| Quarterly Results of Operations (Unaudited) |
18. Quarterly Results of Operations (Unaudited)
The following tables set forth our unaudited results of operations
for each of the quarters in 2015 and 2014.
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Year 2015 Quarters Ended
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(in thousands, except per share data)
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March 31 |
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June 30 |
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September 30 |
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December 31 |
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Net revenue
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$ |
37,638 |
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$ |
41,146 |
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$ |
51,300 |
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$ |
57,934 |
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Gross profit
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17,247 |
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18,207 |
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21,853 |
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27,462 |
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(Loss) income from continuing operations
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(3,418 |
) |
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12 |
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2,431 |
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2,066 |
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(Loss) income from discontinued operations
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(466 |
) |
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(1,121 |
) |
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(10,695 |
) |
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179 |
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Net (loss) income
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(3,884 |
) |
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(1,109 |
) |
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(8,264 |
) |
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2,245 |
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Net (loss) income attributable to Gaiam, Inc.
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(3,892 |
) |
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(1,117 |
) |
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(8,814 |
) |
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2,117 |
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Diluted net (loss) income per share attributable to Gaiam, Inc.
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$ |
(0.16 |
) |
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$ |
(0.05 |
) |
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$ |
(0.36 |
) |
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$ |
0.09 |
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Weighted average shares outstanding-diluted
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24,490 |
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24,610 |
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24,604 |
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24,626 |
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Year 2014 Quarters Ended
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(in thousands, except per share data)
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March 31 |
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June 30 |
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September 30 |
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December 31 |
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Net revenue
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$ |
37,611 |
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$ |
32,451 |
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$ |
41,256 |
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$ |
55,376 |
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Gross profit
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17,020 |
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15,468 |
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18,018 |
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24,999 |
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Gain on sale of investment (a)
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438 |
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1,042 |
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— |
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— |
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(Loss) income from continuing operations
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(2,098 |
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(2,216 |
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(2,559 |
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1,243 |
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Income (loss) from discontinued operations
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26 |
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2 |
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(82 |
) |
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(3,273 |
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Net loss
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(2,072 |
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(2,214 |
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(2,641 |
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(2,030 |
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Net loss attributable to Gaiam, Inc.
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(2,134 |
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(2,388 |
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(3,026 |
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(2,368 |
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Diluted net loss per share attributable to Gaiam, Inc.
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$ |
(0.09 |
) |
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$ |
(0.10 |
) |
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$ |
(0.12 |
) |
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$ |
(0.10 |
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Weighted average shares outstanding-diluted
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24,006 |
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24,090 |
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24,340 |
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24,470 |
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| (a) |
We reported gains on the sale of our
RGSE stock during 2014, the carrying value for which had previously
been reduced to zero through the recognition of our portion of
RGSE’s net losses. We also recognized a gain of $0.5 million
in connection with the sale of Cinedigm Corp. Class A common
stock which we received in connection with the sale of GVE to
Cinedigm in October 2013. |
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