Qumu Corporation (QUMU) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
400 SOUTH 4TH STREET MINNEAPOLIS, MN 55415 |
| State of Incorp. | MN |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2022 MRQ | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 20,563 | 11,878 | 10,639 | 8,636 | 7,690 | 10,364 | |||
| Cash and cash equivalents | 20,563 | 11,878 | 10,639 | 8,636 | 7,690 | 10,364 | |||
| Receivables | 4,265 | 6,091 | 4,586 | 6,278 | 5,529 | 7,495 | |||
| Inventory, net of allowances, customer advances and progress billings | 164 | 184 | 350 | 191 | 227 | 204 | |||
| Inventory | 164 | 184 | 350 | 191 | 227 | 204 | |||
| Prepaid expense | 317 | ||||||||
| Contract with customer, asset, after allowance for credit loss | 446 | 467 | 1,089 | 485 | ✕ | ✕ | |||
| Other undisclosed current assets | 2,020 | 2,118 | 1,969 | 2,328 | 1,759 | 2,266 | |||
| Total current assets: | 27,458 | 20,738 | 18,633 | 17,918 | 15,205 | 20,646 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 146 | 332 | ✕ | ✕ | ✕ | ||||
| Property, plant and equipment | 337 | 249 | 596 | 545 | 911 | 1,827 | |||
| Intangible assets, net (including goodwill) | 8,776 | 9,598 | 10,278 | 11,218 | 13,685 | 14,859 | |||
| Goodwill | 7,388 | 7,455 | 7,203 | 6,971 | 7,390 | 6,749 | |||
| Intangible assets, net (excluding goodwill) | 1,388 | 2,143 | 3,075 | 4,247 | 6,295 | 8,110 | |||
| Deferred income tax assets | 17 | 19 | ✕ | ✕ | ✕ | ||||
| Other noncurrent assets | 362 | 490 | 442 | 544 | 4,398 | 4,827 | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 21 | 55 | 77 | |||
| Other undisclosed noncurrent assets | 1,746 | 70 | |||||||
| Total noncurrent assets: | 9,638 | 10,688 | 13,083 | 12,362 | 19,071 | 21,583 | |||
| TOTAL ASSETS: | 37,096 | 31,426 | 31,716 | 30,280 | 34,276 | 42,229 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,725 | 2,145 | 1,165 | 1,548 | 1,824 | 2,361 | |||
| Employee-related liabilities | ✕ | 1,725 | 2,145 | 1,165 | 1,548 | 1,824 | 2,361 | ||
| Deferred revenue | 10,862 | 12,918 | ✕ | ✕ | ✕ | ||||
| Debt | 55 | 1,910 | 157 | 152 | 1,047 | 508 | |||
| Deferred rent credit | 45 | ✕ | ✕ | ||||||
| Derivative instruments and hedges, liabilities | 801 | 2,910 | 2,939 | 2,798 | 819 | 893 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 9,104 | 9,275 | ||
| Other undisclosed current liabilities | 8,786 | 3,773 | 13,543 | 12,510 | 3,878 | 2,394 | |||
| Total current liabilities: | 22,229 | 23,656 | 17,804 | 17,053 | 16,672 | 15,431 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 134 | 629 | 83 | 3,488 | 7,608 | 6,787 | |||
| Long-term debt, excluding current maturities | 3,431 | 7,605 | 6,617 | ||||||
| Capital lease obligations | ✕ | ✕ | ✕ | 83 | 57 | 3 | 170 | ||
| Finance lease, liability | 113 | 75 | ✕ | ✕ | ✕ | ||||
| Liabilities, other than long-term debt | 2,137 | 4,256 | 2,034 | 2,734 | 804 | 1,435 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 648 | 1,135 | ||
| Accounts payable and accrued liabilities | 630 | 608 | 585 | 563 | 3 | 6 | |||
| Deferred revenue | 1,507 | 3,488 | ✕ | ✕ | ✕ | ||||
| Contract with customer, liability | ✕ | ✕ | ✕ | 1,449 | 1,672 | ✕ | ✕ | ||
| Deferred rent credit | 302 | ✕ | ✕ | ||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | 2 | 153 | 294 | ||
