CuriosityStream Inc (CURI) Quote

CURI................................................https://stockcharts.com/h-sc/ui?s=CURI&p=W&b=5&g=0&id=p86431144783

CURI AND SHES OFF!!

CURI new 52 hi
Next day settlement 5/28 per SEC mandate

CURI...HERE WE GO

CURI...BREAK OUT PLAY UNDERWAY

Let's see what happens after 4/12. Hope all is well Monks :)

CURI new 52 hi

This is an interesting start upncompany that belongs to a sector dealing with online documentaries and online education
I should examine the corporate profile
I don’t know if the company’s costs are greater or less than its income

This 1-month run has been nothing short of outstanding!

CURI new 52 hi

$CURI is already compliant.............and no effect on trading.....just be Current at OTCMarkets is all

Z

We will get compliant now!
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
As previously reported, on September 19, 2023, the Company received written notice (the "Notice") from the Nasdaq Stock Market, LLC ("Nasdaq") indicating that the bid price for the Company's common stock (the "Common Stock"), for the last 31 consecutive business days, had closed below the minimum $1.00 per share and, as a result, the Company was not in compliance with the $1.00 minimum bid price requirement for the continued listing on the Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Rule").
On 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-day extension, Nasdaq will provide written notification to the Company that its Common Stock will be delisted. At that time, the Company may appeal the relevant delisting determination to a hearings panel pursuant to the procedures set forth in the applicable Nasdaq Listing Rules. However, there can be no assurance that, if the Company does appeal the delisting determination by Nasdaq to the hearings panel, that such appeal would be successful.
Nasdaq's extension notice has no immediate effect on the listing or trading of the Company's Common Stock, which will continue to trade on the Nasdaq Capital Market under the symbol “CURI”.
The Company intends to actively monitor the closing bid price of its Common Stock and may, if appropriate, consider implementing available options to regain compliance with the Bid Price Rule under the Nasdaq Listing Rules.
Item 8.01 Other Events.

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Z

CuriosityStream Announces Fourth Quarter and Full Year 2023 Financial Results and Initiation of Dividend Program
SILVER SPRING, Md.--(BUSINESS WIRE)-- CuriosityStream Inc. (NASDAQ: CURI), a global factual entertainment company, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2023. In addition, the Company’s Board of Directors declared a quarterly cash dividend of $0.025 per share, with the first dividend payable on April 30, 2024, to stockholders of record on April 12, 2024. With the initiation of a cash dividend program, CuriosityStream intends to pay regular quarterly dividends.

“Our fourth quarter revenue results met our guidance range while adjusted free cash flow exceeded our guidance range, and we delivered sequential revenue growth in our Direct Business. We continued to decrease our cost base, as we achieved our fifth straight quarter of sequential adjusted free cash flow improvement,” said Clint Stinchcomb, President & CEO. “Looking forward, we will be guiding to positive adjusted free cash flow for the first quarter of 2024, and we believe the initiation 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 marketing and general and administrative expenses of $11.4 million, a 32% year-over-year reduction;
Net loss of $4.7 million, compared to net loss of $14.5 million in the fourth quarter of 2022;
Net cash used in operating activities of $2.5 million, compared to net cash used in operating activities of $8.8 million in the fourth quarter of 2022;
Adjusted Free Cash Flow of $(2.4) million, compared to Adjusted Free Cash Flow of $(8.8) million in the fourth quarter of 2022;
Adjusted EBITDA of $(3.4) million, compared to Adjusted EBITDA of $(13.6) million in the fourth quarter of 2022; and
Cash and restricted cash balance of $38.2 million and no debt as of December 31, 2023.
Full Year 2023 Financial Results

Revenue of $56.9 million, compared to $78.0 million in 2022;
Gross profit of $21.3 million, compared to $26.5 million in 2022;
Total advertising and marketing and general and administrative expenses of $46.8 million, a 40% year-over-year reduction;
Net loss of $48.9 million, compared to net loss of $50.9 million in 2022;
Net loss included a $19.0 million charge related to the impairment of content assets;
Net cash used in operating activities of $16.2 million, compared to net cash used in operating activities of $39.5 million in 2022;
Adjusted Free Cash Flow of $(16.2) million, compared to Adjusted Free Cash Flow of $(39.7) million in 2022; and
Adjusted EBITDA of $(20.2) million, compared to Adjusted EBITDA of $(44.3) million in 2022.
Full Year 2023 Business Highlights

