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Stock Market & Financial Investment News

News Breaks
July 30, 2014
16:09 EDTQUMUQumu reports Q2 EPS (39c), one estimate (39c)
Reports Q2 revenue $8.4M, may not compare to one estimate $19.60M.
News For QUMU From The Last 14 Days
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October 6, 2014
06:26 EDTQUMUQumu to host conference call
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06:06 EDTQUMUQumu sees FY15 revenue growth to exceed 60%, one estimate $34.63M
Qumu expects that the scale benefits from this increased revenue growth will be a key driver for increasing 2015 gross margins to closer to 60%. The company expects to end 2015 with cash and marketable securities of $20M-$25 million. The Kulu Valley acquisition is expected to be cash flow accretive to Qumu’s 2015 financial results and the company expects to be cash flow break even in 2016.
06:05 EDTQUMUQumu backs FY14 annual software contract commitments to grow more than 50%
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06:04 EDTQUMUQumu acquires Kulu Valley for $15M
Qumu announced the acquisition of Kulu Valley, a provider of video content creation solutions based in the United Kingdom. Kulu Valley provides its software solutions to more than 80 customers, primarily in Europe, and generated $5.5M in profitable revenue for the 12 months ended June 30, 2014. The transaction was completed on October 3, 2014 and is valued at approximately $15M, comprised of approximately $11.5M of net cash and 275,000 shares of Qumu stock. The amount of revenue the acquisition will contribute to Qumu’s fourth quarter 2014 is dependent on the deferred revenue purchase accounting assessment which is still in progress. The company will also be completing a purchase price valuation during the fourth quarter to determine how much of the purchase price will be allocated to goodwill and acquisition intangibles.

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