QUMU - QUMU STOCK NEWS

Qumu Corporation (Nasdaq: QUMU) announced a conference call scheduled for March 4, 2021, at 4:30 p.m. ET to discuss its financial results for Q4 and the full year ended December 31, 2020. The company's financial results will be released prior to the call. Investors can participate via a U.S. dial-in number or an international number and access a live webcast through Qumu's investor relations website. The call will include a Q&A session with management.

Qumu Corporation (Nasdaq: QUMU) has appointed Jennifer Pockell Dimas as the new Chief Marketing Officer. With over 20 years of experience in B2B technology marketing, Dimas will drive Qumu's marketing strategies to enhance growth in the expanding video marketplace. CEO TJ Kennedy highlighted her strong SaaS background and expertise in data-driven marketing. Dimas aims to elevate customer engagement and expand Qumu's reach in the enterprise video sector, particularly as demand for video collaboration rises amidst a shift toward remote work.

Qumu Corporation (Nasdaq: QUMU) has successfully completed its public offering of common stock, raising approximately $23.1 million from the sale of 3,708,750 shares. The offering, led by Craig-Hallum Capital Group, will fund key strategic initiatives and bolster Qumu's capital for future opportunities. CEO TJ Kennedy emphasized that these proceeds will enhance the company’s ability to meet the growing demand for video solutions in enterprise communication, positioning Qumu for growth in a lucrative market.

Qumu Corporation (NASDAQ: QUMU) has announced the pricing of an underwritten public offering of 3,225,000 shares of common stock at $6.75 per share, aiming for gross proceeds of approximately $21.8 million. The offering includes a 30-day option for the underwriter to purchase an additional 483,750 shares. Closing is anticipated around January 29, 2021, depending on customary conditions. Craig-Hallum Capital Group is the sole managing underwriter. This offering is part of a shelf registration statement with the SEC.

Qumu Corporation (NASDAQ: QUMU) has announced a public offering of $20 million in common stock, with an option for underwriters to purchase an additional $3 million. The funds are intended for working capital and general corporate purposes. The offering is subject to market conditions, and there is no guarantee on completion or terms. Craig-Hallum Capital Group is the sole managing underwriter. Investors are encouraged to review the preliminary prospectus and registration information available through the SEC.

Qumu Corporation (Nasdaq: QUMU) announced its preliminary financial results for Q4 and the full year 2020. Q4 revenue is estimated at $6.9 million, leading to a full year total of $29.1 million, a 14.6% increase from 2019. Subscription revenue rose 23.1% in Q4, indicating strong growth in high-margin areas. However, the company anticipates a net loss of $4.3 million to $4.1 million for Q4. For 2021, Qumu expects at least 20% revenue growth, driven by its expanding SaaS strategies, although operating expenses are projected to increase in the first half of the year.

Qumu has been recognized as a Leader in the 2021 Aragon Research Globe for Enterprise Video for the 6^th time, highlighting its strong performance among 15 evaluated vendors. The recognition reflects Qumu’s ability to support organizations in adapting to increased remote work demands. The report assessed Qumu on criteria such as Product Strategy and Customer Experience, underscoring the growing demand for enterprise video management amid a surge in virtual events.

Qumu Corporation (Nasdaq: QUMU), a leader in cloud-based enterprise video technology, has secured a $10 million revolving credit facility with Wells Fargo Bank. This facility, maturing on January 15, 2023, is tied to the company's recurring revenue, enhancing its financial flexibility for growth investments and working capital management. Executives highlighted the increasing demand for Qumu's video solutions in remote and hybrid work environments, positioning the company for sustainable growth in 2021 and beyond.

Qumu Corporation (Nasdaq: QUMU) announces its 'Work from Wherever, Forever' initiative, enhancing its growth potential through strategic investments in talent acquisition. The company aims to expand its revenue-generating team in North America and Europe by leveraging a fully virtual workforce. CEO TJ Kennedy emphasizes the flexibility of hiring globally, which promotes diversity and inclusion. Newly appointed executives bring a wealth of experience from top enterprise technology firms, reinforcing Qumu's commitment to a boundaryless culture driven by collaboration and cutting-edge SaaS tools.