Cinedigm (CIDM) Tops Q1 EPS by 55c
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Cinedigm Announces First Quarter Fiscal 2017 Financial Results
August 15, 2016 4:05 PM EDTLOS ANGELES--(BUSINESS WIRE)-- Cinedigm Corp. (NASDAQ: CIDM) today announced financial results for the first quarter of fiscal 2017, which ended June 30, 2016.
Financial Summary
Results for first quarter 2017:
Consolidated revenues were $22.5 million Content and entertainment revenues inclusive of OTT were $6.8 million Consolidated adjusted EBITDA was $10.7 million Non-deployment adjusted EBITDA was ($1.2 million), inclusive of significant investment in the ramp up of OTTHighlights
The Companys Over-The-Top (OTT) channels (Docurama, CONtv, Dove Channel) continue to... More