Qumu (QUMU) Misses Q1 EPS by 8c, Revenues Miss; Provides FY20 Revenue Outlook

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Go back to Qumu (QUMU) Misses Q1 EPS by 8c, Revenues Miss; Provides FY20 Revenue Outlook

Qumu Announces First Quarter 2020 Results

May 5, 2020 4:01 PM EDT

Company reports solid first quarter results, provides update on business and market for enterprise video amid COVID-19 pandemic

Conference Call Today, May 5, 2020 at 4:30 p.m. ET

MINNEAPOLIS--(BUSINESS WIRE)-- Qumu Corporation (Nasdaq: QUMU) today reported financial results for the first quarter ended March 31, 2020, reflecting revenue of $6.2 million, net loss of $(2.7) million, and adjusted EBITDA loss, a non-GAAP measure, of $(1.2) million. The Company ended the first quarter 2020 with cash of $8.4 million.

Management Commentary
Scalable, secure, self-service video technology for enterprises is the key value proposition... More