{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-063787","form_type":"8-K","ticker":"CNVS","cik":"0001173204","company_name":"Cineverse Corp.","filed_at":"2023-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.411914+00:00","generated_at":"2026-06-08T03:13:37.919587+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Cineverse Q2 FY2024: Revenue $13M, EBITDA $2.4M, operating margin 64% vs 42%","bullets":["Total revenue $13.0M vs $14.0M prior year; subscription revenue up 52% to $3.5M; paid subscribers up 32% to 1.24M.","Operating expenses down 34% to $12.4M; SG&A down 29%; net loss narrowed to $(0.4)M from $(5.8)M.","Adjusted EBITDA increased to $2.4M from loss of $(1.3)M; operating profit positive at $0.6M vs loss of $(4.7)M.","Cash $8.6M; digital content library appraised at $26-30M vs book value $2.8M; equity $45.9M.","Launched India offshore unit targeting $8M annual cost savings; expanded Matchpoint PaaS and AI partnerships."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-063787","json":"https://secwatch.observer/filing/0000950170-23-063787.json","markdown":"https://secwatch.observer/filing/0000950170-23-063787.md","text":"https://secwatch.observer/filing/0000950170-23-063787.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1173204/000095017023063787/0000950170-23-063787-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1173204/000095017023063787/cnvs-20231114.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T03:13:37.919587+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6df76754cb9eccaaf2b9d60307ad468f4e0a2845","claim":"Cineverse Corp. reported the fiscal second quarter ended September 30, 2023 results: revenue $13.0 million, net income $(0.4) million, or $(0.04) per share.","evidence_excerpt":"any general incorporation language in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Cineverse Reports Second Quarter Fiscal Year 2024 Results Total Revenue of $13.0 Million Total Direct Operating Margin Increased to 64% from 42% Recurring Direct Operating Margin Increased to 56% from 30% Operating Expenses Decreased by $6.3 Million, or 34% Adjusted","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1173204/000095017023063787/0000950170-23-063787-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal second quarter ended September 30, 2023"},{"label":"Revenue","value":"$13.0 million"},{"label":"Net income","value":"$(0.4) million, or $(0.04) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}