Cinedigm Digital Cinema (CIDM) Posts Q4, FY Results, Operational Outline
Cinedigm, a global leader in the digital cinema industry, today posted financial results for the fourth quarter and full year ended March 31, 2011, reflecting the company’s efforts to streamline its focus toward becoming a market leader. Adjusted EBITDA of $11.6 million for the fourth quarter increased 36.6 percent from the $8.5 million reported for the fourth quarter of the prior year. Net loss in the fourth quarter of 2011 was $7.3 million, or $(0.23) per share, a 51.5 percent improvement compared to the net loss of $15.0 million, or $(0.51) per share, in the fourth quarter one year ago.…