Cinedigm Reports Third Quarter Fiscal 2020 Financial Results
Cinedigm Corp - Class A (CIDM)
Last cinedigm corp - class a earnings: 2/13 04:05 pm
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Source: GlobeNewswire
Net Loss of $2.3 Million Narrowed By 33% Year Over Year, And By 63% Excluding Non-recurring Charges OTT/Streaming Revenues Increase 95%; Monthly Active Ad-Supported Streaming Viewers Reach 5.6 Million, Up 24.4% this Quarter LOS ANGELES, Feb. 18, 2020 (GLOBE NEWSWIRE) -- Cinedigm Corp. (NASDAQ: CIDM) today announced its financial results for the three- and nine-month periods ended December 31, 2019. Key Third Quarter FY 2020 Financial Results: Consolidated revenues were $11.5 million- OTT/streaming revenues were up 95% year-over-year- Strong OTT Channel revenues, primarily Advertising Video on Demand (AVOD) revenues, drove the majority of this growthNet loss to common stockholders of $2.3 million, a narrowing of 33% year-over-year, and a reduction of 63% year-over-year excluding non-recurring chargesAdjusted EBITDA of $2.7 millionTotal debt has been reduced $12.5 million fiscal year-to-date Key Business Highlights*: Entered into a stock purchase agreement to purchase approximat
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