Gaiam posts 2Q loss despite revenue increase
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.
SPONSORED CONTENT
How Platte River Power Authority is accelerating its energy transition
Platte River Power Authority, the community-owned wholesale electricity provider for Northern Colorado, has a history of bold initiatives.
Gaiam’s share price rose 4.5 percent Wednesday to $7.25. The earnings report was released after market close.
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…
THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!
