secwatch.observer — SEC 8-K summary
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Issuer:     Cineverse Corp. (CNVS)
CIK:        0001173204
Form:       8-K/A
Filed at:   2023-02-17T23:59:59+00:00
Accession:  0000950170-23-003226
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cinedigm Q3 FY2023 revenue $27.9M (+98% YoY); net income $4.9M vs loss last year
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- Revenue $27.9M, up 98% YoY; net income $4.9M ($0.03 EPS) vs net loss of $0.5M last year.
- Adjusted EBITDA $5.1M, up 279% YoY from $1.3M.
- Streaming revenue $8.9M (+63% YoY); ad-supported up 79%, subscriptions up 38%.
- Paid subscribers reached 1.22M (+28% YoY); streaming minutes 2.14B (+60% YoY).
- Company reiterates long-term targets: 50% streaming revenue growth, $150M annual revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173204/000095017023003226/0000950170-23-003226-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173204/000095017023003226/cidm-20230214.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-003226

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer