Gaia(US:GAIA)2025-05-12 20:15Financial Performance - Revenues increased by $2.5 million, or 12%, to $23.8 million for the three months ended March 31, 2025, compared to $21.3 million for the same period in 2024[65] - Gross profit margin improved to 87.7% for the three months ended March 31, 2025, up from 85.3% in the same period of 2024[66] - Selling and operating expenses rose by $2.6 million, or 14.9%, to $20.0 million for the three months ended March 31, 2025, representing 84.0% of net revenues[67] - Corporate, general and administration expenses increased by $0.3 million, or 18.8%, to $1.9 million for the three months ended March 31, 2025, accounting for 8.0% of net revenues[68] - The net loss attributable to common shareholders was $1.0 million for the three months ended March 31, 2025, compared to a loss of $1.045 million for the same period in 2024[64] Cash Flow and Financing - Cash flows from operations generated approximately $1.3 million during the three months ended March 31, 2025[71] - The company expects to budget content and capital expenditures between $11.0 million to $13.0 million for the remainder of 2025, funded by cash flows from operations[71] - In February 2025, the company sold 1,600,000 shares of Class A common stock at $5.00 per share, resulting in net proceeds of $7.0 million[76] - The company entered into a Credit Agreement with KeyBank for a revolving credit facility of up to $10.0 million, with no outstanding borrowings as of March 31, 2025[72] - The company anticipates continued positive cash flows from operations during the remainder of 2025[71]