Cinedigm (CIDM) Misses Q4 EPS by 7c, Announces $5M Buyback
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June 29, 2015 4:05 PM EDT
Company has over 1 million app installations across all its OTT
channels
LOS ANGELES--(BUSINESS WIRE)--
Cinedigm Corp. (NASDAQ: CIDM) today announced financial results for the
fourth quarter and full year fiscal 2015 which ended March 31, 2015.
Results Include:
Fourth Quarter Results:
Fourth quarter consolidated revenues were $27.6 million
Fourth quarter non-deployment revenues (entertainment and services)
were $15.7 million
Fourth quarter consolidated adjusted EBITDA was $12.3 million
Fourth quarter non-deployment adjusted EBITDA was $0.9 million
... More
June 29, 2015 4:05 PM EDT
LOS ANGELES--(BUSINESS WIRE)--
Cinedigm Corp. (NASDAQ: CIDM) today announced that its Board of
Directors has approved a stock repurchase program authorizing the
Company to repurchase up to an aggregate of $5 million of its
outstanding Class A common stock.
The authorization of a stock repurchase program reflects the Board and
management teams confidence in Cinedigms long-term strategy and growth
prospects as well as a commitment to delivering increased value and
returning capital to stockholders, said Cinedigm Chairman and CEO Chris
McGurk.
Under the program authorized by its Board of Directors,... More
