Revenue and Gross Profit Growth
Revenue increased by 12% year-over-year, reaching $23.8 million, and gross profit increased by 15%, amounting to $20.9 million. Gross margins improved from 85.4% to 87.8%.
AI and Community Initiatives
Following an $8 million offering, investment accelerated in AI development and Gaia Community platform. AI testing has been exceptional, with plans to integrate AI into the content management and member engagement workflows.
Increase in Member Count
Member count grew to 867,000, with a focus on high lifetime value members, contributing to a strong start for the year.
Leadership Transition
James Colquhoun is transitioning to Chief Business Development Officer to focus on growth accelerators, with Kiersten Medvedich stepping in as CEO, aligning with the company's mission and audience demographics.