Qumu Announces Preliminary Full Year 2019 Financial Results
Qumu Corporation (QUMU)
Last qumu corporation earnings: 3/4 04:01 pm
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US:NASDAQ Investor Relations:
qumu.com/en/investor-relations
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Source: Business Wire
2019 Conference Call Scheduled for March 4, 2020 MINNEAPOLIS--(BUSINESS WIRE)--Qumu Corporation (NASDAQ: QUMU), the leading provider of best-in-class video technology for the enterprise, announced preliminary financial results for its full year ended December 31, 2019. The preliminary financial results for 2019 are subject to the Company’s management and its independent auditors’ customary audit procedures.Full year 2019 revenue is expected to be approximately $25.4 million, compared to financial guidance issued by the Company of 2019 revenue of $27 million. Fourth quarter revenue was less than expected due to several large expansion agreements with existing customers that were delayed in the contracting process. The Company’s preliminary gross margin percentage for 2019 is expected to be approximately 72%, which compares favorably to the Company’s previous financial guidance of expected gross margin percentage of high 60s to low 70s.Net loss for 2019 is expected to be approximatel
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