CNVSHIGH SIGNALFINANCIAL10-K

CNVS achieved a dramatic turnaround from significant losses to profitability with operating income swinging from -$15.7M to +$7.9M and net income from -$21.3M to +$3.8M.

This represents a complete operational transformation, with the company moving from substantial losses to generating positive returns across all key profitability metrics. The 59% revenue growth combined with the massive improvement in operating leverage suggests the business model is scaling effectively and management has successfully controlled costs while driving top-line growth.

Comparing 2025-06-30 vs 2024-07-01View on EDGAR →
FINANCIAL ANALYSIS

CNVS delivered exceptional financial performance with revenue growing 59% to $78.2M while simultaneously achieving a remarkable turnaround in profitability, swinging from -$15.7M operating loss to +$7.9M operating income and from -$21.3M net loss to +$3.8M net income. Operating cash flow improved dramatically from -$10.6M to +$17.4M, while cash position strengthened significantly from $5.2M to $13.9M, though interest expense increased substantially to $4.4M. The overall picture signals a successful business transformation with strong revenue growth, improved operational efficiency, and healthy cash generation, though investors should monitor the increased debt burden reflected in higher interest costs.

FINANCIAL STATEMENT CHANGES
Interest Expense
P&L
+309.5%
$1.1M→$4.4M

Interest expense surged 309.5% — significant debt increase or rising rates materially impacting earnings.

Operating Cash Flow
Cash Flow
+264.4%
-$10.6M→$17.4M

Operating cash flow surged 264.4% — exceptional cash generation, highest quality earnings signal.

Cash & Equivalents
Balance Sheet
+169.8%
$5.2M→$13.9M

Cash position surged 169.8% — strong cash generation or capital raise providing significant financial cushion.

Operating Income
P&L
+150.5%
-$15.7M→$7.9M

Operating leverage kicking in — revenue growth outpacing cost growth, a hallmark of scaling businesses.

Net Income
P&L
+117.7%
-$21.3M→$3.8M

Net income grew 117.7% — bottom-line growth signals improving overall business health.

Accounts Receivable
Balance Sheet
+81.7%
$8.7M→$15.8M

Receivables surged 81.7% — revenue recognized but not yet collected; watch for collection issues or channel stuffing.

Inventory
Balance Sheet
+78.4%
$116K→$207K

Inventory surged 78.4% — growing significantly faster than typical sales pace; potential demand softening or supply chain overcorrection.

Capital Expenditure
Cash Flow
+59.8%
$669K→$1.1M

Capital expenditure jumped 59.8% — major investment cycle underway; assess returns on deployment.

Revenue
P&L
+59.1%
$49.1M→$78.2M

Strong top-line growth of 59.1% — accelerating demand or successful expansion into new markets.

Stockholders Equity
Balance Sheet
+16.5%
$33.3M→$38.8M

Equity base grew 16.5% — retained earnings accumulation or equity issuance strengthening the balance sheet.

LANGUAGE CHANGES
NEW — 2025-06-30
PRIOR — 2024-07-01
ADDED
As of June 20, 2025, 17,108,062 shares of Class A Common Stock, $0.001 par value were outstanding.
Given our extensive experience in operating and distributing enthusiast content, and the ability to centralize operations and reduce operating costs due to our proprietary technology, the Company also pursues accretive mergers and acquisitions ("M A") opportunities in order to grow profitably and fortify its competitive advantage.
o Licensing film and TV content to leading players in OTT streaming ecosystem with Amazon, Apple, Netflix and Google.
Financial Performance/Metrics : o Driving EBITDA through incremental revenue growth from technology product launches such as Matchpoint , expansion of distribution, improved monetization and partnerships, and continuous efforts on cost mitigation.
EMPLOYEES As of March 31, 2025, we had 218 employees, 213 full-time and 5 part time, on-leave, or temporary.
+7 more — sign up free →
REMOVED
For purposes of the foregoing calculation, all directors, officers and shareholders who beneficially own 10% of the shares of such common equity have been deemed to be affiliates, but the Company disclaims that any of such persons are affiliates.
As of June 17, 2024, 15,606,341 shares of Class A Common Stock, $0.001 par value were outstanding.
Since our inception, we have played a significant role in the digital distribution revolution that continues to transform the media and entertainment landscape.
Given our extensive experience in operating and distributing enthusiast content, and the ability to centralize operations and reduce operating costs due to our proprietary technology, the Company also pursues accretive M A opportunities in order to grow profitably and fortify its competitive advantage.
o Licensing film and TV content to every key player in OTT streaming ecosystem with Amazon, Apple, Netflix and Google.
+7 more — sign up free →
MORE FINANCIAL SIGNALS
PNRGHIGHPNRG achieved exceptional profitability improvement with net income surging 2,21...
2026-04-16
BNAIHIGHBNAI underwent a dramatic reverse stock split that reduced share count by 86% wh...
2026-04-16
LAKEHIGHLAKE's financial performance deteriorated significantly with operating losses wo...
2026-04-16
NXXTHIGHNextNRG experienced massive financial deterioration with operating losses explod...
2026-04-16
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →