GAIA (GAIA) saw its loss narrow to $6.18 million, or $0.41 a share for the quarter ended Mar. 31, 2017. In the previous year period, the company reported a loss of $7.62 million, or $0.31 a share.
Revenue during the quarter surged 51.02 percent to $5.78 million from $3.83 million in the previous year period. Gross margin for the quarter expanded 444 basis points over the previous year period to 85.82 percent.
Operating loss for the quarter was $6.85 million, compared with an operating loss of $4.09 million in the previous year period.
"Our subscriber growth has continued to build momentum in the first quarter of 2017, coming off already accelerated growth in the second half of 2016," said Jirka Rysavy, Gaia's chief executive officer. "The 58% subscriber growth from last year exceeded our guidance, while our cost of acquiring these customers continues to track better than our plan."
Working capital increases sharplyGAIA has recorded an increase in the working capital over the last year. It stood at $39.03 million as at Mar. 31, 2017, up 61.19 percent or $14.82 million from $24.21 million on Mar. 31, 2016. Current ratio was at 5.72 as on Mar. 31, 2017, up from 1.78 on Mar. 31, 2016. Days sales outstanding went down to 216 days for the quarter compared with 475 days for the same period last year.
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