NASDAQ$CNVS

Cinedigm Corp · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported a decrease in revenue due to decline in legacy Cinema Equipment business and COVID-19 impacts, offset by growth in OTT / streaming revenues.

Cinedigm reported a revenue of $7.2 million, a 30% decrease compared to the prior year. The company experienced a net loss of $26.6 million. However, OTT AVOD Channel revenues increased by 45% year-over-year.

  • Total quarterly revenues reached $7.2 million.
  • OTT channel streaming revenues increased by 47% year-over-year.
  • Ad-supported OTT revenues increased by 45% year-over-year.
  • Total monthly ad-supported viewers reached 15.2 million, a 238% increase year-over-year.

Headline financials

Total Revenue

$7.18M

Previous: $10.2M-29.9%
EPS (adj)

-$0.23

Previous: -$0.08-187.5%
Capital Expenditures

-$111K

Previous: $0.00
Free Cash Flow

-$12.9M

Previous: $3.8M-439.1%
Net Income

-$26.5M

Previous: -$3.1M-757.6%
Operating Income

-$5.06M

Previous: -$1.09M-362.9%
Gross Profit

$2.85M

Previous: $6.15M-53.7%
Cash & Equivalents

$16.5M

Previous: $13.7M+20.8%
Total Assets

$86.8M

Previous: $92.5M-6.1%
Stock-Based Comp

$1.04M

No prior period

Revenue & EPS history

Cinedigm · Revenue · Quarterly

$7.18M

Q2 2021-29.9%vs Q2 2020
Beat estimate in 3 of 9 quarters(33%)
ActualEstimate

Forward guidance

The company anticipates revenue growth to accelerate into the fiscal third quarter, driven by additional channel launches, platform/device expansion, enhanced digital sales, recovery in the advertising market and continued demand by all the streaming platforms for digital content

Tailwinds

  • Additional channel launches
  • Platform/device expansion
  • Enhanced digital sales
  • Recovery in the advertising market
  • Continued demand by all the streaming platforms for digital content

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+1.8%

Avg return

Earnings day

-1.9%

Avg return

5 days after

-4.9%

Avg return

30 days after

60%

24 / 40 earnings

Positive

+51.6%

Q3 2024

Best reaction

-21.7%

Q4 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+9.6%+14.8%-14.4%
Q2 2026+0.0%+1.7%-5.8%
Q1 2026-13.4%-18.0%-42.3%
Q4 2025+14.8%+36.4%+39.0%
Q3 2025-6.7%+2.9%-18.3%
Q2 2025-3.0%+43.3%+33.2%
Q1 2025+1.2%+5.0%+5.0%
Q4 2024+1.1%-5.6%-9.0%
Q3 2024+51.6%-0.6%-19.4%
Q2 2024+1.8%-1.8%+0.9%
Q1 2024+4.7%-1.6%-1.6%
Q4 2023+4.1%-15.8%-28.1%
Q3 2023-8.3%-23.3%-21.7%
Q2 2023-1.6%-24.6%-21.3%
Q1 2023-1.3%-23.4%-29.9%
Q4 2022+7.7%-21.5%-12.3%
Q3 2022-3.7%+3.7%-15.9%
Q2 2022+2.8%-24.0%-40.1%
Q1 2022+4.9%+6.4%+20.2%
Q4 2021+2.5%-4.5%+12.1%
Q3 2021-3.0%-28.9%-17.8%
Q2 2021+10.0%-1.7%+36.7%
Q1 2021-14.6%-30.5%-44.5%
Q4 2020-0.5%-6.2%-29.7%
Q3 2020-5.5%-1.8%-36.4%
Q2 2020+3.4%+4.6%-13.8%
Q1 2020+0.8%-2.4%-23.4%
Q4 2019-4.1%+0.8%+0.8%
Q3 2019+14.3%+17.1%+73.3%
Q2 2019+2.3%-12.6%-12.6%
Q1 2019+5.5%-4.1%-9.0%
Q4 2018+0.0%+2.0%-1.3%
Q3 2018+3.2%-0.8%+4.8%
Q2 2018+0.7%+7.3%+8.8%
Q1 2018+1.3%-3.3%-1.3%
Q4 2017-8.0%-22.6%-33.2%
Q3 2017+7.2%+28.0%+11.2%
Q2 2017+3.8%+8.9%-9.5%
Q1 2017+7.1%-10.3%-23.2%
Q4 2016-21.7%+30.4%+94.8%
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2013
Q2 2014
Q2 2013
Q4 2013
Q2 2012
Q1 2012
Q1 2013
Q4 2012
Q2 2011
Q4 2011
Q1 2011

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