CuriosityStream (NASDAQ:CURI) Announces Quarterly Earnings Results

CuriosityStream (NASDAQ:CURI) released its quarterly earnings report on Wednesday. For the quarter, the company reported an earnings loss of ($0.06) per share, which fell short of analysts' expectations, who had predicted a loss of only ($0.01) per share, as indicated by Zacks. The company generated a total revenue of $12.60 million during the quarter, which again was below the analysts' forecast of $13.80 million.

In terms of financial performance, CuriosityStream experienced a negative net margin of 28.56%, alongside a negative return on equity of 21.70%. Last year in the same quarter, the company had a larger earnings loss of ($0.14) per share.

CuriosityStream Stock Movement

Despite the disappointing earnings report, CuriosityStream's stock price saw an uptick. On the trading day following the announcement, shares of CURI rose by 2.1%, reaching $1.97 per share. Approximately 353,087 shares changed hands, with an average trading volume noted at 409,066. The company's fifty-day moving average is priced at $2.06, while the two-hundred-day moving average stands at $1.45. Over the past year, CuriosityStream's stock has ranged from a low of $0.45 to a high of $3.00. Currently, the company's market capitalization is valued at $107.56 million, with a price-to-earnings ratio of -7.04, and a beta coefficient of 1.15.

Dividend Announcement

In addition to the earnings results, CuriosityStream also announced a quarterly dividend of $0.025 per share, set to be paid out on Friday, March 28th. Shareholders who are on record as of Friday, March 14th, will be eligible to receive this dividend. The ex-dividend date for this payout is also set for March 14th. This translates to an annualized dividend of $0.10, yielding approximately 5.08%. Currently, CuriosityStream's dividend payout ratio is at -35.71%.

Insider Transactions

In the realm of insider trading, significant activities have been recorded. Director Jonathan Huberman sold 120,861 shares of CuriosityStream on August 28th at an average price of $1.47, totaling approximately $177,665.67 in value. Following this transaction, Huberman still retains 1,433,576 shares valued around $2,107,356.72. Similarly, Director Michael Nikzad sold 27,112 shares on August 26th for an average price of $1.21, yielding about $32,805.52. After the sale, he holds 159,883 shares worth around $193,458.43. Notably, over the last three months, insiders collectively sold 283,673 shares of the company amounting to approximately $379,977. It is worth noting that corporate insiders own about 49.60% of CuriosityStream's stock.

Analysts' Outlook

On the analyst front, Needham & Company LLC has recently raised its price target for CuriosityStream's shares from $1.35 to $3.00, maintaining a 'buy' rating on the stock, which suggests a positive outlook for the company's future performance.

About CuriosityStream

CuriosityStream Inc operates a streaming service focused on factual content and media. It offers premium video and audio programming across various factual entertainment genres including science, history, society, nature, lifestyle, and technology. Users can access this content through direct subscription video on demand (SVoD) platforms on internet-enabled devices, as well as indirectly through distribution partners.

Earnings, Stocks, CuriosityStream