Image Entertainment (DISK) Reports a Q4 & FY09 Loss
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Image Entertainment, Inc. (NASDAQ: DISK) reports a Q4 loss of $0.15 compared to a loss of $0.68 for the same period last year. Revenues increased 2.3% to $26.6 million, compared to $26.0 million for Q4 of fiscal 2008.
Net revenues from digital distribution increased 177% to $1.5 million, from $535,000 for Q4 of fiscal 2008.
Fiscal 2009 Financial Summary:
Net loss was ($1,804,000), or ($0.08) per diluted share, compared to a net loss of ($23,053,000), or ($1.06) per diluted share, for fiscal 2008.
Net revenues increased 36% to $130.7 million, compared to $95.8 million for fiscal 2008.[SM]
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