Qumu Corporation (QUMU) financial statements (2022 and earlier)

Company profile

Business Address 400 SOUTH 4TH STREET
MINNEAPOLIS, MN 55415
State of Incorp. MN
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 11,87810,6398,6367,69010,36413,321
Cash and cash equivalents 11,87810,6398,6367,69010,3647,072
Short-term investments      6,249
Receivables 6,0914,5866,2785,5297,49511,257
Inventory, net of allowances, customer advances and progress billings 184350191227204250
Inventory 184350191227204250
Prepaid expense     317659
Contract with customer, asset 4671,089485
Other undisclosed current assets 2,1181,9692,3281,7592,2663,142
Total current assets: 20,73818,63317,91815,20520,64628,629
Noncurrent Assets
Operating lease, right-of-use asset 332 
Property, plant and equipment 2495965459111,8272,942
Intangible assets, net (including goodwill) 9,59810,27811,21813,68514,85919,135
Goodwill 7,4557,2036,9717,3906,7498,103
Intangible assets, net (excluding goodwill) 2,1433,0754,2476,2958,11011,032
Deferred income tax assets 19 
Other noncurrent assets 4904425444,3984,8273,649
Deferred tax assets, net215577  
Other undisclosed noncurrent assets  1,746  7057
Total noncurrent assets: 10,68813,08312,36219,07121,58325,783
TOTAL ASSETS: 31,42631,71630,28034,27642,22954,412
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 2,1451,1651,5481,8242,3614,014
Employee-related liabilities 2,1451,1651,5481,8242,3614,014
Deferred revenue 12,918 
Debt 1,9101571521,047508502
Deferred rent credit   45
Derivative instruments and hedges, liabilities 2,9102,9392,798819893 
Disposal group, including discontinued operation      50
Deferred revenue and credits9,1049,27510,683
Other undisclosed current liabilities 3,77313,54312,5103,8782,3943,864
Total current liabilities: 23,65617,80417,05316,67215,43119,113
Noncurrent Liabilities
Long-term debt and lease obligation 629833,4887,6086,787519
Long-term debt, excluding current maturities   3,4317,6056,617 
Finance lease, liability 75 
Capital lease obligations83573170519
Operating lease, liability 554 
Liabilities, other than long-term debt 4,2562,0342,7348041,4354,023
Deferred revenue and credits6481,1353,213
Accounts payable and accrued liabilities 608585563369
Deferred revenue 3,488 
Contract with customer, liability1,4491,672
Deferred rent credit   302
Deferred tax liabilities, net2153294575
Other liabilities 160 195  226
Other undisclosed noncurrent liabilities  1,587    
Total noncurrent liabilities: 4,8853,7046,2228,4128,2224,542
Total liabilities: 28,54121,50823,27525,08423,65323,655
Stockholders' equity
Stockholders' equity attributable to parent 2,88510,2087,0059,19218,57630,757
Common stock 13813696949292
Additional paid in capital 79,48978,06169,07268,03566,86465,484
Accumulated other comprehensive loss (2,414)(2,861)(3,288)(2,740)(3,907)(1,521)
Accumulated deficit (74,328)(65,128)(58,875)(56,197)(44,473)(33,298)
Total stockholders' equity: 2,88510,2087,0059,19218,57630,757
TOTAL LIABILITIES AND EQUITY: 31,42631,71630,28034,27642,22954,412

Income statement (P&L) ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 29,07225,36225,01328,16731,68234,454
Revenue, net28,16731,68234,454
Cost of revenue
(Cost of Goods and Services Sold)
 (8,353)(7,059)(8,493)(10,262)(12,360)(17,499)
Gross profit: 20,71918,30316,52017,90519,32216,955
Operating expenses (28,023)(23,613)(23,433)(26,776)(30,683)(46,359)
Operating loss: (7,304)(5,310)(6,913)(8,871)(11,361)(29,404)
Nonoperating income (expense) (2,202)(1,327)3,594(3,211)(66)(124)
Investment income, nonoperating (1,826)(141)36874  
Other nonoperating income (expense) (406)(125)(378)(433)84(131)
Interest and debt expense (7)(348)(1,189)   
Other undisclosed income from continuing operations before equity method investments, income taxes 73481,189   
Loss from continuing operations before income taxes: (9,506)(6,637)(3,319)(12,082)(11,427)(29,528)
Income tax expense (benefit) 306194(298)358252839
Loss before gain (loss) on sale of properties: (9,200)(6,443)(3,617)(11,724)(11,175)(28,689)
Other undisclosed net loss      (10)
Net loss available to common stockholders, basic: (9,200)(6,443)(3,617)(11,724)(11,175)(28,699)
Other undisclosed net loss available to common stockholders, diluted (294)(105)(161) (137) 
Net loss available to common stockholders, diluted: (9,494)(6,548)(3,778)(11,724)(11,312)(28,699)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss: (9,200)(6,443)(3,617)(11,724)(11,175)(28,699)
Other comprehensive income (loss) 447427(543)1,167(2,386)(736)
Comprehensive loss, net of tax, attributable to parent: (8,753)(6,016)(4,160)(10,557)(13,561)(29,435)

Statements sources

The financial statements are based on the company's filings with the 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.

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