Latest news with #CNVS
Globe and Mail
5 days ago
- Business
- Globe and Mail
Cineverse Revenue Jumps 22 Percent in Q1
Key Points Revenue rose 22% from the prior year to $11.1 million, led by streaming and digital distribution growth. Direct operating margin improved to 57%, up 6 percentage points, despite higher operating costs. Losses widened as adjusted EBITDA fell to $(2.1) million, with cash and working capital pressure emerging. These 10 stocks could mint the next wave of millionaires › Cineverse (NASDAQ:CNVS), the streaming technology and media company, reported results on August 14, 2025. The big news: revenue rose to $11.1 million, a 22% increase year over year, fueled by gains across its streaming and theatrical content divisions. Direct operating margin increased to 57%, up from 51% in the prior-year period. However, losses deepened, with adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) declining to $(2.1) million, versus $(1.4) million in the prior year. There were no public analyst estimates for the quarter. Overall, this period showed solid top-line growth and operational momentum, but also highlighted ongoing investment-driven losses and emerging liquidity pressures. Metric Q1 FY 2026(Quarter Ended June 30, 2025) Q1 FY 2025(Quarter Ended June 30, 2024) Y/Y Change EPS (GAAP) $(0.21) $(0.20) (5.0%) Revenue $11.1 million $9.1 million 22.0% Direct Operating Margin 57% 51% 6.0 pp Adjusted EBITDA $(2.1) million $(1.4) million (50.0%) Cash and Cash Equivalents $2.0 million Not disclosed Business Overview and Recent Focus Cineverse operates as a digital streaming and technology company. Its business centers on delivering film, television, and original content over a range of streaming channels. The company develops software for content recommendation and distribution, maintains ownership rights to a library of over 71,000 titles, and runs direct-to-consumer (DTC) streaming services. In recent quarters, Cineverse emphasized scaling its proprietary Matchpoint software platform, expanding its streaming channels, and acquiring perpetual or long-term content rights. The company's key success factors include growing viewership, monetizing content through multi-channel distribution, and deepening technology adoption among enterprise customers and industry partners. Quarter in Detail: Revenue, Strategy, and Operations Streaming and digital revenue led growth again, increasing to $9.1 million, with monthly viewership across all channels up an estimated 38%, totaling over 4 billion minutes streamed. Base distribution revenue, which includes theatrical and DVD sales, surged 192% from the prior year to $1.0 million. Management directly attributed the large increase in Q4 FY2025 to strong performance from the Terrifier 3 film release. Direct operating margin rose to 57%, up 6 percentage points from the prior-year period. That said, profitability remained under pressure. The company's net loss (GAAP) widened to $(3.6) million, or $(0.21) per share. Adjusted EBITDA, a non-GAAP measure of operating earnings before interest, taxes, depreciation, and amortization, declined to $(2.1) million, falling 50% from the previous year's level. Management pointed to 'Investments in SG&A and marketing to support our expanding theatrical business and our Technology Group' as drivers of these increased losses, while signaling expectations that returns from these investments would start to show in Q2 FY2026. Selling, general, and administrative (SG&A) expenses rose 36% to $9.0 million. The increase was attributed to ramped-up spending on compensation, legal, and marketing, as well as costs linked to year-end audit, tax, and regulatory compliance. The company signaled its strategic approach: front-load spending in content and technology to prioritize longer-term growth and market share. Notably, Cash and cash equivalents were $2.0 million. The line of credit remained largely untapped, with $8.9 million available at quarter-end and an additional $5.8 million of cash received in July 2025 from the redemption of nearly two million warrants. However, with working capital turning negative at $(0.3) million. Technology, Content, and Platform Initiatives The company's Matchpoint technology platform, which provides automated content distribution and data analytics for streaming operators, continued to be a core strategic focus. During the quarter, Cineverse launched cineSearch, an artificial intelligence (AI)-based content recommendation tool, on the Google Cloud Marketplace. It also began pilots for Matchpoint Dispatch with major studio partners during Q4 FY2025, aiming to expand from small operators to enterprise-scale adoption. A new executive was brought in to lead the technology group, signaling further intent to commercialize these assets. For content, Cineverse's business model centers on acquiring and distributing rights to genre films and family entertainment. Its strategy involves owning distribution rights for the long term, seeking to reduce risk and maximize reward if a property achieves break-out success. Management noted the upcoming releases of The Toxic Avenger Unrated, Silent Night, Deadly Night, and Return to Silent Hill across fiscal 2026. The film slate is balanced across horror and family genres. Audience growth remained a highlight. Monthly viewers rose to 209 million, a 