secwatch.observer — SEC 8-K summary
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Issuer:     Cineverse Corp. (CNVS)
CIK:        0001173204
Form:       8-K
Filed at:   2024-11-14T23:59:59+00:00
Accession:  0000950170-24-127160
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cineverse Q2 revenue ex-Digital Cinema up 20%; Terrifier 3 to add $20M+ next quarter
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- Total revenue $12.7M; excluding $2.4M non-recurring Digital Cinema revenue, core revenue up 20% YoY.
- Direct operating margin 51% (above 45-50% target); net loss $1.4M (-$0.09 EPS) vs $0.4M loss prior year.
- Terrifier 3 theatrical rentals expected to exceed $20M in Q3; no impact in Q2 (released Oct 11).
- Podcast revenue up 98% YoY; FAST viewership up 73%; Dog Whisperer channel licensing revenue $1.6M.
- Cash $2.4M with $2.9M unused credit line; content library valued at ~$40M; share repurchase active.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173204/000095017024127160/0000950170-24-127160-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173204/000095017024127160/cnvs-20241114.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-127160

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