secwatch.observer — SEC 8-K summary
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Issuer:     Cineverse Corp. (CNVS)
CIK:        0001173204
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0001213900-22-072474
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 5.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cinedigm CEO reports FY2022 revenue up 78% to $56.1M, net income of $1.8M
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- FY2022 streaming revenue +108%, ad-supported +147%; adjusted EBITDA $11M vs -$2.9M prior year.
- Terrifier 2 grossed >$10M at box office; drove Screambox subscriptions +295%.
- Q1 FY2023 streaming revenue +98%, ad-supported +131% on a two-year basis.
- No debt, $13M cash; Cineverse launched with 12,000+ titles as flagship streaming service.
- Expects sustainable profitability over next two quarters; no impact from Terrifier 2 in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173204/000121390022072474/0001213900-22-072474-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173204/000121390022072474/ea168408-8k_cinedigm.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-072474

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