Cinedigm Corp. (CIDM) Q1 2023 Earnings Conference Call August 16, 2022 12:00 PM ET

Company Participants

Laura Kiernan - IR, High Touch IR

Chris McGurk - Chairman & CEO

John Canning - CFO

Erick Opeka - Chief Strategy Officer & President, Cinedigm Networks

Conference Call Participants

Daniel Kurnos - The Benchmark Company

Brian Kinstlinger - Alliance Gobal Partners

Scott Buck - H.C. Wainwright

Leo Carpio - Joseph Gunnar

Operator

Good day, ladies and gentlemen. Today, we are hosting a Conference Call to discuss Cinedigm's First Quarter 2023 Results. My name is Drew, I will be your conference operator. At this time, all participants are in a listen-only mode. We will have a question-and-answer session at the end of the call. [Operator Instructions] Please note that this call is being recorded.

Your host for today is Ms. Laura Kiernan, Head of Investor Relations for Cinedigm. Please go ahead.

Laura Kiernan

Thank you, Drew. Good afternoon, everyone, and welcome to Cinedigm's first quarter fiscal 2023 earnings call. Before we begin, I would like to point out certain statements made on today's call contain forward-looking statements. These statements are based on management's current expectations and are subject to risks, uncertainties and assumptions. The company's periodic reports that are filed with the SEC described potential risks and uncertainties that could cause the company's business and financial results to differ materially from those forward-looking statements.

All of the information discussed on this call is as of today, August 16, and Cinedigm undertakes no duty to update it. In addition, certain financial information presented on this call represents non-GAAP financial measures. We encourage you to read our disclosures and the reconciliation tables applicable to GAAP measures in our earnings release carefully as you consider these metrics.

With us today, we have Chris McGurk, Chairman and CEO; John Canning, CFO; Yolanda Macias, Chief Content Officer; Gary Loffredo, Chief Operating Officer, General Counsel and President; Erick Opeka, Chief Strategy Officer and President of Cinedigm Networks; and Tony Huidor, Chief Technology and Product Officer, all of whom will be available for questions following the prepared remarks.

I will now turn the call over to Chris McGurk to begin.

Chris McGurk

Thank you, Laura. Welcome everyone and thanks for joining us on the call today. Before I get into this quarter's performance, which was outstanding, let me remind you as we reported in June, just how strong our financial results were in our last fiscal year that ended on March 31, 2022. For the full year, we posted consolidated revenues of $56.1 million, up 78% over the prior year with streaming revenues leading the way, up in the triple-digits for the year.