Qumu Corp (QUMU) Releases Earnings Results, Misses Expectations By $-0.15 EPS

Qumu Corp (QUMU) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $-0.46 earnings per share for the quarter, missing the analyst consensus estimate by $-0.15. Analysts had a consensus of $-0.31. The company posted revenue of $6.52 million in the period, compared to analysts expectations of $8.85 million. The company’s revenue was down -25.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.75 EPS.

Qumu Corp opened for trading at $3.87 and hit $3.87 on the upside on Friday, eventually ending the session at $3.79, with a gain of 2.71% or 0.1 points. The heightened volatility saw the trading volume jump to 13,888 shares. Company has a market cap of $35 M.

In a different news, on May 17, 2016, Vern Hanzlik (CEO) purchased 10,000 shares at $4.11 per share price. According to the SEC, on May 13, 2016, Robert F Olson (director) purchased 10,000 shares at $4.05 per share price. On Nov 12, 2015, Thomas F Madison (director) purchased 24,200 shares at $2.96 per share price, according to the Form-4 filing with the securities and exchange commission.

Qumu Corporation (Qumu) is an enterprise video content management software company. The Company is engaged in providing tools businesses need to create manage secure deliver and measure their videos. Qumu’s video platform supports both live and on-demand streaming. Its enterprise video content management software products are deployed primarily through the sale of software licenses software on a server appliance software-enabled devices and a cloud-based software-as-a-service (SaaS) platform. Software maintenance contracts professional services and managed services are also sold with these solutions. The Company’s video content management software solutions allow organizations to capture organize and deliver content across a range of end points including mobile devices and thin clients. Its solutions include two primary product suites: Qumu Enterprise which provides video content management solutions and Qumu Cloud a fully managed solution delivered as a SaaS platform.

Qumu Corp

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