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.
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.
London, 30 April, 2018 – Qumu, the leading provider of best-in-class video technology for the enterprise, announced a strategic partnership with Compodium, one of EMEA’s leading UC and virtual healthcare providers. As Qumu’s first Diamond Strategic Partner, Compodium will dramatically expand distribution for Qumu’s enterprise video platform in EMEA—particularly in the Nordic, Benelux, DACH, UK, Middle East and African regions.
Minneapolis, April 10, 2018 - Qumu, the leading provider of best-in-class video technology for the enterprise, has been named by Frost & Sullivan as the 2018 Competitive Strategy, Innovation and Leadership Award winner in the Global Enterprise Video Platforms space. As part of the award process, Qumu will be honored at Frost & Sullivan’s annual black tie Awards Gala in July of 2018, along with award recipients from a variety of other technology segments.
Minneapolis, March 12, 2018 - Qumu, the leading provider of best-in-class video technology for the enterprise, announced the release of advanced analytics for its video management platform. Called Qumu Advanced Analytics, the release enables clients to optimize video resources and infrastructure by collecting, analyzing and visually displaying real-time network and usage data. Qumu Advanced Analytics also provides organizations with real-time visibility into employee engagement and the overall end-user experience, for both live streaming video and video on demand (VOD).
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.
Minneapolis, February 27, 2018 - Qumu, the leading provider of best-in-class video technology for the enterprise, announced the release of a new software-based iPTV solution called Qumu iPTV. Built on the company's market-leading video platform, Qumu iPTV allows organizations to deliver a rich end-user iPTV experience to any computer, VDI client, television, large format display, mobile device, connected web client, or commodity compute stick from manufacturers like Intel and Lenovo.
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
Minneapolis, January 17, 2018 - iStudy Co., Ltd., a leader in enterprise Learning Management System technology, announced it will be launching its new iStudy LMS and iStudy Video products powered by Qumu Cloud. This partnership marks the first time a Learning Management System (LMS) has been released using Qumu’s cloud-based enterprise video platform as a content delivery and management engine.
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