Cinedigm (CIDM) Tops Q1 EPS by 55c

Cinedigm (NASDAQ: CIDM) reported Q1 EPS of ($0.70), $0.55 better than the analyst estimate of ($1.25). Revenue for the quarter came in at $22.5 million versus the consensus estimate of $21.06 million.

Adjusted EBITDA (including the results of Phase 1 and Phase II Deployments segments) increased 31% compared to the three months ended June 30, 2015. Adjusted EBITDA from our non-deployment businesses was a loss of $1.2 million during the three months ended June 30, 2016, compared to a loss of $2.3 million for the three months ended June 30, 2015. The increase in adjusted EBITDA compared to the prior period primarily reflects lower operating expenses in our Content & Entertainment business and at Corporate due to our cost cutting measures implemented during the third quarter of fiscal year 2016.

For earnings history and earnings-related data on Cinedigm (CIDM) click here.

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