Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

CuriosityStream (NASDAQ: CURI ) has risen 10x since our bullish article was published in March of last year. At the time, the company was trading below its cash value and was burning cash, albeit at a decreasing rate. Starting in Q1 2024, the company becameEdward Schneider is a managing director of Quan Management LLC. Mr. Schneider has over 30 years of investment experience, including 25 years managing technology funds in both quoted equities and venture capital. Mr. Schneider holds a CFA designation, an M ...

CuriosityStream Inc. (CURI) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to loss of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 200%. A quarter ago, it was expected that this company would post a loss of $0.02 per share when it actually produced a loss of $0.05, delivering a surprise of -150%.Over the last four quarters, the comp ...

Investment and Ownership - The carrying value of the Company's equity method investment in Nebula decreased from $3,848,000 as of December 31, 2024, to $3,697,000 as of March 31, 2025, reflecting an equity method investment loss of $151,000[37]. - The Company acquired a 32% ownership in the Spiegel Venture for an initial investment of $3.3 million in July 2021, which operates two documentary channels and an SVOD service[38]. - The Company holds a 16.875% ownership interest in Nebula as of March 31, 2025, after making incremental purchases totaling $6.0 million since August 2021[44]. - The Company has a Call Option to acquire the remaining ownership interests in the Spiegel Venture, exercisable after the adoption of the Spiegel Venture's audited financial statements for the fiscal year 2025[40]. - The Company has not received any dividends from either the Spiegel Venture or Nebula as of March 31, 2025[38][44]. Financial Performance - Total revenues for the three months ended March 31, 2025, were $15,090,000, a 25.6% increase compared to $12,001,000 for the same period in 2024[54]. - Direct-to-Consumer revenue decreased to $6,530,000, accounting for 43% of total revenue, down from 68% in the prior year[54]. - The net income for the three months ended March 31, 2025, was $319,000, a significant improvement from a net loss of $5,035,000 in the same period of 2024[72]. - For the three months ended March 31, 2025, the company reported revenues of $15,090,000, an increase of 25.9% compared to $12,001,000 for the same period in 2024[85]. - The company’s international revenue accounted for 29% of total revenue in Q1 2025, with Switzerland contributing 10% of total revenue[86]. Expenses and Liabilities - Total operating expenses for the three months ended March 31, 2025, were $15,011,000, a decrease of 4.1% from $15,655,000 in the same period of 2024[85]. - Content amortization for the three months ended March 31, 2025, was $3,513,000, down from $5,215,000 in the same period of 2024[51]. - Content amortization expenses decreased to $3,513,000 in Q1 2025 from $5,215,000 in Q1 2024, reflecting a reduction of 32.6%[85]. - Total deferred revenues decreased to $10.9 million as of March 31, 2025, from $11.4 million as of December 31, 2024[56]. - The total operating lease cost for the three months ended March 31, 2025, was $133,000, slightly up from $131,000 in 2024[92]. Cash and Investments - As of March 31, 2025, the company's cash and cash equivalents increased to $9,183,000 from $7,826,000 as of December 31, 2024, representing a growth of approximately 17.4%[46]. - The Company’s investments in debt securities are classified as held-to-maturity and reported at amortized cost, with interest income recognized as non-operating income[27][28]. - The fair value of Private Placement Warrants increased to $96,000 as of March 31, 2025, compared to $88,000 as of December 31, 2024[53]. - The fair value of the warrant liability for the Private Placement Warrants was estimated at $0.03 per warrant as of March 31, 2025, compared to $0.02 per warrant as of December 31, 2024[70]. Shareholder Actions - The Company paid a Holdback Payment of $900,000 to Spiegel TV and Autentic in July 2023 due to the Spiegel Venture achieving certain financial targets during its 2022 fiscal period[39]. - The Company declared a quarterly cash dividend of $0.08 per share, totaling approximately $4.6 million, to be paid on June 20, 2025[100]. - The company had repurchased 216,000 shares of its common stock at an average price of $1.16 per share, totaling $0.3 million as of December 31, 2024[64]. - The company had a weighted-average of 57,132,000 shares outstanding for the three months ended March 31, 2025, compared to 53,301,000 shares for the same period in 2024[72]. Future Expectations - The company expects to recognize future revenues of $1,955,000 in 2025 related to remaining performance obligations[55]. - The Company has not yet adopted new accounting pronouncements under the JOBS Act and expects to no longer qualify as an emerging growth company after December 31, 2025[34]. - The company anticipates amortizing $5.3 million, $2.5 million, and $0.7 million of licensed content costs over the next three years[49]. - Future advertising commitments totaled $1.7 million, expected to be paid during the year ending December 31, 2025[98]. Tax and Valuation - Income tax expense for the three months ended March 31, 2025, was immaterial due to a full valuation allowance position[99]. - The weighted average discount rate used for measuring operating lease liabilities was 4.4% as of March 31, 2025[91]. - Total lease payments due are $4.96 million, with a present value of total lease liabilities at $4.187 million[93].

Curiositystream (CURI) Q1 2025 Earnings Call May 06, 2025 05:00 PM ET Speaker0 Thank you for standing by. My name is Carrie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Curiosity Stream Q1 twenty twenty five Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Thank you. I would now like to turn the call over to Tia Cudahy, Chief Operating ...

