Gaia(GAIA)
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3 Penny Stocks Aiming for a 500% Increase by 2025
Investor Place· 2024-07-08 19:07
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]
New Documentary Produced By Joaquin Phoenix Now Available Exclusively on Gaia, "Love Over Money"
Newsfilter· 2024-06-06 12:00
"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 ...
Gaia to Present at Water Tower Research's Inaugural Consumer Products Virtual Investor Conference June 5 and 6
newsfilecorp.com· 2024-05-28 12:00
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].
Gaia(GAIA) - 2024 Q1 - Quarterly Report
2024-05-06 20:05
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)
Gaia(GAIA) - 2024 Q1 - Quarterly Results
2024-05-06 20:04
[Executive Summary & Q1 2024 Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Q1%202024%20Highlights) This section provides an overview of Gaia, Inc.'s strong Q1 2024 performance, highlighting improved marketing efficiency, significant member growth, and positive cash flow achievements [Q1 2024 Performance Overview](index=1&type=section&id=Q1%202024%20Performance%20Overview) Gaia, Inc. reported strong Q1 2024 results, demonstrating improved marketing efficiency, significant member growth, and positive cash flow. The company saw a 10% decrease in customer acquisition costs, doubled net member additions, and achieved its fourth consecutive quarter of positive free cash flow - Customer acquisition costs decreased by **10%** in Q1 2024[2](index=2&type=chunk) - Net member addition **doubled to 33,000** in Q1 2024, up from 16,000 in Q4 2023, reaching a total of **839,000 members**[2](index=2&type=chunk) - Re-branded premium membership tier from Events+ to Gaia+, achieving the highest one-month increase in premium members since its launch in October 2019[2](index=2&type=chunk) - Deferred revenue on the balance sheet increased by **$2.0 million** during the quarter due to increased focus on direct-to-paid campaigns, annual memberships, and the new Gaia+ tier[2](index=2&type=chunk) Q1 2024 Key Financial & Operational Highlights (in thousands) | Metric | Q1 2024 | Q1 2023 | Change (YoY) | | :-------------------------------- | :---------- | :---------- | :----------- | | Revenues | $21,700 | $19,600 | +11% | | Operating Cash Flows | $5,900 | $700 | +$5,200 | | Free Cash Flow | $1,000 | $(600) | +$1,600 | | Net Loss | $(1,000) | $(1,300) | Improved | | Loss Per Share | $(0.05) | $(0.06) | Improved | | Member Count | 839,000 | 766,500 | +9% | | Gross Profit | $18,500 | $16,900 | +$1,600 | - Cash balance as of March 31, 2024, grew to **$8.6 million**, with an unused **$10 million** line of credit[4](index=4&type=chunk) - Achieved the highest single quarter of membership growth since Q1 2021[4](index=4&type=chunk) [Company Information](index=2&type=section&id=Company%20Information) This section details Gaia's mission, content offerings, investor communication channels, forward-looking statement disclaimers, non-GAAP measure definitions, and contact information [About Gaia](index=2&type=section&id=About%20Gaia) Gaia is a global, member-supported video streaming service and community specializing in conscious media. It offers a vast library of exclusive content across four primary channels in multiple languages to members in 185 countries, accessible on various platforms - Gaia is a member-supported global video streaming service and community[6](index=6&type=chunk) - Produces and curates conscious media through **four primary channels**: Seeking Truth, Transformation, Alternative Healing, and Yoga[6](index=6&type=chunk) - Content is available in **four languages** (English, Spanish, French, German) to members in **185 countries**[6](index=6&type=chunk) - Library includes over **10,000 titles**, with over **88% exclusive** to Gaia, and approximately **75% of viewership** from content produced or owned by Gaia[6](index=6&type=chunk) [Conference Call Details](index=2&type=section&id=Conference%20Call%20Details) This section provides the schedule and access information for Gaia's First Quarter 2024 financial results conference call and its subsequent telephonic replay - The conference call was held on Monday, May 6, 2024, at **4:30 p.m. Eastern time**[5](index=5&type=chunk) - Dial-in numbers: Toll-free **1-877-269-7751**, International **1-201-389-0908**, Conference ID: **13746134**[5](index=5&type=chunk) - A telephonic replay was available after **7:30 p.m. Eastern time** on the same day through May 27, 2024, with replay ID **13746134**[6](index=6&type=chunk) [Forward-Looking Statements](index=2&type=section&id=Forward-Looking%20Statements) This section serves as a cautionary statement, indicating that the press release contains forward-looking statements subject to various risks and uncertainties. Actual results may differ materially from projections due to factors outlined in SEC filings, and the company undertakes no obligation to update these statements - The press release contains forward-looking statements that involve risks and uncertainties[7](index=7&type=chunk) - Actual results could differ materially due to factors such as the ability to attract and retain members, competition, service disruptions, general economic conditions, and other risks detailed in SEC filings (e.g., Form 10-K)[7](index=7&type=chunk)[8](index=8&type=chunk) - The company undertakes no obligation to update any forward-looking information[8](index=8&type=chunk) [Non-GAAP