secwatch.observer — SEC 8-K summary
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Issuer:     Cineverse Corp. (CNVS)
CIK:        0001173204
Form:       8-K/A
Filed at:   2023-08-15T23:59:59+00:00
Accession:  0000950170-23-042883
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cineverse Q1 FY2024: revenue $13.0M, streaming record $10.5M, net loss narrows to $3.6M
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- Revenue $13.0M (down 4.4% YoY); streaming/digital/podcast revenue record $10.5M, up 5.8%.
- Subscription streaming revenue up 44.7% to $3.2M; subscribers 1.21M (+38%).
- Operating loss narrowed 40.7% to $2.7M; net loss $(3.6)M or $(0.37)/share vs $(6.1)M.
- No long-term debt; cash $12.1M; content library appraised $26-30M vs book value $2.9M.
- FY2024 guidance reaffirmed: revenue $62-70M, direct margin 45-50%, adjusted EBITDA $2-4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173204/000095017023042883/0000950170-23-042883-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173204/000095017023042883/cnvs-20230814.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-042883

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