Financial Performance - Revenue for Q1 2025 was $15.1 million, representing a 26% increase year-over-year from $12.0 million in Q1 2024[5] - Net income improved to $0.3 million in Q1 2025, compared to a net loss of $5.0 million in Q1 2024[6] - Adjusted EBITDA for Q1 2025 was $1.1 million, a significant turnaround from an adjusted EBITDA loss of $2.8 million in Q1 2024[6] - Revenues for the three months ended March 31, 2025, increased to $15,090,000, up 25.6% from $12,001,000 in the same period of 2024[23] - Operating income improved to $79,000 compared to a loss of $3,654,000 in the prior year, marking a significant turnaround[23] - Net income for Q1 2025 was $319,000, a recovery from a net loss of $5,035,000 in Q1 2024, resulting in a basic and diluted net income per share of $0.01[23] - Adjusted EBITDA for Q1 2025 was $1,102,000, compared to a loss of $2,848,000 in Q1 2024, indicating improved operational efficiency[27] - Net cash provided by operating activities increased to $1,922,000 from $666,000 year-over-year, reflecting stronger cash generation[29] - Adjusted Free Cash Flow for Q1 2025 was $2,005,000, up from $1,186,000 in the same quarter of 2024, demonstrating enhanced cash management[29] Guidance and Future Outlook - The company has guided for Q2 2025 revenue growth of 30-37% year-over-year[5] - The annual dividend was increased by 100% to $0.32, reflecting the company's confidence in future growth[5] Cost Management and Expenses - Total advertising and marketing expenses decreased by 11% year-over-year to $7.9 million[6] - Total operating expenses decreased slightly to $15,011,000 from $15,655,000, indicating cost control efforts[23] - The company incurred $863,000 in stock-based compensation, up from $689,000 in the previous year, reflecting ongoing investment in talent[27] Assets and Cash Position - CuriosityStream's cash, restricted cash, and held-to-maturity securities balance was $39.1 million with no debt as of March 31, 2025[6] - CuriosityStream's total assets as of March 31, 2025, were $85.3 million, a slight decrease from $86.2 million at the end of 2024[21] - Cash, cash equivalents, and restricted cash at the end of the period totaled $9,308,000, compared to $38,875,000 at the end of Q1 2024[25] Investment and Content Acquisition - The company launched new services including Curiosity University and secured rights to over 210,000 hours of video and audio content[10] - The company reported a loss of $151,000 from equity method investments, a significant improvement from a loss of $1,756,000 in the prior year[23]
CURIOSITYSTREAM EQ. WARRT(CURIW) - 2025 Q1 - Quarterly Results