Cineverse Q1 FY2024 rev $13.0M, operating loss narrows 40.7% to $2.7M

Cineverse Corp.

2024-Q1 EPS reported -$0.37 revenue$12,980,000

Total revenues $13.0M vs $13.6M YoY; streaming/digital/podcast revenue record $10.5M (+5.8%).
Paid subscription streaming revenue up 44.7% to $3.2M; subscribers 1.21M (+38%).
Net loss improved to $(3.6)M ($(0.37)/share) from $(6.1)M ($(0.69)/share).
No long-term debt; cash $12.1M; content library appraised $26-30M vs book $2.9M.
Launched MatchpointAI platform; expanded partnerships; India offshoring unit expected to cut SG&A.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Cineverse Corp. reported the fiscal first quarter ended June 30, 2023 results: revenue $13.0 million, EPS $(0.37) per share. Guidance reaffirmed.

Period: the fiscal first quarter ended June 30, 2023
Revenue: $13.0 million
EPS: $(0.37) per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Total revenues were $13.0 million, compared to $13.6 million

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Source: SEC EDGAR

accession 0000950170-23-042413

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