Gaiam posts loss despite revenue gain
Last Updated: 14:28 March 19, 2013
Louisville-based Gaiam Inc. (Nasdaq: GAIA), a producer and marketer of lifestyle media and fitness accessories, posted revenue of $202 million for the year, an increase of 22 percent compared with $165 million in 2011, the company reported Monday.
The amounts do not include Gaiam's subsidiary Real Goods Solar Inc. (Nasdaq: RSOL).
"The improvement in our operating results reflects double-digit internal revenue growth in our business segment and the benefit from our acquisition of Vivendi Entertainment," Gaiam's chief executive Lynn Powers said in a prepared statement
"In order to optimize our direct-to-consumer business, we recently appointed accomplished industry veteran, Andrew Davison, as president of Gaiam Brands following his award-winning tenure as chief marketing officer at Crocs Inc.," Powers said. "We look forward to the value of his expertise and the benefit from our recently relaunched e-commerce site to support growth in our catalog and Internet businesses going forward."
Gaiam's stock was trading at $3.94 per share at midday Tuesday.
More breaking news...
OIA likes proposed budget for public lands
Boulder Brands outlines 2014 for investors
TekDry attracts cash to save wet cellphones
Fresh off of a glowing 2013 earnings report that showed profit had more than doubled
According to a document filed with the