The following is a summary of the Gaia, Inc. (GAIA) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Gaia's Q1 revenue grew 11% to $21.7 million. The member count increased to 839,000, adding sequentially additional 33,000 net members.

• The annualized gross profit per employee increased to $680,000 from $610,000 in Q1 of the previous year.

• Free cash flow improved by $1.6 million and the gross profit increased to $18.5 million, up from $16.9 million in the same quarter of the previous year.

• The company saw a net loss of negative $1 million, an improvement from $1.3 million the previous year.

Business Progress:

• The company held its premier transformation event Immersion live with 52,000 attendees and rebranded its premium membership tier to Gaia+, resulting in the highest one-month increase in new sign-ups since October 2019.

• Gaia made progress in driving cash flow positive growth, leveraging AI to improve member product experience, and solidifying its brand's position in the conscious media and transformational space. They launched an AI-powered recommendation engine to improve content discovery for members.

More details: Gaia Inc IR

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