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Cinedigm Corp Issues H2 2014 Guidance Above Analysts' Estimates


Wednesday, 13 Nov 2013 04:05pm EST 

Cinedigm Corp announced that for the second half of 2014, total consolidated revenues at $84.0-$86.0 million and consolidated Adjusted EBITDA of $41.0-$42.0 million. Non-deployment revenues are forecast at $59.0-$61.0 million and Adjusted EBITDA of $17.0-$18.0 million. Total second half of 2014 CEG revenues are forecast at $52.0-$54.0 million and Adjusted EBITDA of $12.5-13.5 million. Due to the timing of the closing of the GVE acquisition, our consolidated results for the second half of fiscal 2014 will not include the first three weeks of GVE's October 2013 operations. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $36.96 million and EBITDA of $16.85 million for the third quarter of 2014; revenue of $44.55 million and EBITDA of $22.39 million for the fourth quarter of 2014. 

Company Quote

2.47
-0.03 -1.20%
2:35pm EDT