Measures](index=3&type=section&id=Non-GAAP%20Measures) This section defines Free Cash Flow as a non-GAAP financial measure, explaining its calculation and its utility for management and investors in assessing performance. It also cautions that this measure should not be considered a substitute for GAAP results and may not be comparable to similarly titled measures from other companies - Free Cash Flow is a non-GAAP financial measure[9](index=9&type=chunk) - Free Cash Flow is calculated as net cash provided by operating activities, adjusted for interest payments, and less capital expenditures[9](index=9&type=chunk) - Non-GAAP measures are used by management and investors to assess performance but should not substitute GAAP results and may not be comparable to other companies' calculations[9](index=9&type=chunk) [Contact Information](index=3&type=section&id=Contact%20Information) This section provides the contact details for Gaia's Chief Financial Officer and its Investor Relations firm for inquiries - Company Contact: Ned Preston, Chief Financial Officer, Gaia, Inc. (Investors@gaia.com)[10](index=10&type=chunk) - Investor Relations: Gateway Group, Inc., Cody Slach (**(949) 574-3860**, GAIA@gateway-grp.com)[10](index=10&type=chunk) [Financial Statements](index=4&type=section&id=Financial%20Statements) This section presents Gaia's condensed consolidated balance sheets, statements of operations, cash flows, and free cash flow reconciliation for the reported periods [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The balance sheet shows an increase in total assets and liabilities from December 31, 2023, to March 31, 2024, driven by higher cash, restricted cash, and deferred revenue, while total equity slightly decreased Condensed Consolidated Balance Sheet Highlights (in thousands) | Item | March 31, 2024 | December 31, 2023 | Change | | :-------------------------------- | :------------- | :---------------- | :----- | | Total assets | $133,842 | $130,273 | +$3,569 | | Cash and cash equivalents | $8,599 | $7,766 | +$833 | | Restricted Cash | $4,000 | — | +$4,000 | | Total current assets | $21,460 | $16,083 | +$5,377 | | Deferred revenue | $17,815 | $15,861 | +$1,954 | | Total liabilities | $47,684 | $43,493 | +$4,191 | | Total equity | $86,158 | $86,780 | - $622 | [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For Q1 2024, Gaia reported an 11% increase in revenues year-over-year, leading to an improved net loss and loss per share, despite a slight decrease in gross margin. Operating expenses also increased Condensed Consolidated Statements of Operations Highlights (in thousands, except per share data) | Item | Q1 2024 | Q1 2023 | Change (YoY) | | :-------------------------------- | :---------- | :---------- | :----------- | | Revenues, net | $21,693 | $19,647 | +$2,046 (11%) | | Cost of revenues | $3,168 | $2,773 | +$395 | | Gross profit | $18,525 | $16,874 | +$1,651 | | Gross margin | 85.4% | 85.9% | -0.5 pp | | Total operating expenses | $19,388 | $17,896 | +$1,492 | | Loss from operations | $(863) | $(1,022) | Improved by $159 | | Net loss attributable to common shareholders | $(1,045) | $(1,306) | Improved by $261 | | Loss per share (Basic & Diluted) | $(0.05) | $(0.06) | Improved by $0.01 | [Condensed Consolidated Statement of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) Gaia experienced a significant improvement in net cash provided by operating activities in Q1 2024 compared to the prior year, contributing to a positive net change in cash, cash equivalents, and restricted cash Condensed Consolidated Statement of Cash Flows Highlights (in thousands) | Item | Q1 2024 | Q1 2023 | Change (YoY) | | :-------------------------------- | :---------- | :---------- | :----------- | | Net cash provided by operating activities | $5,936 | $686 | +$5,250 | | Net cash used in investing activities | $(1,073) | $(1,418) | Improved by $345 | | Net cash (used in) provided by financing activities | $(30) | $18 | -$48 | | Net change in cash, cash equivalents, and restricted cash | $4,833 | $(714) | +$5,547 | [Free Cash Flow Reconciliation](index=7&type=section&id=Free%20Cash%20Flow%20Reconciliation) The reconciliation demonstrates Gaia's positive Free Cash Flow of $971 thousand in Q1 2024, a substantial improvement from a negative Free Cash Flow in the prior year, reflecting strong operational cash generation despite an increase in restricted cash Free Cash Flow Reconciliation (in thousands) | Item | Q1 2024 | Q1 2023 | | :-------------------------------- | :---------- | :---------- | | Net cash provided by operating activities | $5,936 | $686 | | Cash paid for interest | $108 | $125 | | Net cash used in investing activities | $(1,073) | $(1,418) | | Restricted cash | $(4,000) | — | | **Free Cash Flow** | **$971** | **$(607)** |
New Season of Gaia Original Series The Journey of Remembering with Matías De Stefano Returned Monday, April 22
Newsfilter· 2024-04-25 12:30
BOULDER, Colo., April 25, 2024 (GLOBE NEWSWIRE) -- Gaia, Inc. (NASDAQ:GAIA), a conscious media and community company, announced that the second season of its highly-anticipated original series The Journey of Remembering is now available exclusively on Gaia. The premiere of this eight-episode series includes the first three episodes, with new episodes released each Monday at 2:00 a.m. MT. In season two of this exclusive Gaia Original docuseries, Matías De Stefano guides 45 initiates on a challenging journey ...
