Cinedigm Corp (NASDAQ:CIDM) announced its fiscal fourth-quarter results late Monday, reporting flat earnings after a loss in the previous year’s fourth quarter.
The media company reported break-even earnings per share on revenue of US$17.7mln compared with an earnings loss of US$0.97 per share on revenue of US$19.6mln in the previous year’s fourth quarter.
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For the full year, the company reported an earnings loss of US$0.81 on revenue of US$67.8mln compared with an earnings loss of US$1.92 on revenue of US$90.4mln in the previous year.
The independent content distributor has partnerships with major retailers including Walmart Inc (NYSE:WMT), Best Buy Co Inc (NYSE:BBY), Target Corporation (NYSE:TGT), Netflix Inc (NASDAQ:NFLX), Amazon.com Inc (NASDAQ:AMZN) and Apple’s (NASDAQ:AAPL) iTunes. Its content library includes more than 32,000 titles from brand name suppliers such as National Geographic, Discovery, WWE, NFL and Jim Henson.
Earlier this month, the company announced that it will join the Russell Microcap Index.
Shares of the New York-based company jumped nearly 12% to US$1.70 in extended trading.
Contact Lenore Fedow at lenore@proactiveinvestors.com
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