Revenue Performance - Revenue for Q4 2024 was $14.1 million, a 12% increase from $12.6 million in Q3 2024, but a decrease from $14.8 million in Q4 2023[6] - Full year 2024 revenue totaled $51.1 million, down from $56.9 million in 2023[6] - CuriosityStream expects Q1 2025 revenue to be in the range of $14.5 - $15.5 million[10] - Total revenues for 2024 were $51,134, a decrease of 10.4% compared to $56,889 in 2023[24] Cash Flow and Losses - Generated significant free cash flow of $9.5 million for 2024, an improvement of $25.5 million over 2023[2] - Achieved highest quarterly adjusted free cash flow of $3.3 million in Q4 2024, an improvement of $5.7 million from Q4 2023[6] - 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, down from $48,896 in 2023, representing a reduction of 73.5%[24] - Adjusted Free Cash Flow for 2024 was $9,507, a significant improvement from $(16,033) in 2023[29] Expenses and Cost Management - Total advertising and marketing and general and administrative 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] 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 fell to $57,848 in 2024 from $72,646 in 2023, a decrease of 20.3%[22] Subscriber Growth and Content Expansion - Launched three new US Hispanic FAST channels and increased content volume by over 200,000 hours[10] - Grew Curiosity University partner subscribers by approximately 50%[10] Dividend Information - New dividend program increased to $0.16 per share annually, with a cash dividend of $0.04 per share for Q1 2025[1][5] EBITDA Performance - Adjusted EBITDA for 2024 was $(6,042), an improvement from $(20,187) in 2023[28] - Net cash provided by operating activities was $8,151 in 2024, compared to $(16,172) in 2023[26]
CURIOSITYSTREAM EQ. WARRT(CURIW) - 2024 Q4 - Annual Results