First Quarter 2025 Financial Results ▪ Revenue of $15.1 Million, Increased 26% YoY ▪ $5.4 million Improvement in Net Income YoY ▪ Dividend Program Increased 100% to $0.32 Annually ▪ Guiding Q2 Revenue to 30-37% Growth YoY • Revenue of $15.1 million, compared to $12.0 million in the first quarter of 2024; • Gross profit of $8.0 million or 53.1%, compared to $5.3 million or 43.8% in the first quarter of 2024; • Net income of $0.3 million, compared to net loss of $5.0 million in the first quarter of 2024; • Ad ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-K ______________________________________ x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39139 CURIOSITYSTREAM INC. (Exact name of registrant as specified ...

Financial Data and Key Metrics Changes - The company reported a year-over-year cash flow increase of approximately $26 million, moving from a cash loss of $16 million in 2023 to a cash gain of $10 million in 2024 [7] - Adjusted free cash flow for Q4 was $3.3 million, marking the highest quarterly adjusted free cash flow in the company's history and an improvement of $5.7 million from the prior year [21] - For the full year, adjusted free cash flow was $9.5 million, an improvement of $25.5 million from 2023 [21] - Total revenue for the full year was $51.1 million, which was lower than the previous year primarily due to fewer non-cash transactions [22] Business Line Data and Key Metrics Changes - Subscription revenue grew both sequentially and year-over-year, contributing to the overall revenue increase [9] - Direct business revenue for Q4 was $9.4 million, with a full-year total of $38.6 million, demonstrating a predictable, recurring revenue stream [22] - Gross margin for Q4 improved to 52%, up from 45% a year ago, driven by cost control efforts [23] Market Data and Key Metrics Changes - The company has a global subscriber base with subscribers in 176 different countries, indicating strong international appeal [13] - The company plans to add 20 to 30 new currency opportunities for subscribers in 2025, enhancing its global reach [14] Company Strategy and Development Direction - The company aims for double-digit revenue growth in 2025, supported by a strong content library and operational cost reductions [19] - The strategy includes leveraging rights to hundreds of thousands of hours of monetizable video and audio for licensing agreements, particularly with technology partners for AI training [10] - The company is focusing on enhancing talent density to improve productivity and innovation [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in returning to topline revenue growth in 2025, driven by improved visibility and operational efficiencies [19] - The management highlighted the importance of building strong relationships with content partners to secure future licensing deals [36] - The company anticipates that licensing revenue will likely exceed direct revenue in 2025 [37] Other Important Information - The company announced an increase in dividends from $0.10 to $0.12 per share for Q1 2025, with a further increase to $0.16 planned for the year [15][16] - The company ended the year with approximately $40 million in liquidity and no debt [18] Q&A Session Summary Question: Revenue expectations for Q1 and full year - Management discussed the separation of subscription and advertising revenue, indicating that licensing revenue is expected to exceed direct revenue in 2025 [31][37] Question: Subscriber activity management amid macro uncertainty - Management compared the direct subscription business to larger competitors and emphasized the importance of a robust library and exciting specials to attract subscribers [40][46] Question: Update on FAST channels and ad-driven businesses - Management expressed enthusiasm about the high volume of content acquired and the performance of their FAST channels, indicating strong future revenue potential [52][56] Question: Differences in contracts for tech companies versus traditional media licensing - Management explained that tech company contracts often involve larger volumes of content but are typically project-based rather than long-term agreements [57][60]

Revenue Performance - Revenue for Q4 2024 was $14.1 million, a decrease of 4.7% compared to $14.8 million in Q4 2023[6] - Full year 2024 revenue totaled $51.1 million, down from $56.9 million in 2023[6] - Total revenues for 2024 were $51,134, a decrease of 10.4% compared to $56,889 in 2023[24] - CuriosityStream expects Q1 2025 revenue to be in the range of $14.5 - $15.5 million[10] Cash Flow and Financial Health - Free cash flow for 2024 was $9.5 million, an improvement of $25.5 million over 2023[2] - Adjusted free cash flow for Q4 2024 was $3.3 million, an increase of $5.7 million compared to Q4 2023[6] - The company achieved its highest quarterly adjusted free cash flow of $3.3 million in Q4 2024[5] - Cash flows from operating activities generated $8,151 in 2024, compared to a cash outflow of $16,172 in 2023[26] - Adjusted Free Cash Flow for 2024 was $9,507, compared to $(16,033) in 2023, indicating a positive shift[29] Losses and Improvements - Net loss for Q4 2024 was $2.8 million, improved from a net loss of $4.7 million in Q4 2023[6] - Operating loss for 2024 was $13,333, significantly improved from a loss of $44,471 in 2023[24] - Net loss for 2024 was $12,941, compared to a net loss of $48,896 in 2023, reflecting a reduction of 73.5%[24] - Adjusted EBITDA for 2024 was $(6,042), an improvement from $(20,187) in 2023[28] Assets and Equity - Cash and cash equivalents decreased to $7,826 in 2024 from $37,715 in 2023, a decline of 79.3%[22] - Total assets decreased to $86,182 in 2024 from $101,022 in 2023, a reduction of 14.7%[22] - Total stockholders' equity decreased to $57,848 in 2024 from $72,646 in 2023, a decline of 20.3%[22] Expenses and Investments - Total advertising and marketing expenses for 2024 were $39.1 million, a 17% year-over-year reduction[10] - The company incurred $5,698 in additions to content assets in 2024, down from $18,316 in 2023[26] Dividends - The Board of Directors raised the first quarter 2025 cash dividend to $0.04 per share, with an updated annual dividend policy of $0.16 per share[1] Content and Growth - The company launched three new US Hispanic FAST channels and increased content volume by over 200,000 hours[10]

Group 1 - CuriosityStream (NASDAQ: CURI) experienced a strong surge in stock price last fall, but the excitement has cooled during the last two months of 2024 [1] - Since the beginning of the year, bullish sentiment for CURI stock has increased again [1]