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Rimage Corp (QUMU) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

Qumu Corp

CIK: 892482 Ticker: QUMU

EXHIBIT 99.1

(RIMAGE LOGO)

Rimage Reports 56% Sequential Increase in Qumu Fourth Quarter 2012
Revenues

Qumu Contracted Commitment Backlog Increases 50% from Third Quarter to $12.7 Million Overall Fourth Quarter 2012 Revenues of $20.7 Million Exceed Guidance

Minneapolis, MN – February 26, 2013 –

Rimage Corporation (NASDAQ: RIMG) today reported its financial results for the fourth quarter and full year ended December 31, 2012.

 

 

Qumu Fourth Quarter Financial Highlights

Qumu revenues totaled $4.3 million in the fourth quarter of 2012, 56% above the $2.8 million in the third quarter 2012 and more than double its $1.8 million in revenues in the fourth quarter of 2011.

Qumu contracted commitments totaled $8.7 million in the 2012 fourth quarter, the best quarterly performance in its history. This compares with $4.5 million in contracted commitments in the recent third quarter. Qumu’s backlog of contracted revenue grew to $12.7 million at December 31, 2012 compared with $8.4 million at September 30, 2012.

Sherman L. Black, president and CEO, said, “The fourth quarter demonstrated the potential of our Qumu secure enterprise video solutions. Qumu’s momentum continued to build during the quarter with strong sequential growth in revenues, contracted commitments and backlog. Six new enterprise customers committed to Qumu’s enterprise video software and services, representing a broad spectrum of industries including food, pharma, high tech, financial services and transportation.”

“Enterprise customers are beginning to see video content used more and more as a means to increase employee engagement and team collaboration. Existing network infrastructure and collaboration tools are not equipped to enable the creation, management and delivery of video,” continued Mr. Black.

“Qumu allows organizations to capture, organize and distribute content across their extended enterprise to a wide variety of endpoints, including mobile devices. Qumu software offers information technology administrators and corporate communication leaders a way to securely address the challenges of video and rich content distribution overwhelming their data networks, while utilizing existing IT infrastructure.”

 

 

Disc Publishing Fourth Quarter Financial Highlights

Disc publishing revenues in the recent fourth quarter totaled $16.4 million, a decrease of 17% from revenues in the fourth quarter of 2011. The decrease continued to reflect softness in demand in Europe and continued funding challenges with the government business in the U.S.



The following information was filed by Qumu Corp (QUMU) on Wednesday, February 27, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Schedule Ii. Valuation & Qualifying Accounts
Schedule Ii. Valuation & Qualifying Accounts (details)
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders Equity
Acquisition Of Qumu, Inc.
Acquisition Of Qumu, Inc. (tables)
Acquisition Of Qumu, Inc. Narrative (details)
Acquisition Of Qumu, Inc. Preliminary Purchase Accounting Allocation (details)
Acquisition Of Qumu, Inc. Pro Forma Operating Results (details)
Business Segments Information
Business Segments Information / Major Customers (tables)
Business Segments Information / Major Customers Revenue And Operating Income (loss) (details)
Business Segments Information / Major Customers Revenues And Accounts Receivable By Customers (details)
Business Segments Information / Major Customers Revenues And Property, Plant, And Equipment By Region (details)
Business Segments Information / Major Customers Revenues By Products And Services (details)
Component Of Net Income Per Basic And Diluted Share (details)
Consolidation Of Join Venture Entity And Noncontrolling Interest
Consolidation Of Join Venture Entity And Noncontrolling Interest (details)
Consolidation Of Join Venture Entity And Noncontrolling Interest (tables)
Consolidation Of Join Venture Entity And Noncontrolling Interest Schedule (details)
Contingencies
Contingencies (details)
Derivatives
Derivatives (tables)
Derivatives Narrative (details)
Derivatives Schedule Of Fair Market Value Of Derivative Instruments (details)
Derivatives Schedule Of Realized And Unrealized Gains Or Losses On Derivative Instruments (details)
Fair Value Measurements
Fair Value Measurements (details)
Fair Value Measurements (tables)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (tables)
Goodwill And Intangible Assets Changes In Goodwill And Intangible Assets (details)
Goodwill And Intangible Assets Narrative (details)
Income Taxes
Income Taxes Component Of Income Before Income Taxes (details)
Income Taxes Deferred Tax Assets And Liabilities (details)
Income Taxes Income Tax Expense (benefits) (details)
Income Taxes Income Tax Reconciliation (details)
Income Taxes Income Taxes (tables)
Income Taxes Narrative (details)
Income Taxes Unrecognized Tax Benefits (details)
Inventories
Inventories (tables)
Inventories Schedule Of Inventories (details)
Investment In Software Company
Investment In Software Company (details)
Lease Commitments
Lease Commitments (details)
Lease Commitments Lease Commitments (tables)
Marketable Securities
Marketable Securities (tables)
Marketable Securities Narrative (details)
Marketable Securities Schedule Of Marketable Securities (details)
Nature Of Business And Summary Of Significant Accounting Policies
Nature Of Business And Summary Of Significant Accounting Policies (policies)
Nature Of Business And Summary Of Significant Accounting Policies (tables)
Nature Of Business And Summary Of Significant Accounting Policies Narrative (details)
Nature Of Business And Summary Of Significant Accounting Policies Warranty (details)
Net Income (loss) Per Share
Net Income (loss) Per Share (tables)
Net Income (loss) Per Share Narrative (details)
Prepaid Software License
Prepaid Software License (details)
Profit Sharing And Savings Plan
Profit Sharing And Savings Plan (details)
Property And Equipment
Property And Equipment (tables)
Property And Equipment Narrative (details)
Property And Equipment Schedule Of Property And Equipment (details)
Stock-based Compensation
Stock-based Compensation, Common Stock Repurchases And Dividends (narrative) (details)
Stock-based Compensation, Common Stock Repurchases And Dividends (tables)
Stock-based Compensation, Common Stock Repurchases And Dividends Nonvested Restricted Stocks (details)
Stock-based Compensation, Common Stock Repurchases And Dividends Schedule Of Assumptions - Parenthetical (details)
Stock-based Compensation, Common Stock Repurchases And Dividends Schedule Of Nonvested Activity (details)
Stock-based Compensation, Common Stock Repurchases And Dividends Schedule Of Quarterly Dividends (details)
Stock-based Compensation, Common Stock Repurchases And Dividends Schedule Of Repurchase Activity (details)
Stock-based Compensation, Common Stock Repurchases And Dividends Schedule Of Restricted Stock Options (details)
Stock-based Compensation, Common Stock Repurchases And Dividends Schedule Of Share-based Compensation Rollforward (details)
Stock-based Compensation, Common Stock Repurchases And Dividends Schedule Of Share-based Payment Arrangements (details)
Stock-based Compensation, Common Stock Repurchases And Dividends Schedule Of Stock Options (details)
Stockholders' Equity
Stockholders' Equity (details)
Supplemental Quarterly Data - Unaudited (dollars In Thousands, Except Per Share Data)
Supplemental Quarterly Data - Unaudited (dollars In Thousands, Except Per Share Data) (details)
Supplemental Quarterly Data - Unaudited (dollars In Thousands, Except Per Share Data) (tables)
Ticker: QUMU
CIK: 892482
Form Type: 10-K Annual Report
Accession Number: 0001445305-13-000625
Submitted to the SEC: Fri Mar 15 2013 12:38:34 PM EST
Accepted by the SEC: Fri Mar 15 2013
Period: Monday, December 31, 2012
Industry: Prepackaged Software

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