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QUMU Qumu

Qumu Corp. provides the software solutions to create, manage, secure, distribute and measure the success of live and on-demand video for the enterprise. It offers enterprise video content management software solutions, hardware, maintenance and support, and professional and other services. The company was founded in 1978 and is headquartered in Minneapolis, MN.

Company profile

Ticker
QUMU
Exchange
Website
CEO
Vernon Hanzlik
Employees
Incorporated
Location
Fiscal year end
Former names
RIMAGE CORP
SEC CIK
IRS number
411577970

QUMU stock data

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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

9 Mar 21
17 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
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Cost of revenue
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Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
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Financial data from Qumu earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 11.88M 11.88M 11.88M 11.88M 11.88M 11.88M
Cash burn (monthly) (positive/no burn) (positive/no burn) 1.38M 792.17K (positive/no burn) (positive/no burn)
Cash used (since last report) n/a n/a 4.92M 2.82M n/a n/a
Cash remaining n/a n/a 6.96M 9.05M n/a n/a
Runway (months of cash) n/a n/a 5.0 11.4 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
29 Jan 21 Mary E Chowning Common Stock Buy Aquire P No No 6.75 5,000 33.75K 40,000
29 Jan 21 Neil E Cox Common Stock Buy Aquire P No No 6.75 2,000 13.5K 57,099
29 Jan 21 Dave Ristow Common Stock Buy Aquire P No No 6.75 1,852 12.5K 65,079
29 Jan 21 Edward D Horowitz Common Stock Buy Aquire P No No 6.75 5,000 33.75K 40,000

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
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Total shares 0 0
Total puts 0 0
Total calls 0 0
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Financial report summary

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Competition
MicrosoftBrightcoveKaltura
Risks
  • We may not be successful at implementing our long-term strategic roadmap.
  • The COVID-19 pandemic has significantly impacted worldwide business practices and economic conditions and could have a material effect on Qumu’s business, financial condition and operating results.
  • The markets for video content and software to manage video content are each in early stages of development. If this market does not develop or develops more slowly than Qumu expects, including as a result of COVID-19 impacts, Qumu’s revenues may decline or fail to grow.
  • If we are unable to attract new customers, retain existing customers and sell additional products and services to our existing and new customers, our revenue growth and profitability will be adversely affected.
  • We have a history of losses, and while we are investing heavily in sales, marketing and research and development to enhance revenue growth and become cash flow positive in late 2022, we may not achieve those goals or achieve or sustain cash flows or profitability in the future.
  • We encounter long sales cycles with our enterprise video solutions, which could adversely affect our operating results in a given period.
  • To compete effectively, we must continually improve existing products and introduce new products that achieve market acceptance.
  • We face intense competition and such competition may result in price reductions, lower gross profits and loss of market share.
  • Economic and market conditions, particularly those affecting our customers, have harmed and may continue to harm our business.
  • Our sales will decline, and our business will be materially harmed, if our sales and marketing efforts are not effective.
  • Competition for highly skilled personnel is intense, and if we fail to attract and retain talented employees, we may fail to compete effectively.
  • We sell a significant portion of our products internationally, which exposes us to risks associated with international operations.
  • Our enterprise video content management software products must be successfully integrated into our customers’ information technology environments and workflows, and changes to these environments, workflows or unforeseen combinations of technologies may harm our customers’ experience in using our software products.
  • The growth and functionality of our enterprise video content management software products depend upon the solution’s effective operation with mobile operating systems and computer networks.
  • Any failure of major elements of our products could lead to significant disruptions in our ability to serve customers, which could damage our reputation, reduce our revenues or otherwise harm our business.
  • If we lose access to third-party licenses, our software product development and production may be delayed or we may incur additional expense to modify our products or products in development.
  • If the limited amount of open source software that is incorporated into our products were to become unavailable or if we violate the terms of open source licenses, it could adversely affect sales of our products, which could disrupt our business and harm our financial results.
  • If our domestic or international intellectual property rights are not adequately protected, others may offer products similar to ours or independently develop the same or similar technologies or otherwise obtain access to our technology and trade secrets, which could depress our product selling prices and gross profit or result in loss of market share.
  • Changes in laws and regulations related to the Internet or changes in the Internet infrastructure itself may diminish the demand for our products, and could have a negative impact on our business.
  • Expanding laws, regulations and customer requirements relating to data security and privacy may adversely affect sales of our products and result in increased compliance costs.
  • We may experience significant quarterly and annual fluctuations in our results of operations due to a number of factors and these fluctuations may negatively impact the market price of our common stock.
  • The limited trading volume of our common stock could affect your ability to sell your shares at a satisfactory price.
  • Provisions of Minnesota law, our bylaws and other agreements may deter a change of control of our company and may have a possible negative effect on our stock price.
Management Discussion
  • The Company generates revenue through the sale of enterprise video content management software, hardware, maintenance and support, and professional and other services. Software sales may take the form of a perpetual software license, a cloud-hosted software as a service (SaaS) or a term software license. Software licenses and appliances revenue includes sales of perpetual software licenses and hardware. Service revenue includes SaaS, term software licenses, maintenance and support, and professional and other services.
  • Revenues can vary year to year based on the type of contract the Company enters into with each customer. The $3.7 million, or 15%, increase in total revenues from 2019 to 2020 was primarily driven by revenue attributable to a large customer order received at the end of the first quarter 2020, which the customer identified as specifically driven by the change in working environment due to COVID-19, resulting in increases in both software licenses and appliances revenues and service revenues.
  • The $1.9 million increase in service revenues from 2019 to 2020 primarily resulted from a $1.3 million increase in subscription, maintenance and support revenues due to the aforementioned large customer order received in 2020, partially offset by the recognition of large term license sales in 2019 that were absent in the comparable period of 2020. Also contributing to the increase in service revenues was a $545,000, or 25%, increase in professional services revenues, which benefited from large software and appliances sales during 2020.
Content analysis
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