| Other liabilities | 160 | 195 | |||||||
| Operating lease, liability | 21 | 554 | ✕ | ✕ | ✕ | ||||
| Other undisclosed noncurrent liabilities | 1,587 | ||||||||
| Total noncurrent liabilities: | 2,271 | 4,885 | 3,704 | 6,222 | 8,412 | 8,222 | |||
| Total liabilities: | 24,500 | 28,541 | 21,508 | 23,275 | 25,084 | 23,653 | |||
| Equity | |||||||||
| Equity, attributable to parent | 12,596 | 2,885 | 10,208 | 7,005 | 9,192 | 18,576 | |||
| Common stock | 178 | 138 | 136 | 96 | 94 | 92 | |||
| Additional paid in capital | 105,655 | 79,489 | 78,061 | 69,072 | 68,035 | 66,864 | |||
| Accumulated other comprehensive loss | (2,544) | (2,414) | (2,861) | (3,288) | (2,740) | (3,907) | |||
| Accumulated deficit | (90,693) | (74,328) | (65,128) | (58,875) | (56,197) | (44,473) | |||
| Total equity: | 12,596 | 2,885 | 10,208 | 7,005 | 9,192 | 18,576 | |||
| TOTAL LIABILITIES AND EQUITY: | 37,096 | 31,426 | 31,716 | 30,280 | 34,276 | 42,229 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 24,022 | 29,072 | 25,362 | 25,013 | 28,167 | 31,682 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 28,167 | 31,682 | |
| Cost of revenue (Cost of Goods and Services Sold) | (6,168) | (8,353) | (7,059) | (8,493) | (10,262) | (12,360) | ||
| Gross profit: | 17,854 | 20,719 | 18,303 | 16,520 | 17,905 | 19,322 | ||
| Operating expenses | (36,149) | (28,023) | (23,613) | (23,433) | (26,776) | (30,683) | ||
| Operating loss: | (18,295) | (7,304) | (5,310) | (6,913) | (8,871) | (11,361) | ||
| Nonoperating income (expense) | 1,538 | (2,202) | (1,327) | 3,594 | (3,211) | (66) | ||
| Investment income, nonoperating | 1,549 | (1,826) | (141) | 368 | 74 | |||
| Other nonoperating income (expense) | 2 | (406) | (125) | (378) | (433) | 84 | ||
| Interest and debt expense | (11) | (7) | (348) | (1,189) | ||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 7 | 348 | 1,189 | |||||
| Loss from continuing operations before equity method investments, income taxes: | (16,768) | (9,506) | (6,637) | (3,319) | (12,082) | (11,427) | ||
| Other undisclosed income from continuing operations before income taxes | 11 | |||||||
| Loss from continuing operations before income taxes: | (16,757) | (9,506) | (6,637) | (3,319) | (12,082) | (11,427) | ||
| Income tax expense (benefit) | 392 | 306 | 194 | (298) | 358 | 252 | ||
| Loss from continuing operations: | (16,365) | (9,200) | (6,443) | (3,617) | (11,724) | (11,175) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (16,365) | (9,200) | (6,443) | (3,617) | (11,724) | (11,175) | |
| Net loss available to common stockholders, basic: | (16,365) | (9,200) | (6,443) | (3,617) | (11,724) | (11,175) | ||
| Other undisclosed net loss available to common stockholders, diluted | (1,548) | (294) | (105) | (161) | (137) | |||
| Net loss available to common stockholders, diluted: | (17,913) | (9,494) | (6,548) | (3,778) | (11,724) | (11,312) | ||
Comprehensive Income ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (16,365) | (9,200) | (6,443) | (3,617) | (11,724) | (11,175) | ||
| Other comprehensive income (loss) | (130) | 447 | 427 | (543) | 1,167 | (2,386) | ||
| Comprehensive loss, net of tax, attributable to parent: | (16,495) | (8,753) | (6,016) | (4,160) | (10,557) | (13,561) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.