NASDAQ$CNVS

Cinedigm Corp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported strong financial results with streaming channel revenues up 85% year-over-year and ad-supported streaming channel revenues up 150% year-over-year.

Cinedigm reported a decrease in revenue to $10.0 million, a net loss of $9.7 million, and an adjusted EBITDA of $0.9 million for Q3 2021. However, the company's streaming business showed significant growth, with advertising-based channel revenues increasing by 150% year-over-year. The company also reduced its total debt by $25.7 million compared to the previous year and has $26.2 million in cash and cash equivalents.

  • Streaming channel revenues increased by 85% year-over-year.
  • Ad-supported streaming channel revenues increased by 150% year-over-year.
  • The company reported a consolidated net loss of $9.7 million.
  • Cash and cash equivalents totaled $26.2 million as of December 31, 2020.

Headline financials

Total Revenue

$9.95M

Previous: $11.5M-13.5%
EPS (adj)

-$0.07

Previous: -$0.05-40.0%
Capital Expenditures

-$339K

Previous: -$367K+7.6%
Free Cash Flow

-$17.1M

Previous: $4.95M-445.7%
Net Income

-$9.64M

Previous: -$2.17M-344.6%
Operating Income

-$1.28M

Previous: $611K-309.7%
Gross Profit

$5.57M

Previous: $5.79M-3.8%
Cash & Equivalents

$26.2M

Previous: $14.5M+81.1%
Total Assets

$91.7M

Previous: $95.7M-4.2%
Stock-Based Comp

$960K

No prior period

Revenue & EPS history

Cinedigm · Revenue · Quarterly

$9.95M

Q3 2021-13.5%vs Q3 2020
Beat estimate in 3 of 10 quarters(30%)
ActualEstimate

Forward guidance

No specific forward guidance was provided in the release.

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 Q3 2021

Historical avgQ3 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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