Laporan Gaia Menunjukkan Pertumbuhan Pendapatan dan Keanggotaan yang Kuat di Kuartal 1 2024 oleh Investing.com

Ned Preston: Thank you, James. Our financial results for the first quarter of 2024 demonstrate steady progress towards our goals of revenue growth and positive cash flow generation. We continue to focus on operational efficiency and improving our member experience to drive growth and profitability. Our cash balance as of March 31st, 2024, was $8.6 million, with an unused $10 million line of credit available. We are pleased to report positive free cash flow for the fourth consecutive quarter, with $1 million generated in the first quarter of 2024. Our operating cash flows for Q1 were at $5.9 million, a $5.2 million improvement from the previous year. We remain committed to increasing our annual revenue growth, improving gross profit per employee, and generating positive free cash flow. Our AI-powered recommendation engine, launched in the first quarter, has been well-received by our members, enhancing their content discovery experience and driving engagement. We are also pleased with the response to the pricing updates in euro and GBP markets and look forward to implementing similar adjustments in other markets by the end of Q2. Overall, we are confident in our strategic initiatives and optimistic about the future growth prospects of Gaia. Thank you. Jirka Rysavy: Thank you, Ned. In conclusion, Gaia’s first quarter of 2024 demonstrates our commitment to delivering value to our members and shareholders. We are pleased with the growth in revenue, membership, and free cash flow, as well as the positive reception of our new initiatives such as the AI-powered recommendation engine and the rebranding of our premium membership tier. We remain focused on driving growth, enhancing the member experience, and achieving positive cash flow generation. We are confident in our ability to continue our upward trajectory and deliver long-term value to our stakeholders. Thank you for joining us today. Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.

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