Join a Global Movement of People Using the Universe's Most Powerful Tool – Collective Intention – to Transform Your Life, the Lives of Your Loved Ones, and the World Around You BOULDER, Colo., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Gaia, Inc. (NASDAQ:GAIA) ("Gaia" and/or the "Company"), a conscious media and community company, announced its groundbreaking documentary, The Power of Intention with Lynne McTaggart, is available for free at Gaia.com/peace. What if science can prove that a simple, 10-minute group int ...

BOULDER, Colo., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Gaia, Inc. (NASDAQ: GAIA), a conscious media and community company, will conduct a conference call on Monday, November 4, 2024, at 4:30 p.m. Eastern time (2:30 p.m. Mountain time) to discuss its financial results for the third quarter ended September 30, 2024. The company will report its financial results in a press release prior to the call. Gaia management will host the conference call, followed by a question and answer period. Date: Monday, November 4, 20 ...

. . Gaia to Present at the LD Micro Main Event XVII on October 29, 2024 October 18, 2024 8:30 AM EDT | Source: LD Micro Boulder, Colorado--(Newsfile Corp. - October 18, 2024) - Gaia, Inc. (NASDAQ: GAIA), a conscious media and community company, has been invited to present at the LD Micro Main Event XVII held from October 28- 30, 2024 at the Luxe Sunset Boulevard Hotel in Los Angeles. The event is expected to feature over 130 companies in the microcap space. Gaia CEO James Colquhoun and Gaia CFO Ned Preston ...

Group 1 - Gaia, Inc. is scheduled to attend three investor conferences in September, with CEO James Colquhoun and CFO Ned Preston presenting and available for meetings with investors [1] - The company operates a global video streaming service that produces and curates conscious media across four primary channels: Seeking Truth, Transformation, Alternative Healing, and Yoga [2] - Gaia's content library includes over 10,000 titles, with more than 85% being exclusive to the platform, and approximately 75% of viewership comes from content produced or owned by Gaia [2] Group 2 - Gaia serves members in 185 countries and offers content in four languages: English, Spanish, French, and German [2] - The service is accessible on various platforms, including Apple TV, iOS, Android, Roku, Chromecast, and is available through Amazon Prime Video and Comcast Xfinity [2]

SAN DIEGO, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP is investigating potential claims on behalf of Gaia, Inc. (NASDAQ: GAIA) —headquartered in Louisville, Colorado—against certain of its officers and directors. If you are a current, long-term shareholder of Gaia holding shares before December 26, 2017, you may have standing to hold Gaia harmless from the alleged harm caused by the Company's officers and directors by making them personally responsible. You may also be able to assist in reforming ...

Date: Monday, August 5, 2024 Time: 4:30 p.m. Eastern time (2:30 p.m. Mountain time) Toll-free dial-in number: 1-877-269-7751 International dial-in number: 1-201-389-0908 Conference ID: 13747669 Toll-free replay number: 1-844-512-2921 International replay number: 1-412-317-6671 Replay ID: 13747669 Gaia management will host the conference call, followed by a question and answer period. The conference call will be broadcast live and available for replay here and via ir.gaia.com. About Gaia Company Contact: Inv ...

Core Insights - Penny stocks, typically priced under $5, present high-risk, high-reward investment opportunities, especially in volatile markets [1] - The article focuses on three penny stocks with distinct strengths and strategic advantages that may lead to significant market valuation increases [1] OppFi (OPFI) - OppFi provides personal loans and credit products to underserved populations [3] - The company's cash reached $88.7 million, a 20% increase from the end of 2023, enhancing its liquidity for strategic initiatives [4] - OppFi's net charge-off rate decreased by 1.1% YoY to 47.9%, indicating improved risk management [4] - In Q1 2024, OppFi's net income increased by 157.8% YoY to $10.1 million, with adjusted net income growing by 127.8% to $8.8 million [10] - Total expenses as a percentage of revenue decreased by 2.7% to 40.6%, contributing to enhanced profitability [10] - OppFi is recognized as a top penny stock due to its potential for significant bottom-line growth [11] Gaia (GAIA) - Gaia operates as a subscription video streaming service focused on personal growth and spirituality [12] - The company reported a gross profit increase to $18.5 million in Q1 2024, up from $16.9 million in Q1 2023, reflecting effective cost management [6] - Gaia's membership grew by 33,000 net members to 839,000, marking a 10% YoY increase, which is crucial for revenue generation [12] - The increase in membership supports upselling premium memberships, leading to a rise in average revenue per user (ARPU) [12] - Gaia's strategic initiatives, including rebranding and marketing campaigns, have positively impacted its financial performance [6][12] HUYA (HUYA) - HUYA is a leading live-streaming game platform in China, focusing on monetizing its user base [17] - The company reported a gross margin of 14.7% in Q1 2024, driven by the growth of game-related services [14] - HUYA reduced total operating expenses by 17.8% YoY, demonstrating efficient cost management while achieving revenue growth [14] - The average spending levels through HUYA's distribution channels are performing well, indicating a growing ARPU [17] - The company expects to further increase ARPU by expanding its offerings of game-related services and in-game items [17]

