Gaiam, Inc. (Nasdaq: GAIA) has announced results for its second quarter ended June 30, 2007.
For the second quarter, Gaiam generated revenue of $52.4 million, an increase of 21.3% over the $43.2 million recorded in the same period last year. The internal growth rate was 18% on top of the 25% increase achieved in the second quarter of last year.
Gross margin increased 190 basis points to 64.2% of revenue in the second quarter of 2007, from 62.3% in the same period last year, which in turn represented a 1370 basis point increase from 48.6% in the second quarter of 2005. The increase over 2006 was primarily due to higher margin international sales.
Operating expenses as a percentage of revenue decreased to 67.9% in the second quarter of 2007, from 68.5% in the comparable period last year even after increased expenses related to Gaiam’s expanding online community.
Gaiam reported a net loss for the second quarter of $0.3 million, or $0.01 per share, as compared to a net loss of $1.2 million, or $0.05 per share, for the second quarter of 2006. Depreciation and amortization for the quarter was $3.1 million.
For the six months ended June 30, 2007, Gaiam recorded net revenues of $110.8 million, a 16.8% increase from $94.9 million in the comparable period a year ago. Net income totaled $1.4 million, or $0.06 per share, compared to a net loss of $0.3 million, or $0.01 per share, for the six months ended June 30, 2006.
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