Recap: Qumu Q3 Earnings

Shares of Qumu QUMU were flat after the company reported Q3 results.

Quarterly Results

Earnings per share were down 27.27% year over year to ($0.14), which missed the estimate of ($0.12).

Revenue of $6,630,000 declined by 0.61% year over year, which beat the estimate of $6,510,000.

Guidance

Qumu hasn't issued any earnings guidance for the time being.

The upcoming fiscal year's revenue expected to be between $29,000,000 and $29,000,000.

Conference Call Details

Date: Oct 27, 2020

Time: 04:30 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/q5mb7fa8

Technicals

52-week high: $6.29

Company's 52-week low was at $1.25

Price action over last quarter: Up 2.32%

Company Profile

Qumu Corp provides the software solutions to create, manage, secure, distribute and measure the success of live and on-demand video for enterprises. The Qumu platform enables global organizations to drive employee engagement, increase access to video, and modernize the workplace by providing a more efficient and effective way to share knowledge. The company markets its products to customers primarily in North America, Europe, and Asia.