Qumu Announces Preliminary Second Quarter 2020 Revenue

Strong Demand Drives Company to Raise Expected 2020 Revenue to $29 million

Conference Call Scheduled for July 28, 2020

Minneapolis, MN – July 29, 2020 – Qumu Corporation (Nasdaq: QUMU), the leading provider of best-in-class video technology for the enterprise, announced preliminary revenue results for its second quarter ended June 30, 2020.
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Synacor and Qumu Announce Mutual Termination of Merger Agreement

BUFFALO, NY, and Minneapolis, MN, JUNE 29, 2020 – Synacor, Inc. (Nasdaq: SYNC), a leading provider of cloud-based Collaboration and Identity Management software and services serving global enterprises, video, internet and communications providers, and governments, and Qumu Corporation (Nasdaq: QUMU) a leading provider of tools to create, manage, secure, distribute and measure the success of live and on-demand video for the enterprise, today announced that the companies have mutually agreed to terminate their proposed all-stock merger agreement, previously announced on February 11, 2020.
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Qumu Announces First Quarter 2020 Results

Company reports solid first quarter results, provides update on business and market for enterprise video amid COVID-19 pandemic

Conference Call Today, May 5, 2020 at 4:30 p.m. ET

Minneapolis, MN – May 5, 2020 – Qumu Corporation (Nasdaq: QUMU) today reported financial results for the first quarter ended March 31, 2020, reflecting revenue of $6.2 million, net loss of $(2.7) million, and adjusted EBITDA loss, a non-GAAP measure, of $(1.2) million. The Company ended the first quarter 2020 with cash of $8.4 million.

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Qumu Sets First Quarter 2020 Conference Call for Tuesday, May 5, 2020 at 4:30 p.m. ET

Minneapolis, MN – April 21, 2020 – Qumu Corporation (Nasdaq: QUMU) today announced that it will hold its conference call and webcast on Tuesday, May 5, 2020 at 4:30 p.m. Eastern Time to discuss its financial results for the first quarter ended March 31, 2020. Financial results for the first quarter 2020 will be issued in a press release prior to the call.
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Qumu Announces Fourth Quarter and Year-End 2019 Results

Full year results reflect improved revenue, gross margin, adjusted EBITDA and cash position over 2018, as well as no debt, in advance of Synacor merger

Conference Call Today, March 4, 2020 at 4:30 p.m. ET

Minneapolis, MN – March 4, 2020 – Qumu Corporation (NASDAQ: QUMU) today reported financial results for the fourth quarter and year ended December 31, 2019. The Company reported fourth quarter 2019 revenue of $6.2 million, net loss of $(1.7) million, and adjusted EBITDA loss, a non-GAAP measure, of $(1.2) million. The Company reported full year 2019 revenue of $25.4 million, net loss of $(6.4) million, and adjusted EBITDA loss, a non-GAAP measure, of $(2.9) million. The Company ended the fourth quarter 2019 with cash of $10.6 million.

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Synacor and Qumu Agree to Merger, Creating Global Leader in SaaS-Based Collaboration Software

All-Stock Transaction to Enhance Financial Scale; Estimated $70 Million of Software Revenue with $50 Million Recurring

Provides Strategic Opportunities to Accelerate Revenue Growth, Increase Operating Efficiencies and Open New Sales Channels

BUFFALO, NY, and Minneapolis, MN, February 11, 2020 – Synacor, Inc. (Nasdaq: SYNC), a cloud-based software and services company serving global video, internet and communications providers, device manufacturers, governments and enterprises, and Qumu Corporation (Nasdaq: QUMU) a leading provider of tools to create, manage, secure, distribute and measure the success of live and on-demand video for the enterprise, today announced plans to combine in an all-stock transaction.
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Qumu Announces Preliminary Full Year 2019 Financial Results

2019 Conference Call Scheduled for March 4, 2020

Minneapolis, MN – February 11, 2020 – Qumu Corporation (NASDAQ: QUMU), the leading provider of best-in-class video technology for the enterprise, announced preliminary financial results for its full year ended December 31, 2019. The preliminary financial results for 2019 are subject to the Company’s management and its independent auditors’ customary audit procedures.
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Qumu Closes Public Offering of Common Stock Repays Term Debt in Full

Minneapolis, MN – November 13, 2019 – Qumu Corporation (NASDAQ: QUMU), the leading provider of best-in-class video technology for the enterprise, announced that on November 12, 2019 it closed on its previously announced underwritten public offering of 3,652,000 shares of its common stock. Craig-Hallum Capital Group acted as the sole managing underwriter for the offering. The net proceeds to Qumu from the offering were approximately $8.2 million, after deducting underwriting discounts and commissions and other estimated offering expenses payable by the company.
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Qumu Announces Pricing of Public Offering of Common Stock

Minneapolis, MN – November 7, 2019 – Qumu Corporation (NASDAQ: QUMU) a leading provider of best-in-class video technology for the enterprise, announced today the pricing of its previously announced underwritten registered public offering of 3,175,652 shares of its common stock at a price to the public of $2.50 per share, for gross proceeds of approximately $7.9 million. In addition, Qumu granted the underwriter a 30-day option to purchase up to 476,348 additional shares of common stock to cover over-allotments, if any. The offering is expected to close on or about November 12, 2019, subject to the satisfaction of customary closing conditions.

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Qumu Announces Proposed Public Offering of Common Stock

Minneapolis, MN – November 6, 2019 – Qumu Corporation (NASDAQ: QUMU) a leading provider of best-in-class video technology for the enterprise, announced today that it intends to offer and sell shares of its common stock in an underwritten registered public offering. In addition, Qumu intends to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares of its common stock sold in the offering to cover over-allotments, if any. All shares of common stock to be sold in the proposed offering will be sold by Qumu. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

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