Gaiam Inc.'s Q1 revenue increases 19.6%
Doug Storum
LOUISVILLE - Lifestyle media company Gaiam Inc. reported revenue of $56.6 million for the quarter that ended March 31, a 19.6 percent increase compared with $47.3 million generated in the same quarter a year ago.

Louisville-based Gaiam (Nasdaq: GAIA) reported that operating income for the quarter was up $151,000, compared with a loss of $1.2 million for the same quarter a year ago.

Shareholders incurred a loss of 1 cent per share for the quarter, compared with a loss of 5 cents per share for the same quarter a year ago.

Gaiam's chief executive Lynn Powers said operating results for the quarter included an approximately 21 percent year-over-year internal revenue growth for the business segment, as well as "solid revenue improvements" in the core e-commerce, catalog and travel businesses, as compared to the prior year period.

"Including the Vivendi Entertainment acquisition, the business segment's revenue increased approximately 45 percent," Powers said. "Gaiam's revenue increases from these operations more than offset a year-over-year decline in direct response television marketing revenue, which faced a challenging comparison with the exceptional year-ago results."

Powers said business segment revenue continues to benefit from the growing content library of Gaiam Vivendi Entertainment following its acquisition late in the first quarter last year as well as strong sales from the Gaiam and Gaiam Restore branded products.