secwatch.observer — SEC 8-K summary
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Issuer:     CuriosityStream Inc. (CURI)
CIK:        0001776909
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001628280-24-036948
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1776909/000162828024036948/0001628280-24-036948-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1776909/000162828024036948/curi-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-036948

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