NASDAQ: QUMU), a leading provider of enterprise video solutions, has been named one of the 10 Fastest Growing Unified Communication Solution Providers of 2017 by Insights Success magazine. The award and corresponding feature story center around the company’s extensive Global 2000 customer list, and Qumu’s recent announcement of a service-based extensible architecture.

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

Qumu Second Quarter 2017 Conference Call Scheduled for August 2, 2017

Minneapolis, MN – July 11, 2017 – Qumu Corporation (NASDAQ: QUMU) today announced that it will hold its conference call and webcast to review financial results for the second quarter ended June 30, 2017, on Wednesday, August 2, 2017 at 10:00 a.m. Eastern Time. The earnings announcement will be issued after the market closes on August 1, 2017.

Read more