Box Office PerformanceToxic Avenger managed just $2.9 million at the domestic box office vs. what were internal expectations for 2-4x that number.
Market ExpectationsA tough opening act with the Fall release of Toxic Avenger coming in well short of projections has brought both expectations and the share price crashing back down to Earth.
Stock PerformanceCineverse stock is now just 10% above the 52-week lows, and it will be interesting to see how it acts after a Friday PM print that saw $1.1 million of licensing revenue pushed out a quarter, resulting in a ~$3 million EBITDA miss.