Qumu (QUMU) Tops Q2 EPS by 10c

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Go back to Qumu (QUMU) Tops Q2 EPS by 10c

Qumu Announces Second Quarter 2018 Results, Reports Strong License Revenue Growth

July 31, 2018 4:01 PM EDT

Conference Call Wednesday, August 1, 2018 at 10:00 a.m. ET

MINNEAPOLIS--(BUSINESS WIRE)-- Qumu Corporation (NASDAQ: QUMU) today reported financial results for the second quarter ending June 30, 2018. The Company reported strong growth in both license revenue and sales pipeline, increasing gross margins, paydown of its long-term debt, and reiteration of its 2018 full year revenue guidance.

Second quarter 2018 revenue was $7.6 million, compared to $6.7 million in the second quarter 2017, and net loss for the second quarter 2018 was $(1.5) million, or $(0.16) per diluted share, compared to a net loss of $(2.6) million, or $(0.28) per diluted... More