1 Thing You Must Know From AMC's Earnings Report
AMC Entertainment Holdings (NYSE: AMC) is having a hard time bouncing back from the adverse financial effects of the coronavirus pandemic. Last year, the movie theater chain had to shut its doors, cutting off nearly 100% of its revenue.
That has led to cascading consequences. For instance, movie studios have started releasing new films simultaneously on streaming platforms and the big screen. In addition, the extended shutdown is raising liquidity problems at AMC. That's why the one thing you must know from AMC's earnings report is how much cash it burned through in the first quarter of 2021.
AMC reports a $312.9 million cash outflow from operations. Image source: Getty Images.
Source Fool.com
