CuriosityStream Expects Q3 Revenue Of $12M - $14M, Est $16.24M
Portfolio Pulse from Benzinga Newsdesk
CuriosityStream expects Q3 revenue between $12M and $14M, below the estimated $16.24M. The company highlights positive cash flow, a dividend program funded by surplus cash, $40 million in cash and equivalents, no debt, and an extensive library as indicators of a positive trajectory for the remainder of 2024 and beyond.
August 13, 2024 | 8:34 pm
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CuriosityStream's Q3 revenue guidance of $12M-$14M falls short of the $16.24M estimate. However, the company emphasizes positive cash flow, a dividend program, $40M in cash, no debt, and an extensive library as positive indicators for 2024.
The lower-than-expected Q3 revenue guidance is likely to negatively impact the stock price in the short term. However, the company's strong cash position, no debt, and positive outlook for 2024 may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100