Gaiam Inc Up 6.3% To $2.70 After Earnings

Tuesday, October 31, 2023 - Gaiam Inc (GAIA) reported downside earnings and revenues today.

Gaiam Inc's earnings came in at an EPS loss of $0.03 per share. The firm's loss per share narrowed by 73% since reporting a loss of $0.11 per share a year ago.

Consensus estimates for Gaiam Inc revenue averaged out to $20.7 million, with the business missing on those expectations with reported third-quarter revenue of $20.2 million. The $477 thousand (2%) negative revenue surprise led to 2% growth year-over-year as the firm reported revenue of $19.9 million in its year-ago quarter. The higher earnings growth compared to revenue points to Gaiam Inc improving its profit margin.

The stock is up 6.3% to $2.70 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

Trading in the five days leading up to the report earned Gaiam Inc a Bearish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 62.

Gaia Inc is a video streaming service and community that provides curated conscious media in three primary channels-Seeking Truth, Transformation and Yoga-to its subscribers in 185 countries with approximately 8,000 titles. Over 90% of its library is exclusive to Gaia, and approximately 80% of the views are generated by content produced or owned by Gaia.