CuriosityStream (CURI) Tops Q1 EPS by 3c
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CuriosityStream Announces First Quarter 2022 Financial Results
May 12, 2022 4:05 PM EDTFirst quarter 2022 revenue of $17.6 million, up 77% year over year Establishes new financial targets, including positive cash flow from operations in the first quarter of 2023 and a minimum balance of $50 million in cash, restricted cash, and available for sale investments Cash, restricted cash, and short-term investments in debt securities balance of $85 million and weighted average shares outstanding of 52.8 million as of March 31, 2022 Announces intent to expand distribution and promotion through additional Free, Ad-supported Streaming TV (FAST) channels later in 2022
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