CuriosityStream Inc. (NASDAQ:CURI) Q4 2022 Earnings Call Transcript

Unidentified Analyst: Great. Thank you.

Operator: At this time, I would like to hand the conference back to Mr. Clint Stinchcomb for any additional or closing remarks.

Clint Stinchcomb: Well, I just want to thank everyone for the questions. I thought they were really good and helpful. I want to thank you for the interest in CuriosityStream. We have a lot of day-to-day work to do with our shoulders to the wheel and I am really excited about the actions that we have already taken and the direction that we are headed in. As Peter shared, we have taken the necessary and ongoing steps to significantly reduce our annualized expenses, to focus on the essentials and to move toward positive cash flow. This reset in combination with our strong cash position provides us with maximum control and maximum optionality. Again, we generated double-digit direct sales growth in Q4 and recently implemented a price increase, which we expect to drive significantly higher and lifetime value, while accelerating our path to positive adjusted free cash flow.

Our critical mass content library of over 15,000 programs, combined with additional content that’s flowing in on a daily and weekly basis, that enables us to continually refresh our service, while remaining highly efficient in our content spend. We are off to a great start this year in regard to global partner rollouts of our services and these alliances, they build our more predictable long-term recurring subscription revenues at zero to minimal marketing costs and complement our lumper — our lumpier areas of content monetization. We have a strong balance sheet, zero debt, which we believe cements our excellent strategic position in the current market environment, and Peter and I look forward to updating you on our progress this year as we execute on our plan.

Thanks again.

Operator: Ladies and gentlemen, that does conclude today’s conference. We would like to thank you all for your participation today. You may now disconnect.