Brief: Cineverse Reports Fiscal Year 2023 Results, Highlighted By Record Content And Entertainment Revenue Of $56.0 Million, Up 48% Year Over Year

Cineverse

29/06/2023 21:25

June 29 (Reuters) - Cineverse Corp  CNVS.O :
    * CINEVERSE REPORTS FISCAL YEAR 2023 RESULTS, HIGHLIGHTED BY
RECORD CONTENT AND ENTERTAINMENT REVENUE OF $56.0 MILLION, UP
48% YEAR OVER YEAR
    * CINEVERSE CORP - EXPECTS CONSOLIDATED REVENUES OF BETWEEN
$62.0
MILLION AND $70.0 MILLION IN FY 2024
    * CINEVERSE CORP - GROSS MARGIN, EXCESS OF REVENUES OVER
DIRECT
OPERATING COSTS DIVIDED BY REVENUES, IS EXPECTED TO RANGE
BETWEEN 45% TO 50% IN FY 2024
    * CINEVERSE CORP - QTRLY CONSOLIDATED REVENUE WAS $12.5
MILLION,
COMPARED TO $16.9 MILLION
    * CINEVERSE CORP - QTRLY LOSS PER SHARE $0.35

Source text for Eikon:  ID:nPn7cfcJqa 
Further company coverage:  CNVS.O 

 ((Reuters.Brief@thomsonreuters.com;))