"We've brought this film to Gaia to serve as a beacon of hope and inspire viewers to know that through aligned action, they are capable of creating a brighter, healthier future for generations to come," said James Colquhoun, Gaia CEO. "As we continue to grow our robust content library, Gaia remains committed to sharing stories that have the potential to make a profound impact on the world. We look forward to seeing our viewers' reactions to this transformative and inspiring documentary as they embark on the ...

Company Overview - Gaia, Inc. is a conscious media and community company that operates a global video streaming service, producing and curating content across four primary channels: Seeking Truth, Transformation, Alternative Healing, and Yoga [3]. - The company offers content in four languages (English, Spanish, French, and German) to members in 185 countries, with a library of over 10,000 titles, of which over 88% is exclusive to Gaia [3]. Upcoming Event - Gaia's CEO James Colquhoun and CFO Ned Preston will present at Water Tower Research's inaugural Consumer Products Virtual Investor Conference on June 5, 2024, at 3:15 PM ET [2][3]. - The conference will feature presentations from various branded consumer products companies and is complimentary for investors [3]. Investor Relations - Water Tower Research aims to modernize investor relations through research-driven communications and engagement, providing equal access to high-quality company research for both institutional and retail investors [4].

PART I—FINANCIAL INFORMATION [Item 1. Financial Statements (Unaudited)](index=3&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) Q1 2024 unaudited financials report revenue growth to $21.7 million, a reduced net loss, and positive operating cash flow [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets increased to $133.8 million, liabilities rose to $47.7 million, and equity slightly decreased as of March 31, 2024 Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2024 | December 31, 2023 | | :--- | :--- | :--- | | Cash and cash equivalents | $8,599 | $7,766 | | Total current assets | $21,460 | $16,083 | | Media library, net | $39,296 | $40,125 | | Total assets | $133,842 | $130,273 | | Total current liabilities | $35,868 | $31,433 | | Total liabilities | $47,684 | $43,493 | | Total equity | $86,158 | $86,780 | [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q1 2024 revenues grew 10.4% to $21.7 million, gross margin slightly dipped, and net loss improved to $1.0 million Q1 2024 vs Q1 2023 Statement of Operations (in thousands, except per share data) | Metric | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Revenues, net | $21,693 | $19,647 | | Gross profit | $18,525 | $16,874 | | Loss from operations | $(863) | $(1,022) | | Net loss attributable to common shareholders | $(1,045) | $(1,306) | | Diluted loss per share | $(0.05) | $(0.06) | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operations significantly increased to $5.9 million in Q1 2024, driven by lower net loss and working capital changes Q1 2024 vs Q1 2023 Cash Flows (in thousands) | Activity | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Net cash provided by operating activities | $5,936 | $686 | | Net cash used in investing activities | $(1,073) | $(1,418) | | Net cash (used in) provided by financing activities | $(30) | $18 | | Net change in cash, cash equivalents and restricted cash | $4,833 | $(714) | [Notes to Interim Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Interim%20Condensed%20Consolidated%20Financial%20Statements) Notes cover operations, revenue recognition, debt, geographic revenue, and a $10.8 million subsidiary equity financing - Gaia operates a global digital video subscription service with over **10,000 titles**, focusing on channels like Yoga, Transformation, Alternative Healing, and Seeking Truth, with **88% of content exclusive**[17](index=17&type=chunk)[18](index=18&type=chunk) - The company has a **$13.0 million mortgage** maturing in 2025 and a **$10.0 million revolving credit facility** with KeyBank maturing in 2025, with no outstanding borrowings as of March 31, 2024[29](index=29&type=chunk)[30](index=30&type=chunk)[31](index=31&type=chunk) Revenue by Geography (in thousands) | Region | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | United States | $12,146 | $11,715 | | International | $9,547 | $7,932 | | **Total** | **$21,693** | **$19,647** | - In April 2024, a majority-owned subsidiary raised approximately **$10.8 million in equity financing**, including a **$4.0 million investment from Gaia**, to acquire a technology license[45](index=45&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=12&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes Q1 2024 revenue growth to member count, notes slight gross margin dip, and confirms sufficient liquidity for planned