CNVS · Cineverse Corp.
AI read · Good for CNVS
The AI's read
More sales came from technology and media services, which made up 55% of sales, up from less than 5% a year earlier. Its adjusted profit measure was $1.7 million, up $5.4 million, and cash from operations rose $17.8 million. The operating margin fell to 38% from 58%. A one-time $7.0 million reduction in acquisition-related liabilities helped income, but sales growth and positive adjusted profit still point to improvement.