Gaia Inc

NASDAQ:GAIAUnited States

Nov 4, 2024

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• -- Earnings Flash (GAIA) GAIA Posts Q3 Revenue $22.2M, from 4:20PM ET on Monday Nov 04, 2024 by MT Newswires

  4:20PM ET on Monday Nov 04, 2024 by MT Newswires
  Companies Mentioned: GAIA
  04:20 PM EST, 11/04/2024 (MT Newswires) -- ...

• Gaia Reports Third Quarter 2024 Results, from 4:06PM ET on Monday Nov 04, 2024 by Dow Jones

  4:06PM ET on Monday Nov 04, 2024 by Dow Jones
  Companies Mentioned: GAIA
  current portion 824 780 Deferred revenue 17,366 15,861 ----------- ---------- Total current liabilities 33,829 31,433 Long-term debt, net of current portion 5,680 5,801 Operating lease liability, net of current portion 5,087 5,708 Deferred taxes, net 551 551 ----------- ---------- Total liabilities 45,147 43,493 Commitments and Contingencies Shareholders' equity: Class A common stock, $0.0001 par value, 150,000,000 shares authorized, 18,066,942 and 17,813,179 shares issued, 18,001,955 and 17,748,374 shares outstanding at September 30, 2024 and December 31, 2023, respectively 2 2 Class B common stock, $0.0001 par value, 50,000,000 shares authorized, 5,400,000 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 1 1 Additional paid-in capital 170,822 170,695 Accumulated deficit (89,625) (85,195) ----------- ---------- Total Gaia, Inc. shareholders' equity 81,200 85,503 Noncontrolling interests 13,299 1,277 ----------- ---------- Total equity 94,499 86,780 ----------- ---------- Total liabilities and equity $ 139,646 $ 130,273 =========== ========== GAIA, INC. Condensed Consolidated Statements of Operations (unaudited) For the Three For the Nine Months Months Ended Ended September September 30, 30, ------------------- ------------------- (in thousands, except per share data) 2024 2023 2024 2023 ------------------ ------- --------- ------- --------- Revenues, net $22,156 $ 20,223 $65,930 $ 59,709 Cost of revenues 3,101 2,983 9,684 8,595 ------ -------- ------ -------- Gross profit 19,055 17,240 56,246 51,114 Operating Expenses: Selling and operating 18,398 16,254 54,854 49,462 Corporate, general and administration 2,013 1,433 5,630 4,726 ------ -------- ------ -------- Total operating expenses 20,411 17,687 60,484 54,188 ------ -------- ------ -------- Loss from operations (1,356) (447) (4,238) (3,074) Equity method investment loss -- (125) -- (375) Interest and other expense, net (144) (141) (396) (375) ------ -------- ------ -------- Loss before income taxes (1,500) (713) (4,634) (3,824) Provision for income taxes -- -- -- -- ------ -------- ------ -------- Net loss (1,500) (713) (4,634) (3,824) ------ -------- ------ -------- Net income (loss) attributable to noncontrolling interests (308) 59 (204) 142 ------ -------- ------ -------- Net loss attributable to common shareholders $(1,192) $ (772) $(4,430) $ (3,966) ====== ======== ====== ======== Loss per share: Basic Continuing operations (attributable to common shareholders) $ (0.05) $ (0.04) $ (0.19) $ (0.19) Basic loss per share $ (0.05) $ (0.04) $ (0.19) $ (0.19) ------ -------- ------ -------- Diluted Continuing operations (attributable to common shareholders) $ (0.05) $ (0.04) $ (0.19) $ (0.19) Diluted loss per share $ (0.05) $ (0.04) $ (0.19) $ (0.19) ------ -------- ------ -------- GAIA, INC. Condensed Consolidated Statement of Cash Flows (unaudited) For the Three For the Nine Months Months Ended Ended September September 30, 30, ------------------- ------------------- (in thousands) 2024 2023 2024 2023 --------------- ------- --------- -------- -------- Net cash provided by (used in): Net cash (used in) provided by operating activities $ 409 $ 1,415 $ 4,264 $ 2,685 Net cash used in investing activities (1,361) (1,066) (13,881) (2,975) Net cash provided by (used in) financing activities (142) 1 6,216 (43) ------ -------- ------- ------- Net change in cash, cash equivalents, and restricted cash $(1,094) $ 350 $ (3,401) $ (333) ====== ======== ======= ======= Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow and Adjusted Free Cash Flow (unaudited) For the Three For the Nine Months Months Ended Ended September September 30, 30, ------------------- ------------------- (in thousands) 2024 2023 2024 2023 --------------- ------- --------- -------- -------- Net cash (used in) provided by operating activities $ 409 $ 1,415 $ 4,264 $ 2,685 Cash paid for interest 141 141 403 394 Net cash used in investing activities (1,361) (1,066) (13,881) (2,975) Change in cash from non-core business activities 950 105 11,050 213 ------ -------- ------- ------- Free cash flow $ 139 $ 595 $ 1,836 $ 317 ====== ======== ======= =======
  

