secwatch.observer — SEC 8-K summary
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Issuer:     GAIA, INC (GAIA)
CIK:        0001089872
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0000950170-23-035942
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gaia Q2 2023 revenue $19.8M, net loss $1.7M; sequential member growth to 774,500
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- Revenue $19.8M, down 4% YoY but up sequentially; member count +8,000 to 774,500.
- Net loss $1.7M ($0.08 EPS) vs net income $0.1M in Q2 2022; returned to positive cash flow.
- Gross profit $17.0M (85.7% margin) vs $18.0M (86.7%) a year ago on higher content amortization.
- Operating expenses $18.6M, up from $17.7M due to costs from 20% staff reduction in Q1.
- Cash $10.9M at quarter end; CEO cites ARPU growth potential from Gaia Marketplace rollout.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1089872/000095017023035942/0000950170-23-035942-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1089872/000095017023035942/gaia-20230731.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-035942

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