Investor relations

Video is today’s document. Qumu Corporation (NASDAQ: QUMU) provides the tools businesses need to create, manage, secure, deliver and measure the success of their videos

Investor news

Qumu Second Quarter 2018 Conference Call Scheduled for August 1, 2018

Minneapolis, MN – July 11, 2018 – 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, 2018, on Wednesday, August 1, 2018 at 10:00 a.m. Eastern Time. The earnings announcement will be issued after the market closes on July 31, 2018.

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Qumu Receives $1 Million in Qumu Cloud License Fees from iStudy Co. Ltd.

Enterprise learning management systems leader extends agreement to sell Qumu Cloud services in Asia-Pac market

Minneapolis, 9 May, 2018 – Qumu, the leading provider of best-in-class video technology for the enterprise, announced that iStudy Co. Ltd., Qumu’s sales partner in Japan, has agreed to pay Qumu $1 million in non-refundable Qumu Cloud license fees, with $500,000 due on May 30, 2018 and $500,000 due on September 1, 2018. The agreement further expands the strategic relationship between the companies, guarantees iStudy the services necessary to support its rapidly growing base of Qumu Cloud customers, and injects cash into Qumu’s operations.

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Qumu Announces First Quarter 2018 Results – Reiterating Annual Guidance

Minneapolis, MN – May 1, 2018 – Qumu Corporation (NASDAQ: QUMU) today reported financial results for the first quarter ended March 31, 2018.

First quarter revenue was $4.8 million, compared to $6.7 million in the first quarter 2017, and net loss was $(4.5) million, or $(0.48) per diluted share, compared to a net loss of $(3.6) million, or $(0.39) per diluted share, in the first quarter 2017. First quarter adjusted EBITDA (a non-GAAP measure) was negative $(2.9) million, compared to $(1.9) million for the first quarter 2017. The first quarter year over year revenue comparison was negatively impacted by approximately $184,000 due to the adoption of the new revenue recognition standard (ASC Topic 606) as well as the loss of a large customer, representing revenue of approximately $800,000 in the current quarter, which was previously announced as lost in Q4 2017. In January, the Company replaced its existing debt with a $10.0 million credit agreement to strengthen its balance sheet, provide additional cash for operations and provide increased financial and operating flexibility through a covenant package more suitable to its business.

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Please contact us to get in touch with us about anything to do with investing with Qumu.

+1 612 638-9100

+1 800-468-9716

Jeff VanRhee, Analyst
Craig-Hallum Capital Group, LLC
22 South Ninth Street, Suite 350
Minneapolis, MN 55402
United States

Mark Argento
Lake Street Capital
225 South Sixth Street, Suite 2050
Minneapolis, MN 55402
United States

Glenn Mattson
Ladenburg Thalmann & Co. Inc.
570 Lexington Avenue, 11th Floor
New York, New York 10022
United States

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