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Cineverse Reports Fourth Quarter and Fiscal Year 2024 Results
CNVSCineverse (CNVS) Prnewswire·2024-07-01 20:00

Selling, General, and Administrative Expenses Decreased By 8.9Million,or248.9 Million, or 24% LOS ANGELES, July 1, 2024 /PRNewswire/ -- Cineverse Corp. ("Cineverse" or the "Company") (NASDAQ: CNVS), a global streaming technology and entertainment company, today announced its financial results for the quarter and fiscal year ended March 31, 2024 ("FY 2024"). During the fourth quarter, the Company recorded a 14.0 million non-cash, non-recurring impairment to Goodwill. The Goodwill impairment was required by US GAAP as a r ...