Banking & Finance  November 11, 2014

Gaiam incurs net loss despite 14% bump in revenue

LOUISVILLE — Gaiam Inc. (Nasdaq: GAIA), a provider of fitness and lifestyle-media products, on Monday reported a loss despite increased revenue for its third quarter that ended Sept. 30.

The Louisville-based firm reported revenue of $41.3 million for the quarter, up 14.2 percent, compared with $36.2 million for the same period a year ago. But it incurred a loss of $3 million, or 12 cents per share, compared with income of $120,000, or 0.3 cents per share, for the same period a year ago.

The prior year period included a $2 million gain from the sale of shares of Real Goods Solar stock, and $1 million of earnings from discontinued operations.

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Lynn Powers, Gaiam’s chief executive, said in a prepared statement that third-quarter results reflected growth of Gaiam Restore wellness products, up 33 percent, and sales of the SPRI line of rubberized resistance exercise equipment, up more than 100 percent.

The company also is benefitting from a new partnership with Kohls that added displays of Gaiam and Gaiam Restore products to its 1,100 stores.

Gaiam’s board of directors approved the separation of the company’s Gaiam TV media subscription unit from the Gaiam-branded business into two separate publicly traded companies. The filing for the spin-off is expected to occur after finalizing the company’s year-end audit.

Gaiam TV is a global digital video-streaming service that provides media content to its subscribers in approximately 100 countries. More than 90 percent of its 6,500 titles are available for streaming exclusively on Gaiam TV through almost any device connected to the Internet.

LOUISVILLE — Gaiam Inc. (Nasdaq: GAIA), a provider of fitness and lifestyle-media products, on Monday reported a loss despite increased revenue for its third quarter that ended Sept. 30.

The Louisville-based firm reported revenue of $41.3 million for the quarter, up 14.2 percent, compared with $36.2 million for the same period a year ago. But it incurred a loss of $3 million, or 12 cents per share, compared with income of $120,000, or 0.3 cents per share, for the same period a year ago.

The prior year period included a $2 million gain from the sale of shares of Real Goods Solar…

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