20% increase, and total minutes streamed climbed 38%. Each segment saw gains versus the prior-year period, with Screambox -- Cineverse's horror and genre streaming channel -- reporting a 27% spike in viewership following the Terrifier 3 release. Subscription video-on-demand (SVOD) users hit 1.38 million. The company claimed a market valuation of approximately $40 million on its digital content library as of March 31, 2024, though the book value reflected on its June 30, 2025 balance sheet is just $2.9 million. Strategic partnerships also expanded this quarter. Cineverse formed MicroCo, a new joint venture targeted at microseries and short-form drama, with industry players including Banyan Media. The company also acquired U.S. rights for Air Bud Returns, developed connections with new podcast networks, and solidified technology relationships through products like cineSearch. Management Outlook and What to Watch Next Management expects returns from its investments in both film and technology to begin emerging next quarter. Technology pilots for Matchpoint and cineSearch are also entering commercial stages, with management highlighting potential annual revenue in the 'mid-7-figure' range if trials convert to enterprise deals, as discussed on the Q4 FY2025 earnings call. However, no formal revenue or profit guidance was provided for the year ahead, and management did not issue new dividend guidance or declare a dividend for common shareholders. Looking ahead, investors will be watching revenue streams from new theatrical releases. Liquidity and working capital levels also bear monitoring, given the current low cash balance and negative working capital position. Revenue and net income presented using U.S. generally accepted accounting principles (GAAP) unless otherwise noted. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 1,062%* — a market-crushing outperformance compared to 185% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. See the stocks » *Stock Advisor returns as of August 13, 2025
Yahoo
07-08-2025
- Business
- Yahoo
Cineverse to Report First Quarter FY 2026 Financial Results on Thursday, August 14, 2025
LOS ANGELES, Aug. 7, 2025 /PRNewswire/ -- Cineverse Corp. (Nasdaq: CNVS), a next-generation entertainment studio, announced today that it will release its financial results for its fiscal first quarter ended June 30, 2025, after market close on Thursday, August 14, 2025. Cineverse will host a conference call discussing these results at 4:30 p.m. ET/1:30 p.m. PT that same day. The conference call will be accessible online via the Cineverse Investor Relations website, participate, please register in advance to access the live conference call at this link. An audio recording of the conference call will be available for replay shortly after its completion. To access the replay, visit the Events and Presentations section of the Cineverse Investor Relations website. About Cineverse Cineverse (Nasdaq: CNVS) is a next-generation entertainment studio that empowers creators and entertains fans with a wide breadth of content through the power of technology. It has developed a new blueprint for delivering entertainment experiences to passionate audiences and results for its partners with unprecedented efficiency, and distributes more than 71,000 premium films, series, and podcasts. Cineverse connects fans with bold, authentic, independent stories. Properties include the highest-grossing unrated film in U.S. history; dozens of streaming fandom channels; a premier podcast network; top horror destination Bloody Disgusting; and more. Powering visionary storytelling with cutting-edge innovation, Cineverse's proprietary streaming tools and AI technology drive revenue and reach to redefine the next era of entertainment. For more information, visit CONTACTS For Media, The Lippin Group for Cineversecineverse@ For Investors, Julie Milsteadinvestorrelations@ View original content to download multimedia: SOURCE Cineverse Corp. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-07-2025
- Business
- Yahoo
Cineverse announces its inclusion in multiple Russell indexes
Cineverse (CNVS) announced its inclusion in multiple FTSE Russell indexes, effective June 29 and June 30, as part of the annual reconstitution of the Russell U.S. Indexes. Cineverse has been added to the following indexes: Russell 3000E Index; Russell 3000E Growth Index, Russell 3000E Value Index; Russell Microcap Index; Russell Microcap Growth Index; Russell Microcap Value Index. Inclusion in these indexes expands Cineverse's visibility across a wide range of institutional investors and index-tracking funds. The Russell indexes are broadly used by asset managers and institutional investors as benchmarks for passive and active investment strategies. Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on CNVS: Disclaimer & DisclosureReport an Issue Cineverse Corp. Faces Financial Uncertainty Amid Goodwill Impairment Risks and Share Price Volatility Cineverse Corp. Reports Strong Financial Growth in 2025 Cineverse price target raised to $9 from $7 at Alliance Global Partners Cineverse reports Q4 EPS 4c vs. ($1.10) last year Options Volatility and Implied Earnings Moves Today, June 27, 2025
Yahoo
28-06-2025
- Business
- Yahoo
Enerpac Tool Group Corp (EPAC) Q3 2025 Earnings Call Highlights: Record Revenue Growth Amidst ...
