Consolidated Revenues of $14.1 Million Up 42% Over Prior Year
Streaming Revenues Up 104% Over Prior Year
Ad-Supported Streaming Revenues Up 100% Over Prior Year
Subscription Streaming Revenues Up 109% Over Prior Year
Net Income of $4.3 Million Year-to-Date or $0.03 Per Share
LOS ANGELES, CA / ACCESSWIRE / February 14, 2022 / Cinedigm Corp. ("Cinedigm" or "the Company") (NASDAQ:CIDM), a premier streaming technology and entertainment company super-serving enthusiast fan bases, today announced its financial results for the three and nine-month periods ended December 31, 2021.
"We had our strongest results ever in streaming this quarter, registering triple-digit growth for the fourth quarter in row," said Chris McGurk, Chairman and CEO of Cinedigm. "We have a unique strategy and portfolio business model in technology, content and streaming that provides multiple revenue streams to fuel this record growth and separates us from others in the space. We also have a strong balance sheet with zero debt and are profitable year-to-date. Clearly, we continue to fire on all cylinders."