Gaia’s stock price skyrockets after positive revenue report
LOUISVILLE — Gaia Inc. (Nasdaq: GAIA), a Louisville-based yoga-focused streaming video service, saw its stock price climb nearly 25 percent in early trading Tuesday after the company posted higher than anticipated revenues for the third quarter of fiscal year 2019.
As of 10 a.m. Tuesday, Gaia’s stock price was hovering around $9.
Revenues jumped 25 percent to $13.7 million in the most recent quarter from $10.9 million in the same period in 2018, according to Gaia’s earnings report filed late Monday.
Gaia attributes much of that improvement to a 16 percent…
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