Gaia Q2 revenue +11% to $22.1M; net loss $2.2M unchanged; subsidiary raises $12M

GAIA, INC

2024-Q2 EPS reported -$0.14 revenue$43,774,000

Revenue $22.08M (+11% YoY), members 850K (+10%), gross profit $18.7M (+10%).
Net loss $(2.2)M ($(0.09)/share), unchanged YoY; free cash flow $0.7M positive for fifth straight quarter.
Subsidiary Igniton raised $12M from outside investors; acquired exclusive worldwide license for health technology.
Launched Gaia Marketplace; price increase for new members started July, expected to boost H2 revenue.
Expect Q4 revenue growth ~15%; H1 2024 operating cash flow $3.9M, improvement of $2.6M YoY.

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