Revenue: Increased 6% year-over-year to $159 million in Q3 2025. Organic Revenue Growth: 2% growth, adjusting for foreign exchange and acquisition of DTA. IT&S Business Revenue: 1.5% organic growth year-over-year. Cortland Biomedical Growth: 19% growth, driven by existing products and new product launches. Gross Profit Margin: Declined 140 basis points to 50.4%. Adjusted SG&A: Improved 160 basis points to 25.5% of sales. Restructuring Charge: $5.9 million, primarily for severance and lease impairment. Adjusted EBITDA: Increased 3.4%, with a margin decline of 50 basis points to 25.9%. Adjusted Earnings Per Share: Increased 9% to $0.51. Net Debt: $50 million, with a net debt to adjusted EBITDA ratio of 0.4. Total Liquidity: $539 million, including revolver availability and cash on hand. Cash Flow from Operations: $56 million for the first three quarters of fiscal 2025. Free Cash Flow: $40 million, a 24% increase despite $11 million in capital spending. Share Repurchase: Approximately 330,000 shares repurchased for $14 million. Tariff Impact: Estimated annualized impact of $18 million, with mitigation strategies in place. Warning! GuruFocus has detected 7 Warning Signs with CNVS. Release Date: June 27, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Enerpac Tool Group Corp (NYSE:EPAC) reported a 6% year-over-year revenue growth, marking a record third-quarter revenue since its relaunch in 2019. The company's Cortland Biomedical segment posted a strong 19% growth, driven by existing products and new product launches. Enerpac Tool Group Corp (NYSE:EPAC) achieved high single-digit organic growth in the Americas, with strong demand in aerospace, infrastructure, and nuclear industry services. The company has invested in a new innovation lab at its headquarters, enhancing its R&D capabilities and reducing product development time significantly. Enerpac Tool Group Corp (NYSE:EPAC) maintained a strong balance sheet with a net debt to adjusted EBITDA ratio of 0.4 and total liquidity of $539 million. The EMEA region experienced a high single-digit decline in organic revenue, primarily due to a decline in the Heavy Lifting Technology (HLT) business. Gross profit margin declined by 140 basis points year-over-year to 50.4%, impacted by service project mix and the inclusion of DTA. The company recorded a restructuring charge of $5.9 million, primarily related to severance and noncash lease impairment. Enerpac Tool Group Corp (NYSE:EPAC) anticipates delivering towards the lower half of its fiscal 2025 earnings guidance due to macroeconomic and geopolitical conditions. The integration of the DTA acquisition is progressing slower than expected, with revenue likely to fall short of initial guidance. Q: Could you add some more color to what you're hearing from your customers in real time? How are they managing or reacting to tariffs and macro uncertainty? Are they putting projects on hold? A: We haven't seen any meaningful movement in terms of project cancellations. Some customers are cautious about large capital investments due to uncertainty, but the underlying need for capacity and growth investments remains. Pricing actions have been taken to offset inflationary impacts from tariffs, and these have been generally accepted by channel partners. Q: Did you see any revenue being pulled forward in Q3 in anticipation of tariffs? What are your thoughts on inventory in the channel today? A: There was a little bit of buy-in due to advanced notice of pricing actions, but nothing significantly impactful. Inventory levels in the channel are not showing any unusual trends at this time. Q: Could you provide more details regarding the restructuring actions during the quarter? What is the anticipated cost savings? A: The restructuring was not a programmatic activity but a response to global uncertainty. About 75% of the restructuring charge was severance-related, with the remainder being a noncash lease impairment due to our headquarters move. This sets a good foundation for future efficiency. Q: Were the pricing actions implemented in the quarter, and do you see the positive impact of those actions going into effect? A: Pricing actions were taken in March and May, with some impact seen in the quarter. The full effect is expected in the upcoming fourth quarter. Q: How do tariffs impact DTA's cross-selling ability into the US? A: DTA products are subject to tariffs as they are produced in Spain, but there is still strong demand from US customers. Our HLT products, also made in Europe, face similar tariffs but continue to see robust demand. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
28-06-2025
- Business
- Yahoo
Cineverse Corp (CNVS) Q4 2025 Earnings Call Highlights: Record Revenue Growth and Strategic ...
