Qumu Reports Fourth Quarter and Full Year 2020 Financial Results
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Qumu (QUMU) Misses Q4 EPS by 6c, Revenues Miss
March 4, 2021 4:04 PM ESTQumu (NASDAQ: QUMU) reported Q4 EPS of ($0.29), $0.06 worse than the analyst estimate of ($0.23). Revenue for the quarter came in at $6.88 million versus the consensus estimate of $6.92 million.
Fourth Quarter 2020 Financial Results
Revenue for Q4 2020 was $6.9 million compared to $6.2 million for Q4 2019. The increase in revenue was primarily due to higher subscription, maintenance, and support revenue as well as higher subscription bookings.Subscription, maintenance, and support revenue for Q4 2020 increased 23% to $5.4 million from $4.4 million in Q4 2019, which was driven by new cloud and term license deals signed in 2020 as well... More