Gaiam (GAIA) Tops Q3 EPS by 28c
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Gaia Reports Third Quarter 2016 Results
November 3, 2016 4:06 PM EDTBOULDER, CO -- (Marketwired) -- 11/03/16 -- Gaia, Inc. (NASDAQ: GAIA), a conscious media company, reported financial results for the third quarter ended September 30, 2016.
During the third quarter, Gaia completed the sale of its branded consumer product business and recognized a $114.5 million pre-tax gain. In the second quarter Gaia also sold its 51.4% interest in Natural Habitat, which was acquired for $0.6 million, for $12.8 million.
Gaia used the majority of the proceeds to conduct a share repurchase tender offer. Gaia acquired 9,637,000 shares of its common stock and 840,000 vested stock options... More
