Gaiam (GAIA) Reports Q2 Loss of $0.10/Share

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Gaia Reports Second Quarter 2016 Results

August 8, 2016 4:05 PM EDT

BOULDER, CO -- (Marketwired) -- 08/08/16 -- Gaia, Inc. (NASDAQ: GAIA), a conscious media company, reported financial results for the second quarter ended June 30, 2016.

In July, Gaia completed the sale of its branded consumer product business to Sequential Brands Group, Inc. (NASDAQ: SQBG) and its operating partner Fit For Life LLC. Gross consideration was $167 million, subject to closing costs and standard post-closing adjustments, including net working capital, which is currently scheduled to be finalized by the end of the third quarter. In May, Gaia sold its 51.4% interest in Natural Habitat,... More