UriosityStream posted increased sales in 4Q than anticipated and offered a better 2021 forecast than analysts’ estimates. In the Wednesday premarket trading session, CuriosityStream stock is up around 1.7%.
CuriosityStream (CURI) sales soared to $11.4 million by 70% over the year and marginally over the planned $11.22 million in street revenues. The stark growth in its top line indicates solid growth for subscribers. Paid subscribers of the company grew annually to about 15 million by 50 percent.
The net loss of $ 15.7 million was worse than the loss of $ 14.6 million over the previous year due to reduced profit profits and a loss of operations in four quarters.
The group anticipates sales of at least $71 million for 2021 and this means annual growth of 80%. Revenue of $70.6 million was forecast from analysts. Laura Martin from Needham analyst has retained a Buy rate and an inventory price objective of $25 (51.8% upside potential). The analyst told investors that “COVID-19 lock-downs in 2020 have driven market movements towards streaming and OTT [over-the-top] Nasdaq: Tops at https://www.webull.com/quote/nasdaq-tops worldwide.” She said, “CURI is well placed to profit from the streaming movement.”
The Street has a consent rate based on 4 purchases and 1 hold overall on the stock. The analyst’s consensus price goal of $21,40 means that existing prices have an upward opportunity of about 30 percent. The firm listed on NASDAQ on Oct. 15, 2020 gained more than 47%.
The Equity Investors Tool by TipRanks has shown investors that their position on CURI is currently very good, with 2.9% of investors exposing more than 7 days of CURI.
Vital Farms (VITL), which has been estimated by analysts to have lost 0,02 dollars per share, posted a 4Q loss of 0,02 dollars. The previous year’s segment had …