{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-015659","form_type":"8-K","ticker":"GAIA","cik":"0001089872","company_name":"GAIA, INC","filed_at":"2024-03-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.335213+00:00","generated_at":"2026-06-04T06:57:38.944906+00:00","sec_items":["2.02","4.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Gaia restates 2022-2023 financials; Q4 revenue $20.7M, net loss $(1.8)M","bullets":["2022 and Q1–Q3 2023 financials restated due to errors in cash flow (media library, line of credit), equity method (Telomeron), and noncontrolling interest (BioWell).","Q4 2023 revenue $20.7M (+6% YoY); net loss $(1.8)M or $(0.08)/share.","Operating cash flow improved $2.1M in Q4; free cash flow positive $1.0M vs. negative $(0.7M) last year.","Member count 806k (up from 759k); targeting 838k by Q1 2024 and 15% revenue growth in 2024.","Company expects at least one material weakness in internal controls; prior audit report not to be relied upon."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-015659","json":"https://secwatch.observer/filing/0001140361-24-015659.json","markdown":"https://secwatch.observer/filing/0001140361-24-015659.md","text":"https://secwatch.observer/filing/0001140361-24-015659.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1089872/000114036124015659/0001140361-24-015659-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1089872/000114036124015659/ef20025364_form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T06:57:38.944906+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ca267ca6745f7717179f39f43886bb49e1884a55","claim":"GAIA, INC reported that prior financial statements should not be relied upon.","evidence_excerpt":"the audited and unaudited consolidated financial statements for each of the Non-Reliance Periods, and the related audit report of the Company’s previous independent registered public accounting firm, Armanino LLP, should no longer be relied upon","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1089872/000114036124015659/0001140361-24-015659-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"},{"label":"Auditor","value":"Armanino LLP"}],"fact_type":"auditor_change"},{"claim_id":"4bb2bd2c2cdf7818f4dedda4d26b60c15d814ba9","claim":"GAIA, INC reported the quarter ended December 31, 2023 results: revenue $20.7 million, net income $(1.8) million, EPS $(0.08) per share. Guidance reaffirmed.","evidence_excerpt":"Revenues for the fourth quarter 2023 increased 6% to $20.7 million from $19.6 million in the fourth quarter of 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1089872/000114036124015659/0001140361-24-015659-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended December 31, 2023"},{"label":"Revenue","value":"$20.7 million"},{"label":"Net income","value":"$(1.8) million"},{"label":"EPS","value":"$(0.08) per share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"fecff38c56c18214e8f6c1c81709999337119832","claim":"GAIA, INC reported the year ended December 31, 2023 results: revenue $80.4 million, net income $(5.6) million, EPS $(0.27) per share. Guidance reaffirmed.","evidence_excerpt":"Revenue for the year was $80.4 million as compared to $82.0 million in 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1089872/000114036124015659/0001140361-24-015659-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Revenue","value":"$80.4 million"},{"label":"Net income","value":"$(5.6) million"},{"label":"EPS","value":"$(0.27) per share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}