Gaia Q3 2022 revenue down 2.5% YoY to $19.9M; net loss $2.4M; EBITDA declines to $1.8M

GAIA, INC

2022-Q3 EPS reported -$0.10 revenue$62,458,000

Revenue $19.9M (-2.5% YoY); gross margin 86.7%; net loss $2.4M ($0.11 loss per share) vs $0.6M income year ago.
EBITDA $1.8M (9% margin) tenth consecutive positive quarter; adjusted EBITDA excluding settlement accrual $4.1M (21% margin).
Member count 776,000 at Sep 30, 2022 down from 790,500 a year ago; cancellations from COVID-era members impacted growth.
Recorded $2.0M accrual for anticipated SEC settlement regarding historical matters; elevated legal fees year-to-date.
Secured $10M revolving credit facility in August; drew $7.5M; cash balance $10.8M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GAIA, INC reported third quarter ended September 30, 2022 results: net income $2.4 million, EPS $(0.11) per share.

Period: third quarter ended September 30, 2022
Net income: $2.4 million
EPS: $(0.11) per share
Result: reported results

Exact text from the filing

our long-term plan of growing a highly engaged community that generates significant cashflows over many years.” Third Quarter 2022 Financial Results Revenues decreased 2.5% to $19.9 million from $20.4 million in the year-ago quarter. For the nine months ended September 30, revenues increased 6.3% to $62.5 million in 2022 from $58.7 million from the same period in

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GAIA, INC reported third quarter ended September 30, 2022 results: net income $2.4 million, EPS $(0.11) per share.

Period: third quarter ended September 30, 2022
Net income: $2.4 million
EPS: $(0.11) per share
Result: reported results

Exact text from the filing

Net loss was $2.4 million or $(0.11) per share compared to net income of $0.6 million or $0.03 per share in the year ago quarter due to the factors noted.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GAIA, INC reported third quarter 2022 results: revenue decreased 2.5% to $19.9 million from $20.4 million.

Period: third quarter 2022
Revenue: decreased 2.5% to $19.9 million from $20.4 million
Result: reported results

Exact text from the filing

Revenues decreased 2.5% to $19.9 million from $20.4 million in the year-ago quarter.

View on SEC.gov

13 earnings releases filed in the last 30 days. Browse all earnings releases →

GAIA, INC filing history →

Source: SEC EDGAR

accession 0000950170-22-022624

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