Gaia reports Q2 EPS (7c), consensus (8c)

Reports Q2 revenue $24.63M, consensus $24.32M. “As planned, we continued to deliver on positive free cash flow and double-digit growth for the quarter,” said Jirka Rysavy, Gaia‘s (GAIA) chairman. “In July, our subsidiary, Igniton, raised $6 million of private common equity financing, including $2.0 million from Gaia, at an implied post-money valuation of $106 million, up from an implied post-money valuation of $40 million from last year’s raise. The proceeds from the financing will be used by Igniton for product launch, general operating expenses and certain capital expenditures to support future growth. Gaia now owns approximately two-thirds of Igniton equity.”