Premiered multiple groundbreaking original series and specials, including The Real Wild West, Deadly Science, The True Story of Pirates, Lift the Ice, Vikings: The Lost Kingdom, GIANTS, 2023:A Space Odyssey, History: The Interesting Bits, CSI On Trial, Nature's Hidden Miracles, Queens of Ancient Egypt, Rescued Chimpanzees of the Congo with Jane Goodall, Search for Earth’s Lost Moon, Scary Tales of New York, Connections with James Burke, AI Tipping Point, Amazing DinoWorld 2 and Top Science Stories of 2023.
Signed new licensing, Pay TV and AVOD agreements with several partners during the year;
Added hundreds of titles to underserved areas like hosted series, crime, aviation and automotive, and to core genres like history, science and tech;
Launched a series of annual promotional stunts showcasing our most engaging titles for subscribers across SPACE WEEK, DINO WEEK, ANCIENT EGYPT WEEK, JAWS & CLAWS WEEK, and EARTH MONTH.
Financial Outlook

CuriosityStream expects the following for the first quarter of 2024:

Revenue within the range of $11.5 - $12.5 million
Adjusted Free Cash Flow within the range of $0.25 - $1.00 million
Conference Call Information

CuriosityStream will host a Q&A conference call today to discuss the Company’s fourth quarter and full year 2023 results at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). A live audio webcast of the call will be available on the CuriosityStream Investor Relations website at https://investors.curiositystream.com. Participants may also dial-in toll free at (888) 510-2008 or International at (646) 960-0306 and reference conference ID# 3957505. An audio replay of the conference call will be available for two weeks following the call on the CuriosityStream Investor Relations website at https://investors.curiositystream.com.

Forward-Looking Statements

Certain statements in this press release may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, CuriosityStream’s expectations or predictions of future financial or business performance or conditions, plans to pay regular dividends, consumers’ valuation of factual content, and the Company’s continued success. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “predicts” or “intends” or similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. Certain of these risks are identified and discussed under “Risk Factors” in CuriosityStream’s Annual Report on Form 10-K for the year ended December 31, 2023, that we expect to file with the Securities and Exchange Commission (the “SEC”) on or about March 22, 2024, and in CuriosityStream’s other SEC filings. These risk factors are important to consider in determining future results and should be reviewed in their entirety.

Forward-looking statements are based on the current belief of the management of CuriosityStream, based on currently available information, as to the outcome and timing of future events, and involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and CuriosityStream is not under any obligation, and expressly disclaims any obligation to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports that CuriosityStream has filed or will file from time to time with the SEC.

In addition to factors previously disclosed in CuriosityStream’s reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: (i) risks related to CuriosityStream’s ability to maintain and develop new and existing revenue-generating relationships and partnerships or to significantly increase CuriosityStream's subscriber base and retain customers; (ii) the effects of pending and future legislation; (iii) risks of the internet, online commerce and media industry; (iv) the highly competitive nature of the internet, online commerce and media industry and CuriosityStream’s ability to compete therein; (v) litigation, complaints, and/or adverse publicity; (vi) the ability to meet Nasdaq’s listing standards; and (vii) privacy and data protection laws, privacy or data

Well that didn't work out lol

CURI new 52 week low

Got a similar plan. Accumulating JAN24 LEAPS. I think this will take off again at some point in the next year or two

Took a starter $1.35. Will check back 2023, hopefully cashflow+ in a year or two.

6.5 mill share offering coming is my bet... GLTU

Any idea why it’s down so much today?
Long $CURI

$SAQN Merger Vote 10-12

Q2 quarterly report is out.
https://ih.advfn.com/stock-market/NASDAQ/software-acquisition-SAQN/stock-news/83077732/quarterly-report-10-q