Gaia(GAIA) - 2023 Q4 - Annual Report
2024-03-29 21:29
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 000-27517 GAIA, INC. (Exact name of Registrant as specified in its Charter) Colorado 84-1113527 (State or other jurisdiction of incorpora ...
Gaia(GAIA) - 2023 Q4 - Annual Results
2024-03-27 20:49
Membership Growth - Member count increased to 806,000 at the end of Q4 2023, up from 759,000 a year earlier, with expectations to reach approximately 838,000 by the end of Q1 2024[3][4][12] - The company plans to double net member additions from 16,000 in Q4 2023 to 32,000 in Q1 2024, aiming for continued positive free cash flow[12] Revenue Performance - Q4 2023 revenues rose 6% to $20.7 million compared to $19.6 million in Q4 2022, primarily driven by member growth[4] - Revenues for Q4 2023 were $20.714 million, a 5.8% increase from $19.577 million in Q4 2022[22] - For the full year 2023, total revenue was $80.4 million, down from $82.0 million in 2022, reflecting recovery from post-COVID subscriber contraction[7] Profitability and Loss - Gross profit for Q4 2023 was $17.7 million, with a gross margin of 85.4%, consistent with the previous year[5] - Gross profit for the twelve months ended December 31, 2023, was $68.794 million, down from $71.120 million in 2022, reflecting a gross margin of 85.5%[22] - The net loss for 2023 was $(5.6) million or $(0.27) per share, compared to a loss of $(3.6) million or $(0.19) per share in 2022[9] - The net loss attributable to common shareholders for the twelve months ended December 31, 2023, was $5.802 million, compared to a loss of $3.882 million in 2022[22] Cash Flow and Expenses - Operating cash flow improved by $2.1 million in Q4 2023, while free cash flow increased to $1.0 million from a negative $0.7 million in the same quarter last year[5][10] - Net cash provided by operating activities for Q4 2023 was $3.184 million, up from $1.089 million in Q4 2022[23] - Free cash flow for the twelve months ended December 31, 2023, was $1.069 million, a significant improvement from a negative $7.283 million in 2022[23] - Marketing expenses increased to 41.1% of revenue in 2023, up from 37.2% in the prior year, contributing to the net loss despite improved cash flow[10] Operating Expenses - Total operating expenses increased to $73.361 million for the twelve months ended December 31, 2023, compared to $71.385 million in 2022[22] - The company incurred $1,479,000 in corporate, general, and administrative expenses for Q4 2023, a slight decrease from $1,583,000 in Q4 2022[22] Cash and Investments - The cash balance as of December 31, 2023, was $7.8 million, with an unused $10 million line of credit[6] - Cash used in investing activities for the twelve months ended December 31, 2023, was $5.281 million, down from $9.264 million in 2022[23] Operational Loss - The company reported a loss from operations of $4.567 million for the twelve months ended December 31, 2023, compared to a loss of $265,000 in 2022[22] Product Development - A beta version of the Gaia Marketplace was launched, aimed at increasing average revenue per user (ARPU) without additional marketing costs[3]
Gaia Launches Gaia+, the World's Most Extensive Streaming Platform for Transformation
Newsfilter· 2024-03-18 12:30
BOULDER, Colo., March 18, 2024 (GLOBE NEWSWIRE) -- Gaia, Inc. (NASDAQ:GAIA), a conscious media and community company, today announced the launch of Gaia+ an evolution of Gaia's premium membership tier, creating the world's most extensive streaming platform for transformation, spiritual growth and consciousness expansion. Available across mobile and connected TV devices, Gaia+ not only provides members access to immersive workshops and live events, but also includes guided programs featuring the foremost exp ...
Gaia(GAIA) - 2023 Q3 - Quarterly Report
2023-10-29 16:00
United States Securities and Exchange Commission Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-27517 GAIA, INC. (Exact name of registrant as specified in its charter) COLORADO 84-1113527 (State or other jurisdiction of incorpora ...