CuriosityStream Q3 revenue $15.6M, net loss $(26.6)M includes $19M impairment; cash burn narrows

CuriosityStream Inc.

2023-Q3 EPS reported -$0.83 revenue$42,114,000

Revenue $15.6M (down 34% YoY) but sequential growth; gross profit $7.1M.
Net loss $(26.6)M includes $19.0M content impairment; Adjusted EBITDA $(3.9)M.
Operating cash use $(3.0)M vs $(12.6)M YoY; Adjusted FCF $(3.0)M (fourth straight sequential improvement).
Cash $40.8M, no debt; Q4 guidance: revenue $14-16M, Adj FCF $(5.5)-$(3.5)M.
CEO cites opportunities to meaningfully reduce 2024 expenses.

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 0.95

CuriosityStream Inc. reported the third quarter ended September 30, 2023 results: revenue $15.6 million, net income $(26.6) million.

Period: the third quarter ended September 30, 2023
Revenue: $15.6 million
Net income: $(26.6) million
Result: reported results

Exact text from the filing

and lack of debt are uniquely favorable attributes that provide us with a firm foundation and exceptional flexibility.” Third Quarter 2023 Financial Results • Revenue of $15.6 million, compared to $23.6 million in the third quarter of 2022; • Gross profit of $7.1 million, compared to $10.0 million in the third quarter of 2022; • Total advertising and marketing

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CuriosityStream Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-038241

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