Qumu Announces Third Quarter 2018 Results, Reports Positive Quarterly Net Income and Reiterates Annual Revenue Guidance

Conference Call Wednesday, October 31, 2018 at 10:00 a.m. ET

Minneapolis, October 30, 2018 – Qumu Corporation (NASDAQ: QUMU) today reported financial results for the third quarter ending September 30, 2018 and reiterated with confidence its 2018 full year revenue guidance. The Company reported net income of $2.4 million for the quarter, which included a $6.5 million gain on the previously announced sale of its investment in BriefCam, Ltd. and reflected improved operating efficiencies resulting from ongoing cost reduction initiatives. The Company also strengthened its balance sheet by paying down its long-term debt by 60%, or $6.0 million, while increasing its cash during the quarter by $3.3 million.

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Qumu Third Quarter 2018 Conference Call Scheduled for October 31, 2018

Minneapolis, MN – October 10, 2018 – 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, 2018, on Wednesday, October 31, 2018 at 10:00 a.m. Eastern Time. The earnings announcement will be issued after the market closes on October 30, 2018.

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Qumu Announces Second Quarter 2018 Results, Reports Strong License Revenue Growth

Conference Call Wednesday, August 1, 2018 at 10:00 a.m. ET

Minneapolis, July 31, 2018 – Qumu Corporation (NASDAQ: QUMU) today reported financial results for the second quarter ending June 30, 2018. The Company reported strong growth in both license revenue and sales pipeline, increasing gross margins, paydown of its long-term debt, and reiteration of its 2018 full year revenue guidance.

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Qumu Receives $9.7 Million in Cash from Sale of BriefCam Stock

Company will use funds to pay down 60% of current debt with no pre-payment penalty

Minneapolis, July 18, 2018 – Qumu (NASDAQ: QUMU), the leading provider of best-in-class video technology for the enterprise, received approximately $9,678,000 in cash on July 6th of 2018 from the sale of its stake in BriefCam Ltd., a provider of security and intelligence video review software recently acquired by Canon Inc. Today, Qumu announced it will use $6.5 million of the proceeds to pay down its current debt facility with ESW Capital, LLC (through its ESW Holdings, Inc. subsidiary), with no pre-payment penalty. The principal payment will reduce annualized interest expense by approximately $642,000 per year, excluding amortization of debt issuance costs.

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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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Qumu Announces Fourth Quarter and Year-End 2017 Results

Minneapolis, MN – March 6, 2018 – Qumu Corporation (NASDAQ: QUMU) today reported financial results for the fourth quarter and year ended December 31, 2017.

Fourth quarter revenue was $7.2 million, compared to $9.3 million in the fourth quarter 2016, and net loss was $(3.2) million, or $(0.35) per diluted share, compared to a net loss of $(267,000), or $(0.04) per diluted share, in the fourth quarter 2016. Fourth quarter adjusted EBITDA (a non-GAAP measure) was negative $(805,000), compared to positive adjusted EBITDA of $790,000 for the fourth quarter 2016.

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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