Revenue Update on Cinedigm Corp(NASDAQ:CIDM)

Cinedigm Corp(NASDAQ:CIDM) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Jul 14, 2016. Company reported revenue of $23.21M. Analysts estimated a revenue of $25.28M. Earnings per share were $-0.95. Analysts had estimated an EPS of $-1.05.

Cinedigm Corp (CIDM) made into the market gainers list on Mondays trading session with the shares advancing 0.40% or 0.0063 points. Due to strong positive momentum, the stock ended at $1.6, which is also near the day’s high of $1.82. The stock began the session at $1.55 and the volume stood at 6,80,940 shares. The 52-week high of the shares is $7.5 and the 52 week low is $0.9. The company has a current market capitalization of $13 M and it has 78,79,593 shares in outstanding.

Cinedigm Corp. is a distributor and aggregator of independent movie television and other short form content. The Company operates in four segments: the first digital cinema deployment (Phase I Deployment) the second digital cinema deployment (Phase II Deployment) digital cinema services (Services) and media content and entertainment group (Content & Entertainment or CEG). The Phase I Deployment and Phase II Deployment segments are the non-recourse financing vehicles and administrators for its digital cinema equipment installed in movie theatres. CEG focuses its activities in the areas of ancillary market aggregation and distribution of entertainment content; and branded and curated over-the-top digital network business. The Company’s Services segment provides fee-based support movie screens in its Phase I Deployment and Phase II Deployment segments in the form of monitoring billing collection and verification services.

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