Qumu Reports Preliminary Fourth Quarter and 2020 Financial Results
Summary
“In the fourth quarter, we gained momentum in the initial implementation phase of our long-term strategic roadmap and the financial results reflect traction in our efforts to grow high-margin recurring revenues,” said Qumu President and CEO TJ Kennedy. Qumu provides revenue guidance based on current market conditions and expectations, including the unknown financial impact that COVID-19, and related recovery, will have on economies and enterprises around the world. The non-GAAP results should not be considered a substitute for financial information presented in accordance with generally accepted accounting principles and may be different from non-GAAP measures used by other companies. Backed by the most trusted and experienced team in the industry, the Qumu Cloud platform enables global organizations to drive employee engagement, increase access to video, and modernize the workplace by providing a more efficient and effective way to share knowledge. This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
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