Gaia, Inc. Reports First Quarter Net Loss of $1.1 Million

Gaia, Inc.(GAIA), a renowned multi media and streaming services company, released its condensed consolidated financial statements for the first quarter ended March 31, 2023. The unaudited report highlights the company's financial performance, including a net loss of $1.1 million and a decrease in revenue to $19.6 million during the three-month period. Let's delve into the details of Gaia's financials to gain a comprehensive understanding of its current state.

Net Loss of $1.1 Million

Gaia, Inc. experienced a net loss of $1.1 million during the first quarter of 2023. This marks a significant decline compared to the same period in the previous year when the company reported a net income of $86,000. The increase in net loss can be attributed to various factors affecting the company's operational and financial performance.

Revenue Declines to $19.6 Million