Qumu Corporation (NASDAQ:QUMU) is reporting second quarter financial results on Tuesday 28th July 2020, after market close.
According to analysts surveyed by Thomson Reuters, QUMU is expected to report 2Q20 income of $ 0.01 per share from revenue of $ 9.31 million.
For the full year, analysts anticipate top line of $ 29.01 million, while looking forward to loss of $ 0.41 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 28.00 million ~ $ 28.00 million
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Previous Quarter Performance
Qumu Corporation disclosed loss for the first quarter of $ 0.21 per share, from the revenue of $ 6.23 million. The quarterly revenues surged 11.25 percent compared with the same quarter last year. Street analysts expected Qumu Corporation to report loss of $ 0.13 per share on revenue of $ 6.44 million for the first quarter. The bottom line results missed street analysts by $ 0.08 or 61.54 percent, at the same time, top line results fell short of analysts by $ 0.21 million or 3.26 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of QUMU was $ 4.71, representing a 276.80 % increase from the 52 week low of $ 1.25 and a 14.36 % decrease over the 52 week high of $ 5.50.
The company has a market capital of $ 63.72 million and is part of the Technology sector and Software – Application industry.
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Conference Call
Qumu Corporation will be hosting a conference call at 4:30 PM eastern time on 28th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.qumu.com
Qumu Corporation provides tools to create, manage, secure, distribute, and deliver live and on-demand video content for the enterprises. It offers an end-to-end video creation, management, and delivery solution through the sale of software licenses and hardware, software on server appliance, software-enabled devices, and a cloud-hosted software-as-a-service platform. The company also provides maintenance and support, professional, and other services.
