Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
DCIN > SEC Filings for DCIN > Form 8-K on 7-Nov-2013All Recent SEC Filings

Show all filings for DIGITAL CINEMA DESTINATIONS CORP. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for DIGITAL CINEMA DESTINATIONS CORP.


7-Nov-2013

Results of Operations and Financial Condition, Financial Statem


Item 2.02 Results of Operations and Financial Condition.

On November 7, 2013, Digital Cinema Destinations Corp. ("Digiplex" or the "Company") issued a press release regarding Digiplex's financial results for the three months ended September 30, 2013. A copy of Digiplex's press release is attached hereto as Exhibit 99.1.

Such press release contains information on Theater Level Cash Flow ("TLCF") and Adjusted EBITDA in the discussion of the Company's financial results. TLCF and Adjusted EBITDA are supplemental non-GAAP financial measures.

TLCF is a common financial metric in the theater industry, used to gauge profitability at the theater level, before the effect of depreciation and amortization, general and administrative expenses, deferred rent, interest, taxes or other income and expense items. While TLCF is not intended to replace any presentation included in the Company's consolidated financial statements under GAAP and should not be considered an alternative to cash flow as a measure of liquidity, management believes that this measure is useful in assessing cash flow and working capital requirements. This calculation may differ in method of calculation from similarly titled measures used by other companies.

The Company uses adjusted EBITDA as a supplemental liquidity measure because management finds it useful to understand and evaluate results, excluding the impact of non-cash depreciation and amortization charges, stock based compensation expenses, other non-cash items, and nonrecurring expenses and outlays, prior to consideration of the impact of other potential sources and uses of cash, such as working capital items. This calculation may differ in method of calculation from similarly titled measures used by other companies.

TLCF and Adjusted EBITDA should be read only in conjunction with the Company's consolidated financial statements prepared in accordance with GAAP.

The information contained in this Current Report shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following exhibit is furnished herewith:

Exhibit
Number                           Description

99.1        Text of press release issued by Digital Cinema
            Destinations Corp. on November 7, 2013.


  Add DCIN to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for DCIN - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.