United Kingdom

Qumu Corp reports Q3 revenue of $7.6 mln

Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Qumu Corp -:Qumu announces third quarter 2017 results.Q3 revenue $7.6 million.Sees q4 loss per share $0.10 to $0.15.Sees q4 2017 revenue $8.5 million to $9.5 million.Sees fy 2017 revenue $29.4 million to $30.4 million.For fy 2017, ‍total gross margin percentage is expected to improve from low 60s early in year to mid 60s late in year​.Sees ‍loss per share of $1.00 to $1.05 for fy 2017.Continuing to negotiate with hcp-fvd, llc & hale capital partners abt covenants,potential amendment of /waiver to credit agreement.‍Ability to continue as going concern is dependent upon maintaining compliance with covenants of term loan credit agreement with hcp-fvd. 

Company Quote

12 Dec 2018