• *DJ Gaia 3Q Loss/Shr 5c >GAIA, from 4:06PM ET on Monday Nov 04, 2024 by Dow Jones

  4:06PM ET on Monday Nov 04, 2024 by Dow Jones
  Companies Mentioned: GAIA
  current portion 824 780 Deferred revenue 17,366 15,861 ----------- ---------- Total current liabilities 33,829 31,433 Long-term debt, net of current portion 5,680 5,801 Operating lease liability, net of current portion 5,087 5,708 Deferred taxes, net 551 551 ----------- ---------- Total liabilities 45,147 43,493 Commitments and Contingencies Shareholders' equity: Class A common stock, $0.0001 par value, 150,000,000 shares authorized, 18,066,942 and 17,813,179 shares issued, 18,001,955 and 17,748,374 shares outstanding at September 30, 2024 and December 31, 2023, respectively 2 2 Class B common stock, $0.0001 par value, 50,000,000 shares authorized, 5,400,000 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 1 1 Additional paid-in capital 170,822 170,695 Accumulated deficit (89,625) (85,195) ----------- ---------- Total Gaia, Inc. shareholders' equity 81,200 85,503 Noncontrolling interests 13,299 1,277 ----------- ---------- Total equity 94,499 86,780 ----------- ---------- Total liabilities and equity $ 139,646 $ 130,273 =========== ========== GAIA, INC. Condensed Consolidated Statements of Operations (unaudited) For the Three For the Nine Months Months Ended Ended September September 30, 30, ------------------- ------------------- (in thousands, except per share data) 2024 2023 2024 2023 ------------------ ------- --------- ------- --------- Revenues, net $22,156 $ 20,223 $65,930 $ 59,709 Cost of revenues 3,101 2,983 9,684 8,595 ------ -------- ------ -------- Gross profit 19,055 17,240 56,246 51,114 Operating Expenses: Selling and operating 18,398 16,254 54,854 49,462 Corporate, general and administration 2,013 1,433 5,630 4,726 ------ -------- ------ -------- Total operating expenses 20,411 17,687 60,484 54,188 ------ -------- ------ -------- Loss from operations (1,356) (447) (4,238) (3,074) Equity method investment loss -- (125) -- (375) Interest and other expense, net (144) (141) (396) (375) ------ -------- ------ -------- Loss before income taxes (1,500) (713) (4,634) (3,824) Provision for income taxes -- -- -- -- ------ -------- ------ -------- Net loss (1,500) (713) (4,634) (3,824) ------ -------- ------ -------- Net income (loss) attributable to noncontrolling interests (308) 59 (204) 142 ------ -------- ------ -------- Net loss attributable to common shareholders $(1,192) $ (772) $(4,430) $ (3,966) ====== ======== ====== ======== Loss per share: Basic Continuing operations (attributable to common shareholders) $ (0.05) $ (0.04) $ (0.19) $ (0.19) Basic loss per share $ (0.05) $ (0.04) $ (0.19) $ (0.19) ------ -------- ------ -------- Diluted Continuing operations (attributable to common shareholders) $ (0.05) $ (0.04) $ (0.19) $ (0.19) Diluted loss per share $ (0.05) $ (0.04) $ (0.19) $ (0.19) ------ -------- ------ -------- GAIA, INC. Condensed Consolidated Statement of Cash Flows (unaudited) For the Three For the Nine Months Months Ended Ended September September 30, 30, ------------------- ------------------- (in thousands) 2024 2023 2024 2023 --------------- ------- --------- -------- -------- Net cash provided by (used in): Net cash (used in) provided by operating activities $ 409 $ 1,415 $ 4,264 $ 2,685 Net cash used in investing activities (1,361) (1,066) (13,881) (2,975) Net cash provided by (used in) financing activities (142) 1 6,216 (43) ------ -------- ------- ------- Net change in cash, cash equivalents, and restricted cash $(1,094) $ 350 $ (3,401) $ (333) ====== ======== ======= ======= Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow and Adjusted Free Cash Flow (unaudited) For the Three For the Nine Months Months Ended Ended September September 30, 30, ------------------- ------------------- (in thousands) 2024 2023 2024 2023 --------------- ------- --------- -------- -------- Net cash (used in) provided by operating activities $ 409 $ 1,415 $ 4,264 $ 2,685 Cash paid for interest 141 141 403 394 Net cash used in investing activities (1,361) (1,066) (13,881) (2,975) Change in cash from non-core business activities 950 105 11,050 213 ------ -------- ------- ------- Free cash flow $ 139 $ 595 $ 1,836 $ 317 ====== ======== ======= =======