Gaia trims quarterly losses

LOUISVILLE — Gaia Inc. (Nasdaq: GAIA), a Louisville-based company that streams video with a focus on yoga, added subscribers, boosted revenues and cut its net losses in the second quarter of fiscal year 2019.

The company posted a net loss of $4.5 million, or $0.25 per share. During the same period last year, it had losses of $6.4 million, or $0.36 per share. 

Gaia’s subscriber total rose from 463,200 on June 30, 2018, to 582,200 at the end of the most recent quarter.

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Revenues for the second quarter of this fiscal year were $13.2 million, up from $10.0 million in the same quarter of 2018.

 “The second quarter of 2019 showed disciplined expense management on our planned path to EBITDA profitability by the end of September, which is anticipated to be at a subscriber level of 590,000 to 600,000,” Gaia CFO Paul Tarell said in a prepared statement.