Qumu (QUMU) Misses Q2 EPS by 7c
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Qumu Announces Second Quarter 2020 Financial Results
July 28, 2020 4:01 PM EDTCompany Affirms 74% Revenue Increase in Second Quarter to Record $9.3 Million; Strong Demand Continues to Expand Sales Pipeline
MINNEAPOLIS--(BUSINESS WIRE)-- Qumu Corporation (Nasdaq: QUMU), the leading provider of best-in-class video technology for the enterprise, today reported financial results for the second quarter ended June 30, 2020.
Q2 2020 Financial Highlights
Revenue increased 74% year-over-year to a quarterly record $9.3 million, Qumu's highest for a second quarter period as a video technology solutions company Net loss was $(692,000) and adjusted EBITDA, a non-GAAP measure, totaled $809,000 Customer retention was 90% for the second quarter... More