The company, which has built a portfolio of streaming services such as CONtv and Docurama, reported total revenue of $39.3 million in the quarter ending March 31, a 27% drop from the year-ago period. The company blamed the slide on the decline of its legacy cinema equipment business. Net losses per share narrowed to 34 cents from 44 cents in the year-ago period.
The company’s portfolio of 16 streaming services collectively reached 13.2 million monthly ad-supported viewers by May 31 and 9.7 million by March 31, nearly triple the level of last year.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: