GAIA, INC. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>GAIA, INC. has filed its Q1 2024 10-Q report detailing financial performance and operational updates.</b>

AI Summary

GAIA, INC (GAIA) filed a Quarterly Report (10-Q) with the SEC on May 6, 2024. GAIA, INC. filed a 10-Q report for the period ending March 31, 2024. The filing covers financial information and business operations for the first quarter of 2024. Key financial data points and disclosures are included in the report. The company's address is 833 WEST BOULDER ROAD, BLDG G, LOUISVILLE, CO 80027-2452. GAIA, INC. was formerly known as GAIAM, INC. and GAIAM INC.

Why It Matters

For investors and stakeholders tracking GAIA, INC, this filing contains several important signals. This 10-Q filing provides investors with the latest quarterly financial results and management's discussion of performance, crucial for assessing the company's current health and future prospects. Understanding the details within this report allows stakeholders to evaluate GAIA, INC.'s financial position, operational efficiency, and any potential risks or opportunities identified by the company.

Risk Assessment

Risk Level: medium — GAIA, INC shows moderate risk based on this filing. The filing is a standard quarterly report (10-Q), which typically contains routine financial disclosures. However, the absence of specific financial performance metrics in the provided text prevents a more granular risk assessment.

Analyst Insight

Review the full 10-Q filing for detailed financial statements, management's discussion and analysis, and risk factors to make an informed investment decision.

Key Numbers

• 2024-03-31 — Period End Date (Conformed period of report)
• 2024-05-06 — Filing Date (Filed as of date)
• 000-27517 — SEC File Number (SEC file number)
• 7812 — SIC Code (Standard Industrial Classification)

Key Players & Entities

• GAIA, INC. (company) — Filer name
• 2024-03-31 (date) — Period of report
• 2024-05-06 (date) — Filed as of date
• 833 WEST BOULDER ROAD (address) — Business address street 1
• LOUISVILLE (location) — Business address city
• CO (location) — Business address state
• GAIAM, INC. (company) — Former company name
• GAIAM INC (company) — Former company name

FAQ

Risk Factors

• Regulatory Compliance [medium — regulatory]: The company must comply with various federal, state, and local regulations, including those related to its business operations and reporting requirements.
• Market Competition [medium — market]: GAIA, INC. operates in a competitive market and faces challenges from other companies offering similar services or content.
• Technology and Content Dependence [medium — operational]: The company relies on its technology infrastructure and the continuous development and acquisition of compelling content to attract and retain subscribers.
• Financial Performance and Liquidity [medium — financial]: The company's ability to generate revenue, manage expenses, and maintain adequate liquidity is critical for its ongoing operations and growth.

Key Dates

• 2024-03-31: Quarter End — End of the reporting period for the 10-Q filing.
• 2024-05-06: Filing Date — Date the 10-Q report was officially submitted to the SEC.

Key Financial Figures

• $0.0001 — at May 2, 2024 Class A Common Stock ($0.0001 par value) 18,046,018 Class B Commo

Filing Documents

• gaia-20240331.htm (10-Q) — 782KB
• gaia-ex31_1.htm (EX-31.1) — 12KB
• gaia-ex31_2.htm (EX-31.2) — 12KB
• gaia-ex32_1.htm (EX-32.1) — 6KB
• gaia-ex32_2.htm (EX-32.2) — 6KB
• 0000950170-24-053529.txt (&nbsp;) — 3504KB
• gaia-20240331.xsd (EX-101.SCH) — 715KB
• gaia-20240331_htm.xml (XML) — 337KB

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited): 3 Condensed Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023 4 Condensed Consolidated Statements of Operations for the three months ended March 31, 2024 and 2023 5 Condensed Consolidated Statements of Changes in Equity for the three months ended March 31, 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2024 and 2023 7 Notes to Interim Condensed Consolidated Financial Statements 8 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 12 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 15 Item 4.

Controls and Procedures

Controls and Procedures 15

—OTHER INFORMATION

PART II—OTHER INFORMATION 17 Item 1.

Legal Proceedings

Legal Proceedings 17 Item 1A.

Risk Factors

Risk Factors 17 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 17 Item 3. Defaults Upon Senior Securities 17 Item 5. Other Information 17 Item 6. Exhibits 18

— FINANCIAL INFORMATION

PART I— FINANCIAL INFORMATION

Financial Sta tements (Unaudited)

Item 1. Financial Sta tements (Unaudited) Unaudited Interim Condensed Consolidated Financial Statements We have prepared our unaudited interim condensed consolidated financial statements included herein pursuant to the rules and regulations of the United States Securities and Exchange Commission ("SEC"). While certain information and note disclosures normally included in annual audited financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") have been condensed or omitted pursuant to these rules and regulations, we believe that the disclosures made are adequate to make the information not misleading. In our opinion, the unaudited condensed consolidated financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly, in all material respects, our condensed consolidated balance sheets as of March 31, 2024, the interim condensed consolidated statements of operations for the three months ended March 31, 2024 and 2023, and condensed consolidated statements of cash flows for the three months ended March 31, 2024 and 2023. Operating results for the three months ended March 31, 2024 and 2023 are not necessarily indicative of the results that may be expected for a full year or any future interim period. These interim statements have not been audited. The balance sheet as of December 31, 2023 was derived from our annual audited consolidated financial statements included in our Annual Report on Form 10-K. The interim condensed consolidated financial statements contained herein should be read in conjunction with our annual audited consolidated financial statements, including the notes thereto, for the year ended December 31, 2023. 3 GAIA, INC. Condensed Consolida ted Balance Sheets March 31, December 31, (in thousands, except share and per share data) 2024 2023 (unaudited) ASSETS Current assets: Cash and cash equivalent

View Full Filing

View this 10-Q filing on SEC EDGAR