Curiosity(CURI) - 2024 Q4 - Annual Results

Revenue Performance - Revenue for Q4 2024 was $14.1 million, a decrease of 4.7$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$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 $48,896 in 2023, reflecting a reduction of 73.5$(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$86,182 in 2024 from $101,022 in 2023, a reduction of 14.7$57,848 in 2024 from $72,646 in 2023, a decline of 20.3$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]