Gaiam posts 2Q loss despite revenue increase

LOUISVILLE – Lifestyle company Gaiam Inc. (Nasdaq: GAIA) on Wednesday reported a loss for its second quarter, although it posted an increase in revenue.

Louisville-based Gaiam, which produces and markets lifestyle media and fitness accessories, had revenue of $32.5 million for the period ending June 30, a 1.7 percent increase compared with $31.9 million for the same period last year.

The company suffered a net loss of $2.4 million, or 10 cents per share, compared with a $7.8 million profit for the same period a year ago.

Gaiam’s share price rose 4.5 percent Wednesday to $7.25. The earnings report was released after market close.


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