secwatch.observer — SEC 8-K summary
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Issuer:     CuriosityStream Inc. (CURI)
CIK:        0001776909
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001628280-24-021130
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1776909/000162828024021130/0001628280-24-021130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1776909/000162828024021130/curi-20240506.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-021130

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer