secwatch.observer — SEC 8-K summary
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Issuer:     GAIA, INC (GAIA)
CIK:        0001089872
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0000950170-22-022624
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1089872/000095017022022624/0000950170-22-022624-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1089872/000095017022022624/gaia-20221107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-022624

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