Gaiam Inc. (GAIA, Financial) filed Quarterly Report for the period ended 2012-06-30.
Gaiam, Inc. has a market cap of $78.8 million; its shares were traded at around $3.46 with and P/S ratio of 0.3.
Cost of goods sold. Cost of goods sold decreased $10.7 million, or 38.0%, to $17.4 million during the second quarter of 2012 from $28.1 million during the second quarter of 2011. Excluding Real Goods Solar, cost of goods sold increased $3.9 million, or 29.0%, during the second quarter of 2012 as compared to the second quarter of 2011 and, as a percentage of net revenue, decreased to 38.4% during the second quarter of 2012 from 43.9% during the second quarter of 2011. Cost of goods sold in our business segment increased $3.7 million, or 46.1%, to $11.7 million during the second quarter of 2012 from $8.0 million during the second quarter of 2011 and, as a percentage of net revenue, decreased to 40.9% during the second quarter of 2012 from 54.9% during the second quarter of 2011, primarily due to a shift in product sales mix resulting from our Gaiam Vivendi Entertainment business that has no cost of goods sold. Cost of goods sold in our direct to consumer segment increased $0.2 million, or 4.4%, to $5.8 million during the second quarter of 2012 from $5.5 million during the second quarter of 2011 and, as a percentage of net revenue, remained consistent with the second quarter of 2011 at 34.1%.
Net revenue. Net revenue decreased $12.7 million, or 12.1%, to $92.8 million during the first half of 2012 from $105.5 million during the first half of 2011. Excluding our formerly consolidated subsidiary, Real Goods Solar, which was deconsolidated on December 31, 2011(refer to the Supplemental Pro Forma Financial Information above), net revenue increased $24.6 million, or 36.2%, during the first half of 2012 as compared to the first half of 2011. Net revenue in our business segment increased $20.3 million, or 59.5%, to $54.3 million during the first half of 2012 from $34.0 million during the first half of 2011, due to our acquisition of media distributor Gaiam Vivendi Entertainment at the end of March 2012 and our media aggregator role for Target that commenced during the fourth quarter of 2011, as well as to improvements in stock levels and sales performance at our top retailer customers. Net revenue in our direct to consumer segment increased $4.4 million, or 12.9%, to $38.5 million during the first half of 2012 from $34.1 million during the first half of 2011, primarily attributable to increased sales in our direct response marketing business due to our repositioning of that business in 2011 and the success of fitness media products.
half of 2012 as compared to the first half of 2011 and, as a percentage of net revenue, decreased to 40.6% during the first half of 2012 from 44.1% during the first half of 2011. Cost of goods sold in our business segment increased $6.8 million, or 37.3%, to $25.0 million during the first half of 2012 from $18.2 million during the first half of 2011 and, as a percentage of net revenue, decreased to 46.0% during the first half of 2012 from 53.4% during the first half of 2011, primarily due to a shift in product sales mix resulting from our Gaiam Vivendi Entertainment business that has no cost of goods sold. Cost of goods sold in our direct to consumer segment increased $0.8 million, or 6.9%, to $12.7 million during the first half of 2012 from $11.9 million during the first half of 2011 and, as a percentage of net revenue, decreased to 33.0% during the first half of 2012 from 34.9% during the first half of 2011, primarily reflecting the significant increase of sales in our direct response marketing business.
Operating activities. Our operating activities provided net cash of $17.4 million and $5.9 million during the first halves of 2012 and 2011, respectively. Our net cash provided by operating activities during the first half of 2012 was primarily attributable to decreased accounts receivable of $31.4 million and noncash adjustments of $4.5 million, partially offset by decreased accounts and participations payable of $6.5 million, increased advances and inventory of $4.9 million and $3.6 million, respectively, and our net loss of $3.4 million. Our net cash provided by operating activities during the first half of 2011 was primarily attributable to decreased accounts receivable and inventory of $25.3 million, increased deferred revenue and other current liabilities of $2.1 million, and noncash adjustments of $0.4 million, partially offset by decreased accounts payable and accrued liabilities of $8.7 million, our net loss of $5.9 million, increased other current assets and deferred advertising costs of $5.8 million, and decreased participations payable of $1.0 million.
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Gaiam, Inc. has a market cap of $78.8 million; its shares were traded at around $3.46 with and P/S ratio of 0.3.
