Cinedigm Announces Third Quarter Fiscal 2018 Financial Results
Cinedigm Corp - Class A (CIDM)
Last cinedigm corp - class a earnings: 2/13 04:05 pm
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investor.cinedigm.com
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Source: GlobeNewswire
LOS ANGELES, Feb. 14, 2018 (GLOBE NEWSWIRE) -- Cinedigm Corp. (NASDAQ:CIDM) today announced financial results for the third quarter Fiscal Year 2018, which ended December 31, 2017. Financial Summary Results for Third Quarter 2018: Consolidated revenues were $18.5 millionContent and Entertainment revenues were $10.0 millionConsolidated net debt reduction for the quarter and year to date is $42.0 million and $65.3 million respectively Third Quarter Highlights On November 1st, 2017, Cinedigm closed the previously announced $30 million Bison Capital investment in Cinedigm. Bison Capital now beneficially owns a majority of the outstanding Class A Common Stock On November 20th, 2017, the Company received CFIUS approval for the Bison transactionIn the first week of November, the Company eliminated the entire remaining Convertible Notes on the balance sheet, completing the full retirement of all of the $64.0 million in notes issued in 2015 On December 29th, 2017, the Company borrowe
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