Cinedigm Corp (NASDAQ:CIDM) is set to announce second quarter earning results on Monday 16th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, CIDM to report 2Q21 loss of $ 0.06 per share from revenue of $ 7.05 million.
For the full year, analysts anticipate top line of $ 34.45 million, while looking forward to loss of $ 0.28 per share bottom line.
Previous Quarter Performance
Cinedigm Corp unveiled loss for the first quarter of $ 0.21 per share, from the revenue of $ 6.02 million.
Stock Performance
On Friday, shares of Cinedigm Corp has traded high as $ 0.60 and has cracked $ 0.55 on the downward trend, reaching $ 0.60 with volume of 2.97 million shares.
According to the previous trading day, closing price of $ 0.60, representing a 124.00 % increase from the 52 week low of $ 0.25 and a 90.67 % decrease over the 52 week high of $ 6.00.
The company has a market capital of $ 72.99 million and is part of the Consumer Cyclical sector and Media – Diversified industry.
Conference Call
Cinedigm Corp will be hosting a conference call at 4:30 PM eastern time on 16th November 2020, to discuss its 2Q21 financial results with the investment community. The participants may dial, (877) 407-9124 (United States) or (201) 689-8584 Toll Number in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.cinedigm.com
Cinedigm Corp., together with its subsidiaries, operates as distributor and aggregator of independent movie, television, and other short form content primarily in the United States. The company operates through four segments: The First Digital Cinema Deployment, The Second Digital Cinema Deployment, Digital Cinema Services, and Media Content and Entertainment Group. It manages a library of distribution rights to various titles and episodes released across digital, physical, and home and mobile entertainment platforms, as well as services digital cinema assets on approximately 12,000 domestic and foreign movie screens.
