secwatch.observer — SEC 8-K summary
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Issuer:     GAIA, INC (GAIA)
CIK:        0001089872
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0000950170-24-090766
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1089872/000095017024090766/0000950170-24-090766-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1089872/000095017024090766/gaia-20240805.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-090766

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