Cineverse Q1 FY2027: Revenue Soars 175% but Loss Widens to $0.28/Share
CNVS sits 64% above its 52-week low of $1.77.
Summary
Cineverse reported Q1 FY2027 revenue of $30.6 million, up 175% year-over-year, but a net loss of $5.7 million ($0.28/share). The loss includes non-cash acquisition-related fair value charges. The company raised $2.5 million via ATM and has $4.3 million in cash.
Key Events · Earnings and Guidance · CNVS
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Revenue Up 175% on Acquisitions
Q1 FY2027 revenue reached $30.6 million, up from $11.1 million a year ago, driven by the IndiCue and Giant Worldwide acquisitions. Advertising technology and services contributed $15.9 million, and media services added $3.5 million.
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Net Loss Widens to $5.7M
Net loss attributable to common stockholders was $5.8 million ($0.28 per share), compared to a $3.6 million loss ($0.21 per share) in Q1 FY2026. The loss includes a $2.0 million non-cash fair value increase in acquisition-related deferred consideration.
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Cash Burn and ATM Proceeds
Net cash used in operating activities was $1.0 million. The company raised $2.5 million in net proceeds from ATM sales during the quarter, ending with $4.3 million in cash and cash equivalents.
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Convertible Note Conversion Intent
In July 2026, an investor notified the company of intent to convert $1.3 million of convertible note principal plus $20 thousand of interest into approximately 660 thousand shares, effective September 2026.
Analysis · CNVS · Trade & Services
Cineverse's Q1 FY2027 revenue jumped 175% to $30.6 million, driven by the IndiCue and Giant Worldwide acquisitions, but the company posted a net loss of $5.7 million ($0.28 per share) versus a $3.5 million loss a year ago. The loss includes $2.0 million in non-cash fair value adjustments on acquisition-related deferred consideration. Cash used in operations was $1.0 million, and the company raised $2.5 million via its ATM program. With $4.3 million in cash and $11.4 million drawn on its credit line, liquidity remains tight but management states it has sufficient resources for at least twelve months.
At the time of this filing, CNVS was trading at $2.90 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $67.2M. The 52-week trading range was $1.77 to $6.25. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.