Chicken Soup for the Soul Entertainment cuts costs a year after buying Redbox

August 15, 2023
A year after Chicken Soup for the Soul Entertainment (CSSE) purchased Redbox for $375 million, the company continues to be hit by losses and looks to reduce costs across all aspects of its business. CSSE reported its second quarter 2023 earnings this week, which showed a net loss of $43.7 million– more than double the […]

Jumia expects losses not to exceed $100M this year, per Q3 financials

August 15, 2023
In the first quarter of 2023, we reported that Jumia recorded its lowest losses in four years. Its adjusted EBITDA and operating losses dropped to $27 million and $30.9 million. Those numbers represented a 55% and 57% decrease year-over-year, on track to meet the company’s end-of-year target of $100-120 million in adjusted losses. Jumia’s recently […]

Intuitive Machines sets November launch date for lunar lander mission

August 15, 2023
Lunar technology company Intuitive Machines may well be the first private American company to land a spacecraft on the moon. The company said Monday that it was targeting a six-day slot starting on November 15 to launch its IM-1 lunar lander mission on a SpaceX Falcon 9 rocket. Intuitive Machines is one of a trio […]

Configu raises a $3M pre-seed round for its configuration-as-code platform

August 15, 2023
Nobody loves managing configuration files for their applications and as systems get ever more complex and distributed, errors — and the potential security issues that come with that — can easily multiply. Infrastructure-as-code has gone mainstream over the course of the last few years and now, Tel Aviv-based open-source startup Configu wants to bring configuration-as-code […]