Content analysis
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Legalese | ||
Litigous | ||
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H.S. sophomore Avg
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New words:
ahead, Andrew, announced, attrition, AVOD, aware, barter, bid, bought, Burke, campaign, chargeback, compensatory, complicate, confirm, consecutive, Coordinator, core, counterparty, Da, Description, document, dozen, duly, EBITDA, Elizabeth, emphasizing, encompassing, Erroneously, exacerbated, exhibit, explanation, fewer, firewall, formatted, fortify, FuboTV, furnished, Hendrix, hereof, Huberman, Inline, insider, intelligence, Interactive, Izzi, Jonathan, Keeley, Kidstream, Label, left, Linkbase, macro, malware, margin, Matthew, microeconomic, Mike, morale, neighboring, Nikzad, noncash, nonrecurring, outlay, Page, panel, Peter, point, posture, presale, prescribed, proactive, proactively, promptly, ransomware, rationalization, recovery, refocused, regain, region, remuneration, role, Saravia, saving, Schema, seamlessly, signaled, standalone, streamlined, substance, tailored, Taxonomy, thereunto, threatened, Treasurer, trend, TVOD, undersigned, unplanned, unwanted, Vice, vigilant, Vinci, Westley, XBRL
Removed:
accrual, air, altered, building, care, cleaning, CODM, commitment, composed, comprising, computation, conference, contact, converted, deducting, disposable, distancing, economy, encountered, evolution, filter, final, hamper, HEPA, Installing, intrinsic, laden, Mandating, necessitate, noted, offered, partnership, permanent, post, remote, repayment, robust, room, safety, sanitization, sanitizer, scale, scaling, Sony, stage, summarize, Supplementary, supply, suspended, TataSky, temporarily, thousand, unclear, underwriting, weakened, whichever, window, worn, yearly
Financial report summary
?Risks
- If our efforts to attract and retain users are not successful, our business will be adversely affected.
- If we do not continuously provide value to our users, including making improvements to our service in a manner that is favorably received by them, our revenue, results of operations and business will be adversely affected.
- We may be unable to realize intended efficiencies and benefits from our ongoing cost-savings initiatives, which may adversely affect our profitability, financial condition or our business.
- We have a history of net losses, and we anticipate that we will experience net losses for the foreseeable future.
- Our operating results are expected to be difficult to predict based on a number of factors that also may affect our long-term performance.
- If we are not able to manage our growth, our business could be adversely affected.
- Our business could be adversely impacted by costs and challenges associated with strategic acquisitions and investments, including joint ventures.
- Certain of our growth strategies are untested, unproven or not yet fully developed.
- If we experience excessive rates of user churn, our revenues and business will be harmed.
- If our efforts to build a strong brand identity and improve user satisfaction and loyalty are not successful, we may not be able to attract or retain users, and our operating results may be adversely affected.
- We may be unable to compete successfully against current and future competitors, and competitive pressures could harm our business and prospects.
- We face risks, such as unforeseen costs and potential liability, in connection with content we acquire, produce, license and/or distribute through our service.
- We rely upon a number of partners to make our service available on their platforms and devices.
- We are subject to payment processing risk.
- Distributors’ failure to promote our content could adversely affect our revenue and could adversely affect our business results.
- If we fail to maintain or, in newer markets establish, a positive reputation with consumers concerning our service and the content we offer, we may not be able to attract or retain users, we may face regulatory scrutiny and our operating results may be adversely affected.
- Changes in competitive offerings for video entertainment, including the potential rapid adoption of piracy-based video offerings, could adversely impact our business.
- If government regulations relating to the internet or other areas of our business change, we may need to alter the manner in which we conduct our business or incur greater operating expenses.
- Changes in how we market our service, or increases in our advertising rates, could adversely affect our marketing expenses and user levels may be adversely affected.
- Emerging industry trends in digital advertising may pose challenges for our ability to forecast or optimize our advertising inventory, which may adversely impact our ability to capture advertising spend.
- Our user metrics and other estimates are subject to inherent challenges in measurement, and real or perceived inaccuracies in those metrics may seriously harm and negatively affect our reputation and our business.
- We rely on subscription data provided by our third-party distributors and platform partners that has not been independently verified, and inaccuracies in that data may seriously harm and adversely affect our reputation and our business.
- Our business emphasizes rapid innovation and prioritizes long-term user engagement over short-term financial condition or results of operations, which strategy could have an adverse impact on our business, operating results and financial condition.
- We may incur non-cash impairment charges for our content assets, goodwill, other intangible assets and equity method investments which would negatively impact our business, financial condition and operating results.
- RISKS RELATED TO INTELLECTUAL PROPERTY
- If content providers or other rights holders refuse to license streaming content or other rights upon terms acceptable to us, our business could be adversely affected.
