CuriosityStream Q2 net loss narrows to $2.0M, delivers positive adj. free cash flow $2.5M

CuriosityStream Inc.

2024-Q2 EPS reported -$0.13 revenue$24,396,000

Revenue $12.4M (down from $14.1M in Q2 2023); net loss narrowed to $2.0M from $9.6M.
Adjusted EBITDA loss improved to $1.0M from $6.5M; generated $2.5M adjusted free cash flow, 7th consecutive quarterly improvement.
Board declared $0.025/share quarterly dividend payable Oct 31, record Oct 12; initiated $4M share repurchase program.
Direct subscription revenue up 17% YoY and 3% sequentially; cash $39.6M, no debt.
Q3 2024 guidance: revenue $12-14M, adjusted free cash flow $1.5-3.0M.

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