Cineverse (NASDAQ:CNVS) Announces Earnings Results

Cineverse (NASDAQ:CNVS) posted its earnings results on Monday. The company reported ($0.06) EPS for the quarter, Zacks reports. The firm had revenue of $9.86 million during the quarter. Cineverse had a negative net margin of 18.84% and a negative return on equity of 24.65%.

Cineverse Stock Up 1.1 %

Shares of NASDAQ CNVS opened at $0.90 on Tuesday. The stock’s fifty day moving average price is $0.90 and its two-hundred day moving average price is $1.21. Cineverse has a one year low of $0.78 and a one year high of $3.93.

About Cineverse

Cineverse Corp. operates as a streaming technology and entertainment company. The company operates in two segments, Cinema Equipment, and Content and Entertainment. It owns and operates streaming channels, through its proprietary technology platform. The company also delivers curated content through subscription video on demand (SVOD), dedicated ad-supported (AVOD), and ad-supported streaming linear (FAST) channels, as well as social video streaming services and audio podcasts; operates OTT streaming entertainment channels; and offers monitoring, billing, collection, and verification services.