Qumu Announces Fourth Quarter and Year-End 2018 Results
Company delivers two quarters of positive adjusted EBITDA, and meets all 2018 guidance for Bookings Growth, Revenue, Gross Margin and Adjusted EBITDA
Conference Call Wednesday, March 6, 2019 at 10:00 a.m. ET
Minneapolis, March 5, 2019 – Qumu Corporation (NASDAQ: QUMU) today reported financial results for the fourth quarter and year ended December 31, 2018. The Company reported fourth quarter revenue of $6.9 million, positive basic earnings per share, net income of $48,000 and adjusted EBITDA, a non-GAAP measure, of $130,000, ending the year with cash of $8.6 million.
Qumu Announces Intelligent Video Platform as Next Generation in Enterprise Video Technology
Leading Enterprise Video provider cites intelligence-based management of inbound and outbound corporate video as new standard for Global 2000 companies
Minneapolis, February 12, 2019 – Qumu, the leading provider of best-in-class video technology for the enterprise, has announced its next generation enterprise video technology platform. This new platform uses built-in intelligence to autonomously manage and optimize all inbound and outbound corporate video streams, creating the first true video-aware network for the enterprise.
Qumu Fourth Quarter and Year End 2018 Conference Call Scheduled for March 6, 2019
Minneapolis, MN – January 31, 2019 – Qumu Corporation (NASDAQ: QUMU) today announced that it will hold its conference call and webcast to review financial results for the fourth quarter and year ended December 31, 2018 on Wednesday, March 6, 2019 at 10:00 a.m. Eastern Time. The earnings announcement will be issued after the market closes on March 5, 2019.
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Qumu Named a Contender in 2019 Aragon Research Globe for Web and Video Conferencing
Leading analyst firm places Qumu in Contender section due to performance, completeness of strategy and global reach
Minneapolis, January 30, 2019 – Qumu, the leading provider of best-in-class video technology for the enterprise, has been named by Aragon Research as a Contender in the 2019 Aragon Research Globe for Web and Video Conferencing. This Aragon Research Globe covers 20 web and video conferencing vendors, and places each into one of four segments—Leader, Contender, Innovator or Specialist—based on dimensions of analysis which include performance, global reach, and strategy-related criteria. Other companies covered in this Research Globe include Cisco, Microsoft, Zoom, Google and Adobe.
British Telecom Selects Qumu as Strategic Vendor for Worldwide Enterprise Video Streaming
Multinational telecommunications leader will resell Qumu platform globally, deploy Qumu hybrid cloud as video collaboration services backbone
London, December 05, 2018 – Qumu, the leading provider of best-in-class video technology for the enterprise, has been selected by British Telecom (BT) as the company’s strategic vendor for enterprise video streaming. This new partnership will add the Qumu video platform to BT Global Services’ world-class Collaboration and Unified Communications portfolio to create a true, end-to-end enterprise video solution offering for BT clients.
Qumu Named a Leader in 2018 Gartner Magic Quadrant for Enterprise Video Content Management
Leading analyst firm places Qumu in Leaders quadrant based on ability to execute and completeness of vision
Minneapolis, December 3rd, 2018 – Qumu, the leading provider of best-in-class video technology for the enterprise, has been named by Gartner as a Leader in the 2018 Magic Quadrant for Enterprise Video Content Management. This year’s Gartner Magic Quadrant covers 13 enterprise video platform vendors, and places them into one of four quadrants—Leaders, Challengers, Visionaries and Niche Players—based on measures which include market, customer and product-related criteria.
Qumu Named a Top Employee Onboarding Solution Provider for 2018
Leading HR tech publication honors Qumu enterprise video platform among 10 most innovative, user focused and value driven onboarding tools for 2018
Qumu, the leading provider of best-in-class video technology for the enterprise, has been named as a Top 10 Employee Onboarding Solution Provider for 2018. Presented by HR Tech Outlook Magazine, the annual award honors companies whose technology solutions have the most impact in making employee onboarding simpler, faster, less expensive and more engaging. Other winners for 2018 include onboarding market leaders Ultimate Software, BambooHR and ClearCompany.
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.
Qumu Named Among Companies That Matter Most in Online Video for 2018 by Streaming Media
Newly released Streaming Media 50 identifies top vendors in online video based on innovation, video quality and device independence
Minneapolis, October 17th, 2018 – Qumu, the leading provider of best-in-class video technology for the enterprise, has been named as one of the 50 Companies That Matter Most in Online Video for 2018. Presented by Streaming Media, the award identifies and honors companies doing the most important and innovative work in online video today. Other winners for 2018 include Amazon, Apple, Cisco, Google, Netflix and Vimeo.
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.