Qumu (QUMU) Tops Q3 EPS by 18c, Revenues Miss

Qumu (NASDAQ: QUMU) reported Q3 EPS of $0.25, $0.18 better than the analyst estimate of $0.07. Revenue for the quarter came in at $5.7 million versus the consensus estimate of $6.12 million.

"I’m happy to report positive net income which, along with a strengthened balance sheet and steady improvement in our operating expenses, gives us a solid financial footing for growth,” said Vern Hanzlik, Qumu’s President and CEO. "We remain bullish on the business, due to steadily increasing customer opportunities, increased customer retention of over 90%, plus our expanded footprint in 22 customers. This growing commitment from customers, combined with top leadership rankings by industry analysts tells me Qumu’s strategy is exactly on target with the industry’s direction toward global video solutions based on a distributed computing model."

For earnings history and earnings-related data on Qumu (QUMU) click here.

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