Cineverse Corp. reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was USD 13.28 million compared to USD 27.88 million a year ago. Net loss was USD 2.78 million compared to net income of USD 5.01 million a year ago. Basic loss per share from continuing operations was USD 0.22 compared to basic earnings per share from continuing operations of USD 0.55 a year ago. Diluted loss per share from continuing operations was USD 0.22 compared to diluted earnings per share from continuing operations of USD 0.55 a year ago.
For the nine months, sales was USD 39.27 million compared to USD 55.48 million a year ago. Net loss was USD 6.68 million compared to USD 6.66 million a year ago. Basic loss per share from continuing operations was USD 0.59 compared to USD 0.78 a year ago. Diluted loss per share from continuing operations was USD 0.59 compared to USD 0.78 a year ago.