CuriosityStream Inc. reported the second quarter of 2024 results: revenue Revenue within the range of $12.0 - $13.0 million. Guidance initiated.
“CuriosityStream expects the following for the second quarter of 2024: • Revenue within the range of $12.0 - $13.0 million”
Earnings Releases
CuriosityStream Inc. reported the first quarter ended March 31, 2024 results: revenue $12.0 million, net income Net loss of $5.0 million.
“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”
P. Brady Hayden was named as Chief Financial Officer at CuriosityStream Inc..
“P. Brady Hayden, 51, will be named Chief Financial Officer effective May 31, 2024.”
Peter Westley departed as Chief Financial Officer at CuriosityStream Inc..
“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”).”
Governance Changes
CuriosityStream Inc.: Reduced quorum requirement for stockholder meetings from a majority to one-third of capital stock (effective 2024-04-12).
“The First Amendment reduces the quorum requirement for stockholder meetings from a majority to one-third (1/3) of the capital stock issued and outstanding and entitled to vote thereat, present in person or represented by proxy, as permitted by Section 216 of the Delaware General Corporation Law and Nasdaq Listing Rule 5620(c).”
Auditor Changes
CuriosityStream Inc. engaged Grant Thornton LLP as its auditor.
“on March 27, 2024, the Company, with the approval of the Audit Committee, appointed Grant Thornton LLP (“Grant Thornton”) as the Company’s independent registered public accounting firm for the Company’s fiscal year ending December 31, 2024”
Earnings Releases
CuriosityStream Inc. reported fourth quarter and full year ended December 31, 2023 results: revenue $14.8 million, net income $4.7 million.
“of the dividend program, which will be paid from excess cash, underscores our positive outlook for cash flow in 2024." Fourth Quarter 2023 Financial Results • Revenue of $14.8 million, compared to $14.5 million in the fourth quarter of 2022; • Gross profit of $6.7 million, compared to $1.4 million in the fourth quarter of 2022; • Total advertising and”
Listing & Compliance Notices
CuriosityStream Inc. received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2)).
“March 19, 2024, the Company received written notification from the Listing Qualifications Department of Nasdaq, granting the Company's request for a 180-day extension to regain compliance the Bid Price Rule. The Company now has until September 16, 2024, to meet the requirement. If at any time prior to September 16, 2024, the bid price of the Company's Common Stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, the Company will regain compliance with the Bid Price Rule. If the Company does not regain compliance with the Bid Price Rule during the additional 180-”
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