CuriosityStream Q1 revenue $12.4M, net loss $(7.8)M; guides Q2 revenue $13-15M

CuriosityStream Inc.

2023-Q1 EPS reported -$0.15 revenue$12,387,000

Revenue $12.4M, down 30% YoY from $17.6M; gross profit $3.4M vs $5.8M.
Net loss $(7.8)M improved from $(15.9)M; Adjusted EBITDA $(6.4)M vs $(17.5)M.
Cash and restricted cash $49.2M, no debt; operating expenses cut 56% YoY to $11.2M.
Q2 2023 guidance: revenue $13-15M, Adjusted Free Cash Flow $(6)-$(4)M.
Expanded global distribution via Prime Video India, Fetch TV Australia, Ziggo, and others.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CuriosityStream Inc. reported Q1 2023 results: revenue $12.4 million, net income $(7.8) million.

Period: Q1 2023
Revenue: $12.4 million
Net income: $(7.8) million
Result: reported results

Exact text from the filing

First Quarter 2023 Financial Results • Revenue of $12.4 million, compared to $17.6 million in the first quarter of 2022; • Gross profit of $3.4 million, compared to $5.8 million in the first quarter of 2022; • Total advertising and marketing and general and administrative expenses of $11.2 million, a 56% year-over-year reduction; • Net loss of $(7.8) million, compared to net loss of $(15.9) million in the first quarter of 2022; • Adjusted EBITDA of $(6.4) million, compared to Adjusted EBITDA of $(17.5) million in the first quarter of 2022; • Adjusted Free Cash Flow of $(6.3) million, compared to Adjusted Free Cash Flow of $(12.3) million in the first quarter of 2022; and • Cash and restricted cash balance of $49.2 million and no debt as of March 31, 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CuriosityStream Inc. reported Q2 2023 results: revenue $13 – $15 million. Guidance initiated.

Period: Q2 2023
Revenue: $13 – $15 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Financial Outlook CuriosityStream expects the following for the second quarter of 2023: • Revenue within the range of $13 – $15 million • Adjusted Free Cash Flow within the range of $(6) – $(4) million

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CuriosityStream Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-142111

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