Cinedigm Corp (NASDAQ:CIDM) Stock Jumps 10% in a Week: More to Come?
Cinedigm Corp (NASDAQ:CIDM) jumped 10% last week after releasing its interim unaudited financial results for fiscal Q1 2022.Consolidated revenues were up 149% YoY to $15 million, driven by ongoing streaming growth, especially in the ad-supported streaming operations and sales from Digital Cinema equipment. The streaming channel generated 181% YoY, while ad-supported streaming revenues were up 301% YoY. Notably, subscription streaming channel revenues were up 88% YoY, with streaming digital content…