MINNEAPOLIS–(BUSINESS WIRE)–Qumu Corporation (Nasdaq: QUMU), a leading provider of cloud-based enterprise video technology for organizations of all sizes, today reported preliminary financial results for the fourth quarter and its full year ended December 31, 2020. The preliminary financial results for 2020 are subject to the Company’s management’s and its independent auditors’ customary audit procedures.
Fourth quarter 2020 revenue is expected to be approximately $6.9 million and full year 2020 revenue is expected to be approximately $29.1 million, representing an approximately 14.6% increase over 2019 revenue of $25.4 million and achievement of the Company’s revenue guidance of $29.0 million. For the fourth quarter 2020, subscription, maintenance and support revenue…
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