secwatch.observer — SEC 8-K summary
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Issuer:     National CineMedia, Inc. (NCMI)
CIK:        0001377630
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001377630-24-000075
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

National CineMedia Q1 revenue up 7.2% to $37.4M, net loss narrows; Q2 guidance below prior year
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- Revenue $37.4M (up 7.2% YoY); operating loss improved to $22.7M from $30.6M.
- Net loss $34.7M ($0.36 diluted loss) vs $45.5M ($3.13 loss) a year ago; adjusted loss $0.19/share.
- Adjusted OIBDA improved to -$5.7M from -$10.9M; highest free cash flow in 15 quarters.
- Q2 2024 guidance: revenue $49.5M-$51.5M (vs $64.4M Q2 2023), Adj. OIBDA $3.5M-$4.5M (vs $12.5M).
- Upfront revenue up 16%, scatter revenue doubled; total revenue per attendee up 26% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1377630/000137763024000075/0001377630-24-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1377630/000137763024000075/ncmllc-20240506.htm
  HTML page:      https://secwatch.observer/filing/0001377630-24-000075

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