CuriosityStream Q1 revenue $12.0M, net loss narrows to $5.0M; CFO change effective May 31

CuriosityStream Inc.

2024-Q1 EPS reported -$0.09 revenue$12,001,000

Revenue $12.0M vs $12.4M YoY; gross profit $5.3M up from $3.4M; net loss $5.0M vs $7.7M.
Achieved positive adjusted free cash flow of $1.2M for first time; cash $38.9M, no debt.
Board declared $0.025/share quarterly dividend payable July 31, 2024 to holders of record July 12.
CFO Peter Westley departs May 31, returns to consulting; P. Brady Hayden named new CFO.
Q2 2024 guidance: revenue $12M-$13M, adjusted free cash flow $1.5M-$2.5M.

item 2.02 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Peter Westley

Chief Financial Officer

CURI · CuriosityStream Inc.

Effective: 2024-05-31
Successor: P. Brady Hayden
Filed: May 7, 2024, 7:59 PM ET

Effective May 31, 2024, Peter Westley will leave his position as Chief Financial Officer and return to a consulting position with the Company pursuant to a Services Agreement, effective June 1, 2024 (the “Services Agreement”).

Appointed

P. Brady Hayden

Chief Financial Officer

CURI · CuriosityStream Inc.

Effective: 2024-05-31
Filed: May 7, 2024, 7:59 PM ET

P. Brady Hayden, 51, will be named Chief Financial Officer effective May 31, 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CuriosityStream Inc. reported the second quarter of 2024 results: revenue Revenue within the range of $12.0 - $13.0 million. Guidance initiated.

Period: the second quarter of 2024
Revenue: Revenue within the range of $12.0 - $13.0 million
Guidance: initiated
Result: guidance update

Exact text from the filing

CuriosityStream expects the following for the second quarter of 2024: • Revenue within the range of $12.0 - $13.0 million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CuriosityStream Inc. reported the first quarter ended March 31, 2024 results: revenue $12.0 million, net income Net loss of $5.0 million.

Period: the first quarter ended March 31, 2024
Revenue: $12.0 million
Net income: Net loss of $5.0 million
Result: reported results

Exact text from the filing

believe our dividend program, which is being paid from surplus cash, underscores our positive trajectory for 2024 and beyond." First Quarter 2024 Financial Results • Revenue of $12.0 million, compared to $12.4 million in the first quarter of 2023; • Gross profit of $5.3 million, compared to $3.4 million in the first quarter of 2023; • Total advertising and marketing

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Executive change SEC 8-K Item 5.02 confidence 0.95

Peter Westley departed as Chief Financial Officer at CuriosityStream Inc..

Action: leave
Role: Chief Financial Officer

Exact text from the filing

Effective May 31, 2024, Peter Westley will leave his position as Chief Financial Officer and return to a consulting position with the Company pursuant to a Services Agreement, effective June 1, 2024 (the “Services Agreement”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

P. Brady Hayden was named as Chief Financial Officer at CuriosityStream Inc..

Action: named
Role: Chief Financial Officer

Exact text from the filing

P. Brady Hayden, 51, will be named Chief Financial Officer effective May 31, 2024.

View on SEC.gov

708 earnings releases filed in the last 30 days. Browse all earnings releases →

CuriosityStream Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-021130

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