Qumu (QUMU) Misses Q2 EPS by 7c

Qumu (NASDAQ: QUMU) reported Q2 EPS of ($0.06), $0.07 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $9.3 million versus the consensus estimate of $9.31 million.

Business Outlook:

Qumu provides revenue guidance based on current market conditions and management’s expectations, including the financial impact that COVID-19 is expected to have on economies and enterprises around the world. Based on the Company’s strong second quarter 2020 financial results and expanding pipeline of business, management currently expects revenue for 2020 to be approximately $29 million compared to $25.4 million in 2019, representing year-over-year growth of 14%. Management will continue to assess its revenue outlook for the second half of 2020 as more information becomes available on customer ordering trends and the economic disruption caused by COVID-19.

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

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