CURI - CuriosityStream: Too Cheap To Ignore
2024-03-19 09:02:35 ET
Summary
- CuriosityStream's shares are selling below their cash value, with a negative enterprise value of $8M.
- The company has experienced a decrease in revenues, but has over 25 million paying subscribers and a content library of over 18,000 programs.
- Steps are being taken to reduce cash burn and move towards positive cash flow, including a price increase and cost-cutting measures.
CuriosityStream ( CURI ) is a global factual entertainment and media company whose shares are selling below their cash value. Currently priced at $0.53, CURI’s market value is $28M, while the company had $40M in cash as of the latest reported financials. The balance sheet is clean with a current ratio of 2.0x and no debt. Even subtracting $4M in long-term operating leases, leaves a net cash position of $36M and a negative enterprise value of $8M. Furthermore, quarterly operating cash outflow had been decreasing sequentially in the last four reported quarters from -$12.6M to -$3.0M, and this improvement trend is expected to continue....
CuriosityStream: Too Cheap To Ignore