Qumu (QUMU) Tops Q1 EPS by 5c
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Qumu Announces First Quarter 2016 Results
May 3, 2016 4:02 PM EDTQuarterly Revenue of $8.7 Million, a 46% year-over-year increase
Conference Call Wednesday, May 4 at 10:00 a.m. ET
MINNEAPOLIS--(BUSINESS WIRE)-- Qumu Corporation (NASDAQ: QUMU) today reported financial results for the first quarter ended March 31, 2016.
First quarter revenue was $8.7 million, a 46% increase compared to the first quarter 2015. First quarter net loss per share was $(0.45) compared to $(1.07) in the first quarter 2015.
First quarter adjusted EBITDA (a non-GAAP measure) was a loss of $3.0 million, compared to an adjusted EBITDA loss of $8.7 million for the first quarter 2015.
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