- If our trademarks and other proprietary rights are not adequately protected to prevent use or appropriation by our competitors, the value of our brand and other intangible assets may be diminished and our business may be adversely affected.
- Intellectual property claims against us could be costly and result in the loss of significant rights related to, among other things, our website, streaming technology, our recommendation and promotion capabilities, title selection processes and marketing activities.
- RISKS RELATED TO LIQUIDITY
- We may find it difficult to successfully compete without significant capital investment or loans beyond what is available to us in current and future capital raising efforts.
- We may not be able to generate sufficient cash to service our obligations and any debt we may incur in the future.
- Our cash and cash equivalents could be adversely affected if the financial institutions in which we hold our cash and cash equivalents fail.
- We have a substantial amount of obligations, including streaming content obligations, which, together with any debt we may incur in the future, could adversely affect our financial position, and we may not be able to generate sufficient cash to service our obligations.
- The long-term and fixed cost nature of our content commitments may limit our operating flexibility and could adversely affect our liquidity and results of operations.
- RISKS RELATED TO INFORMATION TECHNOLOGY
- Any significant disruption in or unauthorized access to our computer systems or those of third parties that we utilize in our operations, including those relating to cybersecurity or arising from cyber-attacks, could result in a loss or degradation of service, unauthorized access, harm to our reputation, disclosure or destruction of data, including user and corporate information, or theft of intellectual property, including digital content assets, which could adversely impact our business.
- If the technology we use in operating our business fails, is unavailable, or does not operate to expectations, our business and results of operations could be adversely impacted.
- We rely upon Amazon Web Services (“AWS”) to operate certain aspects of our service, and any disruption of or interference with our use of AWS would impact our operations and our business would be adversely affected.
- Interruptions or delays in service arising from our own systems or from our third-party vendors could impair the delivery of our service and harm our business.
- Some of our services and technologies may use open-source software, which may restrict how we use or distribute our service or require that we release the source code of certain services subject to those licenses.
- Changes in how network operators handle and charge for access to data that travel across their networks could adversely impact our business.
- We are at risk of attempts at unauthorized access to our service through cyberattacks, and failure to effectively prevent and remediate such attempts could have an adverse impact on our business, operating results and financial condition.
- We could be subject to economic, political, regulatory and other risks arising from our international operations.
- We are potentially subject to taxation related risks in multiple jurisdictions, and changes in U.S. and non-U.S. tax laws could have a material adverse effect on our business, cash flow, results of operations or financial condition.
- RISKS RELATED TO OWNERSHIP OF OUR COMMON STOCK
- NASDAQ may delist our securities from trading on its exchange, which could limit investors’ ability to make transactions in our securities and subject us to additional trading restrictions.
- Our stock price may change significantly and you could lose all or part of your investment as a result.
- If securities analysts do not publish research or reports about our business or if they downgrade our stock or our sector, our stock price and trading volume could decline.
- There can be no assurance that we will continue to declare cash dividends.
- Future sales, or the perception of future sales, by us or our stockholders in the public market could cause the market price for our Common Stock to decline.
- Certain of our stockholders may engage in business activities that compete with us or otherwise conflict with our interests.
- We are an “emerging growth company,” and the reduced disclosure requirements applicable to emerging growth companies may make our Common Stock less attractive to investors.
- An active, liquid trading market for our Common Stock may not be sustained, which may make selling the Common Stock you purchased more difficult.
- Anti-takeover provisions in our organizational documents could delay or prevent a change of control.
- Our Charter designates the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, employees or stockholders.
- Privacy concerns could limit our ability to collect and leverage our user data and disclosure of user data could adversely impact our business and reputation.
- Our reputation and relationships with users would be harmed if our user data, particularly billing data, were to be accessed by unauthorized persons.
- We may lose key employees or may be unable to hire qualified employees, and the failure to maintain and improve our company culture may adversely affect our business.
- Our Private Placement Warrants are accounted for as liabilities and the changes in value of our Private Placement Warrants could have a material effect on our financial results.
- From time to time, we may be engaged in legal proceedings that could cause us to incur unforeseen expenses and could occupy a significant amount of our management’s time and attention.
- We incur significant costs as a result of operating as a public company.
- Compliance obligations under the Sarbanes-Oxley Act require substantial financial and management resources.
Management Discussion
- ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
- Founded by John Hendricks, founder of the Discovery Channel and former Chairman of Discovery Communications, CuriosityStream is a media and entertainment company that offers premium video and audio programming across the principal categories of factual entertainment, including science, history, society, nature, lifestyle and technology. Our mission is to provide premium factual entertainment that informs, enchants and inspires.
- We seek to meet demand for high-quality factual entertainment via SVOD platforms, content licensing, bundled content licenses for SVOD and linear offerings, talks and courses and partner bulk sales.