secwatch.observer — SEC 8-K summary
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Issuer:     GAIA, INC (GAIA)
CIK:        0001089872
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0001140361-24-015659
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 4.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gaia restates 2022-2023 financials; Q4 revenue $20.7M, net loss $(1.8)M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1089872/000114036124015659/0001140361-24-015659-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1089872/000114036124015659/ef20025364_form8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-015659

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