Chairman's letter to cinedigm shareholders outlines continued positive business momentum following strong performance in the prior fiscal year
Company expects to achieve significant topline growth, sustainable long-term profitability and positive cash flow in current fiscal year through new business initiatives and significant cost savings los angeles, ca / accesswire / july 12, 2022 / cinedigm corp. ("cinedigm" or the "company") (nasdaq:cidm), a premier streaming technology and entertainment company super-serving enthusiast fan bases, today released comments by chairman and ceo chris mcgurk highlighting the company's positive business momentum, growth trajectory, financial targets and plan for sustainable profitability and positive cash flow by the fiscal fourth quarter, ending march 31, 2023. this follows the recent reporting of very strong across-the-board financial results for the quarter and full 2022 fiscal year which ended march 31, 2022: dear fellow shareholders, i believe it is important, following the recent release of cinedigm's outstanding business and financial performance for the quarter and fiscal year ended march 31, 2022, to reach out to our shareholders to underscore that our go-forward growth prospects and business momentum are more positive than ever and that the company is rapidly moving to a position of sustainable profitability and positive cash flow by the fourth quarter of this current fiscal year, ending march 31, 2023.
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