secwatch.observer — SEC 8-K summary
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Issuer:     GAIA, INC (GAIA)
CIK:        0001089872
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0000950170-23-016238
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1089872/000095017023016238/0000950170-23-016238-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1089872/000095017023016238/gaia-20230420.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-016238

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