Stock in Focus: Gaia Inc. (NASDAQ: GAIA)

LOUISVILLE, Colo., June 22, 2019 – Shares of Gaia Inc. (NASDAQ: GAIA) showed the bullish trend with a higher momentum of 0.53% to $7.56. The company traded total volume of 41,986 shares as contrast to its average volume of 86.36K shares. The company has a market value of $137.52M and about 18.19M shares outstanding.

Gaiam Inc. (GAIA) recently reported a loss of $6.70M in its first quarter.

First Quarter 2019 Financial Results:

Streaming revenues in the first quarter increased 36% to $12.50M from $9.10M in the year-ago quarter. This was mainly because of a 34% increase in paying subscribers as compared to March 31, 2018. Revenues before the effect of the suspended operations increased to $12.90M from $9.60M.

Gross profit in the first quarter increased 36% to $10.90M contrast to $8.00M in the year-ago quarter. Gross margin increased to 87.2% as compared to 87.1% in the year-ago quarter and Gaia anticipates maintaining gross margins at this level through 2019.

Related:  Watch List: MarineMax Inc. (NYSE: HZO)

Total operating expenses in the first quarter increased to $17.30M contrast to $15.90M in the year-ago quarter. This was mainly driven by increases in personnel-related costs over the past twelve months as Gaia has scaled operations to support higher revenues. Customer acquisition costs as a percentage of revenue declined to 69% in the first quarter of 2019 from 109% in the year-ago quarter. As a percentage of revenue, operating expenses declined to 139% in 2019 from 174% in 2018.

Loss from operations in the first quarter improved to $6.40M from $8.00M in the year-ago quarter.

Net loss from continuing operations in the first quarter was $6.40M, or $(0.36) per share, contrast to a net loss from continuing operations of $6.10M, or $(0.40) per share, in the year-ago quarter.

As of March 31, 2019, Gaia had $22.30M in cash. On April 26, 2019, Gaia refinanced its current line of credit set to expire in 2020. The new financing increased borrowing capacity to $17.00M, fixed the interest rate, has recourse solely to Gaia’s corporate campus, and extended the maturity to 2022, with two one-year extension options and no prepayment penalty after two years.

Related:  Helbiz (HLBZ) Falls 42%: What Is Your Next Step?

The Company offered net profit margin of -73.80% while its gross profit margin was 87.10%. ROE was recorded as -39.30% while beta factor was 1.27. The stock, as of recent close, has shown the weekly upbeat performance of 3.70% which was maintained at -27.03% in this year.

Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.