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Last $0.66 USD
Change Today +0.01 / 1.54%
Volume 94.8K
CIDM On Other Exchanges
Symbol
Exchange
NASDAQ GM
Berlin
As of 8:10 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

cinedigm corp - a (CIDM) Snapshot

Open
$0.66
Previous Close
$0.65
Day High
$0.67
Day Low
$0.63
52 Week High
07/31/14 - $2.43
52 Week Low
07/7/15 - $0.55
Market Cap
49.2M
Average Volume 10 Days
192.0K
EPS TTM
$-0.26
Shares Outstanding
74.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CINEDIGM CORP - A (CIDM)

cinedigm corp - a (CIDM) Related Businessweek News

No Related Businessweek News Found

cinedigm corp - a (CIDM) Details

Cinedigm Corp., together with its subsidiaries, distributes and aggregates independent movie, television, and other short form content in the United States. The company operates through four segments: Phase I Deployment, Phase II Deployment, Services, and Content & Entertainment. The company is involved in the collection of virtual print fees from motion picture studios and distributors, and alternative content fees from alternative content providers and theatrical exhibitors. It also provides monitoring, billing, collection, verification, and other management services to the company’s Phase I Deployment and Phase II Deployment, as well as to exhibitors, who purchase their own equipment. In addition, the company distributes content in the home entertainment markets through various distribution channels, including digital and video-on-demand, as well as physical goods, including DVD and Blu-ray discs; and theatrical distribution of third party feature movies and alternative content. It manages a library of distribution rights to approximately 50,000 titles and episodes released across digital, physical, theatrical, home, and mobile entertainment platforms, as well as services digital cinema assets in approximately 12,000 movie screens in North America and various international countries. The company was formerly known as Cinedigm Digital Cinema Corp. and changed its name to Cinedigm Corp. in September 2013. Cinedigm Corp. was founded in 2000 and is based in New York, New York.

127 Employees
Last Reported Date: 06/30/15
Founded in 2000

cinedigm corp - a (CIDM) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $850.0K
Chief Operating Officer and Director
Total Annual Compensation: $425.0K
President of Cinedigm Entertainment Corp
Total Annual Compensation: $412.4K
General Counsel, Secretary, Director and Pres...
Total Annual Compensation: $327.5K
Compensation as of Fiscal Year 2015.

cinedigm corp - a (CIDM) Key Developments

Cinedigm Corp. Announces Amendments to its Articles of Incorporation

On June 30, 2015, the Board of Directors of Cinedigm Corp. approved certain amendments to the company's by-laws, effective immediately, to adopt procedures relating to stockholders' action by written consent, the appointment of a chairman at stockholder meetings, and the appointment of an inspector of elections. In connection with these amendments, the company is restating the By-laws in their entirety.

Cinedigm Corp. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended March 31, 2015; Reports Impairment Charges for the Fourth Quarter Ended March 31, 2015; Provides Earnings Guidance for the First Quarter of 2016

Cinedigm Corp. reported consolidated earnings results for the fourth quarter and full year ended March 31, 2015. For the quarter, the company reported revenues of $27,630,000 against $31,664,000 a year ago. Loss from operations was $6,674,000 against income from operations of $4,627,000 a year ago. Loss from continuing operations before benefit from income taxes was $11,639,000 against $465,000 a year ago. Loss from continuing operations was $11,639,000 against $465,000 a year ago. Net loss attributable to common stockholders was $11,115,000 against $3,416,000 a year ago. Basic and diluted loss from continuing operations were $0.14 against $0.01 a year ago. Basic and diluted loss attributable to common shareholders were $0.14 against $0.05 a year ago. Adjusted EBITDA was $12,318,000 against $16,891,000 a year ago. Non-deployment adjusted EBITDA was $0.9 million. Non-deployment revenues decreased to $15.7 million from $20.3 million as compared to the same quarter in the prior year as it terminated contracts with certain high-volume customers that did not meet company minimum financial return requirements and continued to experience lower demand for packaged goods (DVD and Blu-ray) due to changes in consumer purchasing behavior and reduction in shelf space allotted to such products. For the year, the company reported revenues of $105,484,000 against $104,328,000 a year ago. Loss from operations was $8,842,000 against income from operations of $6,386,000 a year ago. Loss from continuing operations before benefit from income taxes was $28,976,000 against $13,960,000 a year ago. Loss from continuing operations was $28,976,000 against $13,960,000 a year ago. Net loss attributable to common stockholders was $31,664,000 against $26,220,000 a year ago. Basic and diluted loss from continuing operations were $0.37 against $0.25 a year ago. Basic and diluted loss attributable to common shareholders were $0.41 against $0.46 a year ago. Adjusted EBITDA was $47,859,000 against $55,667,000 a year ago. Adjusted EBITDA from its non-deployment businesses was $1.2 million for the fiscal year ended March 31, 2015, compared to $9.5 million for the fiscal year ended March 31, 2014 predominantly due to revenue impacts from the factors. The company announced that net revenues look to be on plan for the first quarter. The first quarter is its seasonally slowest, and its goal is to maintain positive non-deployment EBITDA. For the quarter fourth quarter of 2015, goodwill impairment was $6,000,000.

Cinedigm Corp.(NasdaqGM:CIDM) dropped from Russell 2000 Index

Cinedigm Corp. will be removed from Russell 2000 Index

 

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Industry Analysis

CIDM

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Valuation CIDM Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.5x
Price/Book NM Not Meaningful
Price/Cash Flow 4.0x
TEV/Sales NM Not Meaningful
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