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.
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.
Qumu Appoints Technology Veteran Edward Horowitz and Financial Executive Mary E. Chowning to Board of Directors
Minneapolis, MN – October 31, 2019 – Qumu Corporation (NASDAQ: QUMU) has appointed Edward Horowitz and Mary E. Chowning to its board of directors, effective immediately. With these additions, Qumu’s board is now comprised of seven directors, including the Company’s Chief Executive Officer and six independent directors.
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Qumu Reports Third Quarter 2019 Results
6% Year-to-Date Revenue Increase and 51% Adjusted EBITDA Improvement Underpin Return to Growth Reiterates Revenue and Adjusted EBITDA Financial Guidance for 2019
Conference Call Today, October 31, 2019 at 4:30 p.m. ET
Minneapolis, MN – October 31, 2019 – Qumu Corporation (NASDAQ: QUMU) today reported financial results for the third quarter and nine months ended September 30, 2019. The Company reported third quarter revenue of $6.7 million, net loss of $(221,000), adjusted EBITDA, a non-GAAP measure, of $(535,000), and ended the quarter with cash of $7.5 million. Compared to the corresponding first nine months of 2018, year-to-date 2019 gross profit improved $2.5 million as revenue grew $1.0 million, or 6%, and gross margin percentage increased 10%. Further, adjusted EBITDA, a non-GAAP measure, improved $1.8 million, or 51%. Qumu management also reiterated its revenue and adjusted EBITDA financial guidance for the year ending December 31, 2019.
Qumu Sets Third Quarter 2019 Conference Call for Thursday, October 31, 2019 at 4:30 p.m. ET
Minneapolis, MN – October 18, 2019 – Qumu Corporation (NASDAQ: QUMU) will hold a conference call and webcast on Thursday, October 31, 2019 at 4:30 p.m. Eastern Time to discuss its financial results for the third quarter ended September 30, 2019. Financial results will be issued in a press release prior to the call.
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Qumu Announces Major Feature Release for On Premise Enterprise Video Customers
Leading Enterprise Video provider releases VCC V10, adding self-service broadcasting, hybrid delivery, advanced analytics and intelligent distribution to list of key upgrades
Minneapolis, September 11, 2019 – Qumu, the leading provider of best-in-class video technology for the enterprise, has announced the release of Qumu Video Control Center (VCC) version 10—the customer-hosted version of Qumu’s intelligent Enterprise Video platform. This new release provides significant performance and capability upgrades for all Qumu on premise deployments, as well as a more secure, scalable and user-friendly platform for global organizations considering an enterprise video investment.
Qumu to Present at the Gateway Conference on September 4, 2019
Minneapolis, MN – August 20, 2019 – Qumu Corporation (NASDAQ: QUMU) has been invited to present at the 8th Annual Gateway Conference, which is being held on September 4-5, 2019 at the Four Seasons Hotel in San Francisco, CA.
Qumu Appoints Two New Executives to Lead Sales for the Americas and EMEA
Enterprise video leader hires Michele Thomas and Pete Blackhurst to accelerate revenue growth through direct sales and channel partners
Minneapolis, August 14th, 2019 – Qumu (NASDAQ: QUMU), a leader in enterprise video, announced it has appointed two new Vice Presidents, Michele Thomas and Pete Blackhurst, to lead its Sales and Channel teams in the Americas and EMEA respectively. The move is part of Qumu’s long-term strategy to give greater focus on each region, and accelerate new customer acquisition on a global scale.
Qumu Reports Second Quarter 2019 Results Reiterates Annual Financial Guidance
Strong Sales Pipeline, Expanding Gross Margin and Record Customer Retention Will Drive Anticipated Growth in Second Half of Year
Conference Call Today, July 30, 2019 at 4:30 p.m. ET
Minneapolis, MN – July 30, 2019 – Qumu Corporation (NASDAQ: QUMU) today reported financial results for the second quarter and six months ended June 30, 2019. The Company reported second quarter revenue of $5.4 million, net loss of $(3.6) million and adjusted EBITDA, a non-GAAP measure, of $(1.4) million, and ended the quarter with cash of $7.3 million. Management also reiterated its financial guidance for the fiscal year ending December 31, 2019.