Qumu Corp (QUMU) 10-K Annual Report Fri Mar 15 2013

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

Material Contracts, Statements, Certifications & more

Qumu Corp provided additional information to their SEC Filing as exhibits

Exhibit 21.1: Subsidiaries Of Rimage Corporation

Exhibit 23.1: Consent Of Kpmg Llp

Exhibit 31.1: Certification Of Ceo Pursuant To Section 302

Exhibit 31.2: Certification Of Cfo Pursuant To Section 302

Exhibit 32.1: Certification Of Ceo / Cfo Pursuant To Section 906

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