Cinedigm Digital Cinema Corp. (CIDM) Thursday said its loss for the fourth quarter narrowed from last year, driven mainly by a double-digit growth in revenues and lower loss from discontinued operations, partially offset by higher operating expenses.
The Morristown, New Jersey-based company's fourth-quarter net loss attributable to common stockholders was $5.84 million or $0.15 per share, compared to $7.36 million or $0.23 per share last year.
For the quarter, loss from discontinued operations narrowed to $251 thousand from $2.46 million in the prior-year quarter.
Total revenues for the quarter grew 15.2 percent to $17.70 million from $15.36 million in the prior-year quarter.
For the quarter, total operating expenses increased to $16.22 million from $13.32 million last year.
Looking ahead, the company expects fiscal 2013 revenues in the range of $91 million to $97 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.