Cineverse Corp. Q4 Loss Increases, Misses Estimates

(RTTNews) - Cineverse Corp. (CNVS) revealed Loss for its fourth quarter that increased from the same period last year and missed the Street estimates.

The company's earnings came in at -$14.8 million, or -$1.10 per share. This compares with -$3.2 million, or -$0.35 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn -$0.21 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 20.8% to $9.9 million from $12.5 million last year.

Cineverse Corp. earnings at a glance (GAAP) :

-Earnings (Q4): -$14.8 Mln. vs. -$3.2 Mln. last year. -EPS (Q4): -$1.10 vs. -$0.35 last year. -Revenue (Q4): $9.9 Mln vs. $12.5 Mln last year.