NASDAQ$CNVS

Cinedigm Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Cinedigm experienced triple-digit streaming revenue growth, driven by ad-supported streaming business, and maintained a strong financial position for accretive acquisitions.

Cinedigm reported strong second quarter results with triple-digit streaming revenue growth. Ad-supported streaming business led the growth, and the company is in excellent financial condition with no debt and a strong cash position.

  • Second quarter streaming revenues grew by 139% year-over-year.
  • Ad-supported streaming channel revenues increased by 208% in the second quarter year-over-year.
  • Subscription streaming channel revenues increased by 73% in the second quarter year-over-year.
  • Company reiterates the recent long-term goals for the next 3-5 years

Headline financials

Total Revenue

$10.1M

Previous: $7.18M+40.7%
EPS (adj)

$0.00

Previous: -$0.23+100.0%
Capital Expenditures

-$81K

Previous: -$111K+27.0%
Free Cash Flow

$9.28M

Previous: -$12.9M+172.0%
Net Income

-$184K

Previous: -$26.5M+99.3%
Operating Income

-$1.41M

Previous: -$5.06M+72.0%
Gross Profit

$9.3M

Previous: $2.85M+226.2%
Cash & Equivalents

$12.6M

Previous: $16.5M-23.4%
Total Assets

$83.9M

Previous: $86.8M-3.3%

Revenue & EPS history

Cinedigm · Revenue · Quarterly

$10.1M

Q2 2022+40.7%vs Q2 2021
Beat estimate in 6 of 13 quarters(46%)
ActualEstimate

Forward guidance

Cinedigm anticipates continued momentum by broadening its streaming channel portfolio and expanding platform distribution in the upcoming fiscal quarters.

Tailwinds

  • Continuing momentum with triple-digit streaming revenue growth.
  • Broadening robust enthusiast streaming channel portfolio.
  • Expanding platform distribution into the next two fiscal quarters.
  • Strong cash position to continue on pace with accretive acquisitions.
  • Organic growth and M&A will fuel rapid revenue growth.

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 2022

Historical avgQ2 2022

+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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