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Gaia lost $3 million last quarter and saw a 12% drop in sales compared to last year.

ResultsRead the original at Benzinga
Neutral

Gaia's sales fell 12% to $22 million and it lost $3 million, but churn improved more than 20%, average revenue per member rose 8%, and positive cash flow is expected in Q4. These gains and setbacks leave its outlook unchanged.

GAIA · Gaia Inc

AI read · Neutral

The AI's read

The shift toward direct members appears to improve member quality: they stay longer and spend more. Gaia also says it has cut costs by more than $6 million per year. But sales are expected to settle near $21 million per quarter, and positive cash flow is still only expected for Q4. Those improvements and continuing pressure point in different directions.

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