We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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Louisville-based Gaiam Inc. (Nasdaq: GAIA), a producer and marketer of lifestyle media and fitness accessories, posted revenue of $202 million for the year, an increase of 22 percent compared with $165 million in 2011, the company reported Monday.
The amounts do not include Gaiam’s subsidiary Real Goods Solar Inc. (Nasdaq: RSOL).
“The improvement in our operating results reflects double-digit internal revenue growth in our business segment and the benefit from our acquisition of Vivendi Entertainment,” Gaiam’s chief executive Lynn Powers said in a prepared statement
“In order to optimize our direct-to-consumer business, we recently appointed accomplished industry veteran, Andrew Davison, as president of Gaiam Brands following his award-winning tenure as chief marketing officer at Crocs Inc.,” Powers said. “We look forward to the value of his expertise and the benefit from our recently relaunched e-commerce site to support growth in our catalog and Internet businesses going forward.”
Gaiam’s stock was trading at $3.94 per share at midday Tuesday.