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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