Qumu Reports First Quarter 2021 Financial Results
Qumu Corporation (QUMU)
Last qumu corporation earnings: 3/4 04:01 pm
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Source: Business Wire
Execution on SaaS Strategy Drives 21% Year-over-Year Increase in Subscription Annual Recurring Revenue (ARR); Management Reiterates Revenue Growth Outlook of 20%+ in 2021 MINNEAPOLIS--(BUSINESS WIRE)--Qumu Corporation (Nasdaq: QUMU), a leading provider of cloud-based enterprise video technology for organizations of all sizes, today reported financial results for the first quarter ended March 31, 2021.Q1 2021 and Recent Operational HighlightsStrengthened leadership team with the appointment of SaaS veteran Rose Bentley as Qumu’s new Chief Operating Officer.Partnered with a leading video creation platform for enterprises to make streaming video more accessible for new and existing Qumu customers.Released artificial intelligence-powered live captioning for enterprise video.Solidified the balance sheet with the closing of a public offering of common stock, which provided approximately $23.1 million in cash to accelerate the company’s strategic roadmap.Repaid the note payable to ESW Hol
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