capital expenditures [Results of Operations](index=13&type=section&id=Results%20of%20Operations) Q1 2024 revenues increased 10.7% due to member growth, gross margin slightly decreased, and operating expenses rose while G&A declined - Revenues increased **10.7% to $21.7 million** in Q1 2024, primarily driven by an increase in member count[54](index=54&type=chunk) - Gross profit margin decreased slightly to **85.4%** in Q1 2024 from 85.9% in Q1 2023, mainly due to increased content amortization from investment in original content[55](index=55&type=chunk) - Selling and operating expenses increased by **10.6% to $17.8 million**, driven by higher people-related and marketing expenses[56](index=56&type=chunk) - Corporate, general and administration expenses decreased by **11.1% to $1.6 million**, primarily due to lower salary and payroll-related expenses[58](index=58&type=chunk) [Liquidity and Capital Resources](index=14&type=section&id=Liquidity%20and%20Capital%20Resources) The company plans $10.0-$12.0 million in 2024 capital expenditures, funded by operating cash flow, and maintains sufficient liquidity with existing cash and credit - Budgeted content and capital expenditures for the rest of 2024 are expected to be between **$10.0 million and $12.0 million**, funded by cash flows from operations[61](index=61&type=chunk) - The company generated **$5.9 million in cash from operations** in Q1 2024 and had a cash balance of **$8.6 million** as of March 31, 2024[61](index=61&type=chunk) - Management believes current cash, expected operating cash flows, and a **$10 million revolving line of credit** will be sufficient to fund operations on both a short-term and long-term basis[65](index=65&type=chunk) [Cash Flows](index=15&type=section&id=Cash%20Flows) Q1 2024 operating cash flow significantly increased by $5.3 million due to earnings and working capital, while investing cash outflow decreased Cash Flow Summary (in thousands) | Activity | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Operating activities | $5,936 | $686 | | Investing activities | $(1,073) | $(1,418) | | Financing activities | $(30) | $18 | - The **$5.3 million increase** in cash from operations was primarily driven by changes in earnings and timing of working capital, particularly accrued liabilities and deferred revenues[66](index=66&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=15&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) As a smaller reporting company, Gaia, Inc. is exempt from providing quantitative and qualitative market risk disclosures - The company is a smaller reporting company as defined in Rule 12b-2 of the Securities Exchange Act of 1934 and is not required to provide information under this item[68](index=68&type=chunk) [Item 4. Controls and Procedures](index=15&type=section&id=Item%204.%20Controls%20and%20Procedures) Disclosure controls were ineffective as of March 31, 2024, due to material weaknesses in technical accounting and financial close processes, with remediation ongoing - Management concluded that disclosure controls and procedures were **not effective** as of March 31, 2024, due to previously identified material weaknesses in internal control over financial reporting[69](index=69&type=chunk) - The material weaknesses identified as of December 31, 2023, were: (1) lack of appropriate technical accounting and financial reporting capabilities for complex transactions, and (2) an inadequate financial close and reporting process[70](index=70&type=chunk)[71](index=71&type=chunk) - Ongoing remediation efforts include implementing additional procedures in the financial close process, enhancing system capabilities, improving reconciliation and review controls, and enhancing access to accounting training and expertise[72](index=72&type=chunk)[73](index=73&type=chunk) PART II—OTHER INFORMATION [Item 1. Legal Proceedings](index=17&type=section&id=Item%201.%20Legal%20Proceedings) The company reported no legal proceedings during the period - None[78](index=78&type=chunk) [Item 1A. Risk Factors](index=17&type=section&id=Item%201A.%20Risk%20Factors) The company incorporates by reference the Risk Factors from its Annual Report on Form 10-K for the year ended December 31, 2023 - The company incorporates by reference the Risk Factors included in its Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on March 29, 2024[79](index=79&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=17&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities or use of proceeds during the period - None[80](index=80&type=chunk) [Item 6. Exhibits](index=18&type=section&id=Item%206.%20Exhibits) The report lists filed exhibits, including CEO and CFO certifications and Inline XBRL documents - Exhibits filed with the report include CEO and CFO certifications (31.1, 31.2, 32.1, 32.2) and Inline XBRL data files (101 series)[84](index=84&type=chunk)