secwatch.observer — SEC 8-K summary
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Issuer:     Cineverse Corp. (CNVS)
CIK:        0001173204
Form:       8-K
Filed at:   2023-06-29T23:59:59+00:00
Accession:  0000950170-23-030818
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cineverse reports FY 2023 revenue $68M (+21%), net loss $(10.1)M; issues FY 2024 EBITDA guidance $2-4M
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- Full-year revenue $68.0M (+21.4% YoY); Streaming revenue $32.2M (+58.5%); Content & Entertainment $56.0M (+47.7%).
- Net loss $(10.1)M ($(1.13)/diluted share) vs prior-year net income $1.8M ($0.20).
- Q4 FY2023 rev $12.5M (down from $16.9M); net loss $(3.2)M ($(0.35)/share).
- FY2024 guidance: rev $62-70M (95%+ C&E), gross margin 45-50%, adjusted EBITDA $2-4M vs $(8.6)M loss.
- Record 3.0B streaming minutes; subscribers 1.24M (+28%); Screambox subs up 438% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173204/000095017023030818/0000950170-23-030818-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173204/000095017023030818/cnvs-20230629.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-030818

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