Gaia Q1 2024: Revenue $21.7M (+11% YoY), free cash flow positive $1.0M, member count 839K

GAIA, INC

2024-Q1 EPS reported -$0.05 revenue$21,693,000

Revenue grew 11% to $21.7M from $19.6M; net loss improved to $1.0M ($0.05 loss per share) from $1.3M.
Operating cash flow $5.9M, improved $5.2M YoY; free cash flow positive $1.0M, fourth consecutive positive quarter.
Member count rose 9% to 839,000; net additions doubled to 33,000 from 16,000 in Q4.
Customer acquisition costs decreased 10%; deferred revenue increased $2.0M; cash $8.6M with $10M credit line.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GAIA, INC reported the first quarter ended March 31, 2024 results: revenue $21.7 million, net income $(1.0) million, or $(0.05) per share, EPS $(0.05) per share.

Period: the first quarter ended March 31, 2024
Revenue: $21.7 million
Net income: $(1.0) million, or $(0.05) per share
EPS: $(0.05) per share
Result: reported results

Exact text from the filing

on the balance sheet by $2.0 million during the quarter.” Gaia CFO Ned Preston commented: “During the first quarter, revenues grew by $2.1 million or 11% year over year to $21.7 million. Operating cash flows for the first quarter finished at $5.9 million, representing a $5.2 million improvement from the year ago quarter and continues the momentum we saw closing

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Source: SEC EDGAR

accession 0000950170-24-053528

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