NEW YORK (TheStreet) -- Cinedigm (CIDM) released its fourth quarter earnings results on Wednesday, reporting a 61% increase in revenue over the previous year to $31.7 million, but missing analysts sales estimates of $35.7 million.
The company also reported a net loss of 1 cent per diluted share while analysts expected a net income of 1 cent per share for the quarter.
Must Read: Warren Buffett's 25 Favorite Stocks
Shares are down -21% to $2.30 in after-hours trading today.
TheStreet Ratings team rates CINEDIGM CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate CINEDIGM CORP (CIDM) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, weak operating cash flow and feeble growth in its earnings per share."