What You Must Know About Stock? Cinedigm Corp. (NASDAQ: CIDM)

Cinedigm Corp. (NASDAQ: CIDM) changed -10.71% to recent value of $0.76. The stock transacted 4257407 shares during most recent day however it has an average volume of 2262.49K shares. It spotted trading -71.14% off 52-week high price. On the other end, the stock has been noted 203.60% away from the low price over the last 52-weeks.

Cinedigm Corp. (CIDM) recently reported its financial results for the 3-month and 12-month periods ended March 31, 2020.

Fiscal Year 2020 Financial Summary (comparing the 12 months ended March 31, 2020 to the 12 months ended March 31, 2019)

Revenue was $39.3M, a decrease of 27% contrast to $53.5M in the previous fiscal year, Because of the predictable decline in the legacy Cinema Equipment business. This was partially offset by growth in OTT / streaming revenues.  Overall OTT/streaming revenues, including digital content licensing, were up 31%, with OTT Channel revenues, particularly AVOD, growing 59%. At $24.4M in FY2020 sales billings, streaming related revenues now represent over 50% of the Company’s core entertainment business.

Total operating expenses were $43.6M, contrast to $59.1M, a decrease of $15.5M, or 26%, which was primarily driven by lower selling, general and administrative expenses and lower depreciation and amortization expense. Selling, general and administrative expenses for fiscal year 2020 were $16.3M contrast to $27.7M in the previous fiscal year, a decrease of $11.4M, or 41%. Amortization of intangible assets was $ 2.8M for fiscal year 2020 contrast to $5.6M in the previous fiscal year, a decrease of $2.8, or 51%.

The Company stated a net loss of $14.7M for fiscal year 2020 contrast to a net loss of $16.3M in fiscal year 2019. After giving effect to preferred stock dividends of $0.4M, the net loss to ordinary stockholders was $15.1M, or ($0.34) per basic and diluted share, based on a weighted average of 44.0M shares outstanding. In comparison, for fiscal year 2019, after giving effect to preferred stock dividends of $0.4M, net loss to ordinary stockholders was $16.6M, or ($0.44) per basic and diluted share based on a weighted average of 37.9M shares outstanding.

For fiscal year 2020, Adjusted EBITDA was $6M, contrast to $11.7M in the year-before period. The decrease was Because of the predictable reduction in the legacy Cinema Equipment business. Q4 2020 EBITDA for the core streaming and content distribution business was $0.7M, a $3.5M or 125% increase from Q4 2019.

CIDM has a gross margin of 60.40% and an operating margin of -15.80% while its profit margin remained -38.70% for the last 12 months. Its earnings per share (EPS) expected to touch remained 12.90% for this year while earning per share for the next 5-years is expected to reach at 10.00%.

 

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