secwatch.observer — SEC 8-K summary
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Issuer:     GAIA, INC (GAIA)
CIK:        0001089872
Form:       8-K
Filed at:   2023-03-06T23:59:59+00:00
Accession:  0000950170-23-006241
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gaia reports Q4 revenue down 6% YoY, full year net loss of $3.1M; cuts $5M in costs
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- Full year 2022 revenue $82.0M (+3% YoY); net loss $3.1M ($0.15 loss per share) vs net income $3.7M in 2021.
- Q4 revenue $19.6M (-6% YoY); net loss $0.9M ($0.04 loss per share) vs net income $2.1M in Q4 2021.
- Member count 759,000 as of Dec 31, 2022; cash balance $11.6M.
- CEO: eliminated $5M+ in annualized spending (36 headcount); expects $7-9M cash generation in 2023.
- Adjusted EBITDA for 2022 increased to $17.5M from $16.8M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1089872/000095017023006241/0000950170-23-006241-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1089872/000095017023006241/gaia-20221231.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-006241

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer