QUMU - QUMU STOCK NEWS

Qumu Corporation (Nasdaq: QUMU), a cloud-based enterprise video technology provider, will participate in several virtual financial conferences this Spring. The events include the Northland Capital Markets Fireside Chat on May 18, 2021, the Craig-Hallum 18th Annual Institutional Investor Conference on June 2, 2021, and the Northland Capital Markets Customer Engagement SaaS Conference on June 15, 2021. The conferences will feature various formats including fireside chats, Q&A sessions, and one-on-one meetings, aimed at enhancing investor engagement and showcasing Qumu's offerings.

Qumu Corporation (Nasdaq: QUMU) has been recognized in the 'Contender' section of the 2021 Aragon Research Globe for Video Conferencing for the third consecutive year. This acknowledgement highlights Qumu's ability to deliver reliable and secure enterprise video technology as businesses adapt to hybrid and remote work environments. With a focus on scalability and engagement, Qumu aims to enhance communication across distributed teams. The Aragon report assesses 21 video conferencing firms based on various criteria, including product strategy and customer references.

Qumu Corporation (Nasdaq: QUMU) reported Q1 2021 financial results, highlighting a 20% increase in subscription, maintenance, and support revenue to $5.0 million. Professional services revenue rose 39% to $733,000. Despite a decrease in total revenue to $5.8 million from $6.2 million in Q1 2020, gross margin improved to 73%. The net loss widened to $(4.5) million from $(2.7) million year-over-year, attributed to higher operational costs from a workforce expansion. The company's strong cash position of $27.6 million supports its strategic roadmap, reaffirming expectations for at least 20% revenue growth in 2021.

Qumu Corporation (Nasdaq: QUMU) has announced the launch of its live captioning capabilities, enabling AI-based translation of voice to on-screen captions. This feature is included in the Qumu Cloud offering and available to all customers without any additional costs. Initially supporting English and Japanese, Qumu plans to expand to more languages. The live captioning service is designed for scale, supporting various input sources and meeting viewer expectations for accessibility during virtual events. Continuous improvements are planned based on customer feedback.

Qumu Corporation (Nasdaq: QUMU) will conduct a conference call on April 29, 2021, at 4:30 p.m. ET, to discuss its Q1 2021 financial results ending March 31, 2021. The financial results will be released before the call. Investors can participate via dial-in or webcast, with a recording available on Qumu's website for one year. The Qumu platform is recognized for enhancing video management and enterprise engagement.

Qumu Corporation (Nasdaq: QUMU) has appointed Rose Bentley as Chief Operating Officer, positioning her to lead global operations amid significant growth investments. Bentley brings a wealth of experience from leadership roles in SaaS technology, previously driving substantial revenue growth at Teradata and CloudCherry. Her appointment comes as Qumu aims to capitalize on the expanding video marketplace, with Bentley emphasizing the importance of video in the evolving work environment. This strategic move aims to enhance operational excellence and customer engagement.

Qumu Corporation (Nasdaq: QUMU) has partnered with Socialive to enhance video content production and distribution for businesses of all sizes. This collaboration brings Socialive's SaaS-based video production capabilities to Qumu's existing customer base, allowing for easy video streaming from various sources on any device. The partnership aims to streamline the video creation process for users, reflecting the growing demand for enterprise video solutions as remote work becomes more prevalent.

Qumu Corporation (Nasdaq: QUMU), a leader in Enterprise Video technology, is set to participate in the 2021 Emerging Growth Virtual Conference from March 17-19, 2021. CEO TJ Kennedy will present a pre-recorded webcast on March 18 at 11:00 a.m. ET. The event will also facilitate one-on-one meetings with investors and analysts. Qumu specializes in video content management solutions, helping global organizations enhance employee engagement and knowledge sharing.

Qumu Corporation (Nasdaq: QUMU) reported a strong Q4 2020, with total revenue rising 10% to $6.9 million. Subscription revenue increased 23% to $5.4 million, contributing to a Subscription Annual Recurring Revenue (ARR) of $11.6 million, up 29% year-over-year. Qumu's gross margin improved to 76%, while the net loss widened to $(4.0) million due to non-cash expenses. The company closed a $23.1 million public offering to support its strategic roadmap and reiterated guidance for at least 20% revenue growth in 2021, aiming for approximately $35 million in total revenue.