Gaia posts Q1 2023 revenue of $19.6M; adds 7,500 members, net loss $0.05/sh

GAIA, INC

2023-Q1 EPS reported -$0.05 revenue$19,647,000

Revenue $19.6M, slight sequential increase after 12 months of decline; down 10.1% YoY.
Added 7,500 members in Q1, ending with 766,500; first quarter of member growth in several quarters.
Net loss $1.1M ($0.05 per share) vs net income $0.1M ($0.01) in Q1 2022; cash $10.8M.
Expects $5M+ in annualized cost savings from headcount reduction (20% staffing cut) and other efficiencies.
Gaia Marketplace launch planned for July 2023 to increase average revenue per member.

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 0.9

GAIA, INC reported first quarter ended March 31, 2023 results: revenue $19.6 million, net income $1.1 million, EPS $(0.05) per share.

Period: first quarter ended March 31, 2023
Revenue: $19.6 million
Net income: $1.1 million
EPS: $(0.05) per share
Result: reported results

Exact text from the filing

in excess of our reinvestment in content that attracts and retains high lifetime value members.” First Quarter 2023 Financial Results Revenues for the first quarter were $19.6 million, a slight sequential increase for the first time in twelve months. Member losses began to subside in the fourth quarter of 2022 and reversed in the first quarter of 2023 during

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Source: SEC EDGAR

accession 0000950170-23-016238

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