Q4 Revenue: $15.6 million, a 58% increase over the prior year. Q4 Net Income: $858,000, a $15.5 million increase over the prior year. Q4 Adjusted EBITDA: $4 million, a 158% increase over the prior year quarter. Q4 Direct Operating Margin: 55%, above the target range of 45% to 50%. Full-Year Revenue: $78.2 million, a 59% increase over the prior year. Full-Year Net Income: $3.8 million. Full-Year Adjusted EBITDA: $13.9 million, a 216% increase over the prior year. SG&A Expenses: $5.4 million for the quarter, a decrease of $1.4 million from the prior year quarter. Cash and Cash Equivalents: $13.9 million as of March 31, 2025. Net Cash Provided by Operations: $18.5 million for the year, a $29.1 million improvement over the prior year. Streaming Engagement: 3.2 billion minutes streamed in Q4, up 45% over the prior year. Podcast Revenue Growth: 57% increase over the prior year. c360 Revenue Growth: 290% year-over-year increase in Q4. Warning! GuruFocus has detected 7 Warning Signs with CNVS. Release Date: June 27, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Cineverse Corp (NASDAQ:CNVS) reported a 58% increase in total revenue for the fourth quarter, reaching $15.6 million, and a 59% increase for the full fiscal year, totaling $78.2 million. The company achieved a significant improvement in net income, with a $15.5 million increase over the prior year, resulting in a net income of $858,000 for the quarter. Adjusted EBITDA for the quarter was $4 million, marking a 158% increase over the prior year, showcasing strong financial performance. Cineverse Corp (NASDAQ:CNVS) successfully launched new initiatives, including the reorganization of its technology business and the creation of a dedicated theatrical motion pictures division. The company reported strong growth in its streaming and podcasting businesses, with podcast revenues up 57% over the prior year and streaming platforms delivering a 45% increase in minutes streamed. The company faces challenges in the advertising environment, with a depressed direct and programmatic advertising market due to companies pulling back on discretionary advertising spend. Despite strong financial performance, the company acknowledges the pressure on CPMs and fill rates for open market programmatic advertising due to a glut of supply in competitive channels. Cineverse Corp (NASDAQ:CNVS) is still in the early stages of expanding its Matchpoint technology to major studios, with the need to prove its capabilities through pilots and commercial trials. The company is navigating a competitive landscape in the podcasting space, requiring strategic investments in direct sales and content expansion to maintain growth momentum. There is a reliance on the success of upcoming film releases to drive future revenue, with significant investments in new films like The Toxic Avenger and Silent Night, Deadly Night. Q: Chris, with the upcoming wide releases, how much more are you willing to invest if you see early signs of success? Also, how do you view pay windows and licensing opportunities for the licenses you own? A: Christopher McGurk, Chairman and CEO: As we continue to fill out our slate, our objective is to set up a pay output deal, and we've started discussions in that regard. We'll be announcing more films similar to those in our current release slate and expanding into family films, fantasy, Black Cinema, and comedy. Once these pieces are in place, we'll get serious about negotiating a pay deal. Q: How should investors think about cineSearch and Matchpoint in terms of pipeline opportunities and potential impact on results? A: Erick Opeka, President and Chief Strategy Officer: We're now focused on enterprise-level opportunities rather than smaller entities. Tony Huidor, President of Technology and Chief Product Officer, added that each major studio deal could be $5 million and up, depending on the scope. The current pilot with a major studio could expand significantly, and we expect a strong foothold in the business within a few years. Q: Can you provide more details on the monetization of podcasting and the impact of direct sponsorships? A: Erick Opeka, President and Chief Strategy Officer: Podcasts offer premium content, leading to higher CPMs than CTV. We're focusing on shows with significant listener bases and have hired a direct sales team. Deals with larger brands can reach below six figures, and we expect to double our podcast revenue compared to last year, depending on macro conditions. Q: How do you view the profitability and operating margins, especially with successful wide releases? A: Christopher McGurk, Chairman and CEO: We achieved a 55% operating margin last quarter, and we feel confident in meeting or exceeding our target of 45% to 50% going forward. Mark Lindsey, CFO, noted that the margin last quarter was 49%. Q: What is the strategy for expanding the theatrical slate and securing output deals? A: Christopher McGurk, Chairman and CEO: We plan to announce more films similar to our current slate and expand into other genres. Once our release slate is complete, we'll focus on negotiating a pay output deal, leveraging our unique media assets and releasing formula. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
