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Gaia Reports Fourth Quarter and Full Year 2016 Results

Gaia (bis 2016 Gaiam) aus dem US-Bundesstaat Colorado hat auch in 2016 einen Nettoverlust erwirtschaftet. Wir veröffentlichen ihre Mitteilung dazu im Wortlaut.

Die untenstehende Meldung ist eine Original-Meldung des Unternehmens. Sie ist nicht von der ECOreporter.de-Redaktion bearbeitet. Die presserechtliche Verantwortlichkeit liegt bei dem meldenden Unternehmen.

Boulder, Colorado - Gaia, Inc. ( NASDAQ : GAIA ), a conscious media company, leading conscious media video subscription service, reported financial results for the fourth quarter and full year ended December 31, 2016.

Fourth Quarter 2016 vs. Same Year-Ago Quarter

    52% subscriber growth generated 40% increase in streaming revenues
    Gross margin up 360 basis points to 85.7%

2016 vs. 2015

    Subscriber count grew 52% to 202,000 with 37% increase in streaming revenues
    Gross margin up 280 basis points to 83.5%

"Our fourth quarter results closed out a strong 2016 that exceeded our internal expectations," said Jirka Rysavy, Gaia's chairman and CEO. "We surpassed our revenue and subscriber growth targets for the year, improved gross margin well past our 80% target, and maintained our investment discipline to keep our pre-tax loss below the $17 million projection."

In October 2016, gaia.com was relaunched with an entirely new technology stack at its core. The new site was built to optimize the speed and performance of streaming video playback, provide a unique and personalized experience for every subscriber, leverage search engine optimization to enhance organic traffic, and provide the foundation for expansion into foreign languages. With the improvements to the new site, international coverage has increased, with paid subscribers in over 140 countries.

Fourth Quarter 2016 Financial Results

Please note, reported results for both the fourth quarter and full year are from continuing operations and exclude the results of discontinued operations for all periods presented (specifically the branded consumer product business and Natural Habitat), except for certain disposition and separation costs, which continued in the third quarter, and costs associated with transition services, which ended on September 30, 2016.

Total net revenues in the fourth quarter of 2016 increased 33% to $4.8 million from $3.6 million in the same year-ago quarter. This was due to 40% growth in streaming revenue, which was driven by a 52% increase in paid subscribers.

Gross profit in the fourth quarter increased 39% to $4.1 million compared to $2.9 million in the year-ago quarter. Gross margin increased 360 basis points to 85.7% from 82.1% in the fourth quarter of 2015 due to increased revenues, continued leverage streaming costs and our media library.

Total expenses in the fourth quarter were $9.4 million compared to $6.3 million in the year-ago quarter. The increase was primarily due to additional selling and operating expenses associated with the planned acceleration of subscriber growth in the fourth quarter and into 2017.

Loss before income taxes was $(5.5) million compared to $(3.4) million in the year-ago quarter. Net loss from continuing operations in the fourth quarter was $(3.4) million or $(0.23) per share, compared to $(3.4) million or $(0.14) per share in the year-ago quarter. The 2016 per share amounts reflect the repurchase of approximately 40% of our outstanding shares in July 2016.

2016 Financial Results

Total net revenues in 2016 increased 28% to $17.2 million from $13.5 million in 2015 due to 37% growth in streaming revenue. Gaia's paying subscriber count at the end of 2016 grew 52% to 202,000 compared to 133,000 at the end of 2015.

Gross profit in 2016 increased 33% to $14.4 million compared to $10.9 million in 2015. Gross margin increased 280 basis points to 83.5% from 80.7% in 2015 due to increased revenues, continued leverage on streaming costs and our media library.

Total expenses in 2016 were $31.0 million compared to $19.6 million in 2015 due to additional selling and operating expenses associated with increased customer acquisition efforts, costs attributable to the re-branding of Gaia, an increase in headcount, and one-time costs of business separation activities and transition services.

Net loss from continuing operations in 2016 was $(10.8) million or $(0.54) per share, compared to $(9.0) million or $(0.37) per share in 2015. The 2016 per share amounts reflect the repurchase of approximately 40% of our outstanding shares in July 2016.

Net income in 2016 was $87.1 million or $4.39 per share, compared to a loss of $(11.7) million or $(0.48) per share.

At December 31, 2016, Gaia had $54.0 million in cash, no debt and unencumbered ownership of its 12-acre, 150,000 square foot campus.

About Gaia

Gaia is a global digital video streaming service and online community that provides curated conscious media in three primary channels: Seeking Truth, Transformation and Yoga, to its subscribers in over 140 countries. Over 90% of its 7,700 titles are available for streaming exclusively on Gaia through most devices connected to the Internet and approximately 80% of the views are generated by content produced or owned by Gaia. For more information about Gaia, visit www.gaia.com

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