Highlight of Business Operations:
Net revenue. Net revenue decreased $5.3 million, or 10.4%, to $45.4 million during the second quarter of 2012 from $50.7 million during the second quarter of 2011. Excluding our formerly consolidated subsidiary, Real Goods Solar, which was deconsolidated on December 31, 2011(refer to the Supplemental Pro Forma Financial Information above), net revenue increased $14.7 million, or 47.8%, during the second quarter of 2012 as compared to the second quarter of 2011. Net revenue in our business segment increased $14.0 million, or 96.1%, to $28.5 million during the second quarter of 2012 from $14.6 million during the second quarter of 2011, due to our acquisition of media distributor Gaiam Vivendi Entertainment at the end of March 2012 and our continued strength at our large retailers, as well as our media aggregator role for Target that commenced during the fourth quarter of 2011. Net revenue in our direct to consumer segment increased $0.7 million, or 4.4%, to $16.9 million during the second quarter of 2012 from $16.2 million during the second quarter of 2011, primarily attributable to increased sales in our direct response marketing business due to our repositioning of that business in 2011.Cost of goods sold. Cost of goods sold decreased $10.7 million, or 38.0%, to $17.4 million during the second quarter of 2012 from $28.1 million during the second quarter of 2011. Excluding Real Goods Solar, cost of goods sold increased $3.9 million, or 29.0%, during the second quarter of 2012 as compared to the second quarter of 2011 and, as a percentage of net revenue, decreased to 38.4% during the second quarter of 2012 from 43.9% during the second quarter of 2011. Cost of goods sold in our business segment increased $3.7 million, or 46.1%, to $11.7 million during the second quarter of 2012 from $8.0 million during the second quarter of 2011 and, as a percentage of net revenue, decreased to 40.9% during the second quarter of 2012 from 54.9% during the second quarter of 2011, primarily due to a shift in product sales mix resulting from our Gaiam Vivendi Entertainment business that has no cost of goods sold. Cost of goods sold in our direct to consumer segment increased $0.2 million, or 4.4%, to $5.8 million during the second quarter of 2012 from $5.5 million during the second quarter of 2011 and, as a percentage of net revenue, remained consistent with the second quarter of 2011 at 34.1%.
Net revenue. Net revenue decreased $12.7 million, or 12.1%, to $92.8 million during the first half of 2012 from $105.5 million during the first half of 2011. Excluding our formerly consolidated subsidiary, Real Goods Solar, which was deconsolidated on December 31, 2011(refer to the Supplemental Pro Forma Financial Information above), net revenue increased $24.6 million, or 36.2%, during the first half of 2012 as compared to the first half of 2011. Net revenue in our business segment increased $20.3 million, or 59.5%, to $54.3 million during the first half of 2012 from $34.0 million during the first half of 2011, due to our acquisition of media distributor Gaiam Vivendi Entertainment at the end of March 2012 and our media aggregator role for Target that commenced during the fourth quarter of 2011, as well as to improvements in stock levels and sales performance at our top retailer customers. Net revenue in our direct to consumer segment increased $4.4 million, or 12.9%, to $38.5 million during the first half of 2012 from $34.1 million during the first half of 2011, primarily attributable to increased sales in our direct response marketing business due to our repositioning of that business in 2011 and the success of fitness media products.
half of 2012 as compared to the first half of 2011 and, as a percentage of net revenue, decreased to 40.6% during the first half of 2012 from 44.1% during the first half of 2011. Cost of goods sold in our business segment increased $6.8 million, or 37.3%, to $25.0 million during the first half of 2012 from $18.2 million during the first half of 2011 and, as a percentage of net revenue, decreased to 46.0% during the first half of 2012 from 53.4% during the first half of 2011, primarily due to a shift in product sales mix resulting from our Gaiam Vivendi Entertainment business that has no cost of goods sold. Cost of goods sold in our direct to consumer segment increased $0.8 million, or 6.9%, to $12.7 million during the first half of 2012 from $11.9 million during the first half of 2011 and, as a percentage of net revenue, decreased to 33.0% during the first half of 2012 from 34.9% during the first half of 2011, primarily reflecting the significant increase of sales in our direct response marketing business.
Operating activities. Our operating activities provided net cash of $17.4 million and $5.9 million during the first halves of 2012 and 2011, respectively. Our net cash provided by operating activities during the first half of 2012 was primarily attributable to decreased accounts receivable of $31.4 million and noncash adjustments of $4.5 million, partially offset by decreased accounts and participations payable of $6.5 million, increased advances and inventory of $4.9 million and $3.6 million, respectively, and our net loss of $3.4 million. Our net cash provided by operating activities during the first half of 2011 was primarily attributable to decreased accounts receivable and inventory of $25.3 million, increased deferred revenue and other current liabilities of $2.1 million, and noncash adjustments of $0.4 million, partially offset by decreased accounts payable and accrued liabilities of $8.7 million, our net loss of $5.9 million, increased other current assets and deferred advertising costs of $5.8 million, and decreased participations payable of $1.0 million.
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