Gaia Q2 revenue beats analyst expectations
Overview
Gaia Q2 revenue rises 12% yr/yr, beating analyst expectations, per LSEG data
Gross profit up 16%, EPS improves by $0.02 from last year
Subsidiary Igniton raises $6 mln, boosting valuation to $106 mln
Result Drivers
MEMBER GROWTH - Revenue growth driven by increase in member count and higher average revenue per user
IGNITON FUNDING - Subsidiary Igniton raised $6 mln, boosting its valuation to support future growth
OPERATIONAL EFFICIENCY - Improved operational execution and efficiency contributed to EPS improvement
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $24.63 mln | $24.40 mln (3 Analysts) |
Q2 Basic EPS |
| -$0.07 |
|
Q2 Pretax Profit |
| -$2.07 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for Gaia Inc is $7.75, about 46.7% above its August 8 closing price of $4.13
Press Release: ID:nGNX3vGFM6
