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.
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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…
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