This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Gaiam Reports Second Quarter Revenue Increases 48% To $45.4 Million

A reconciliation of GAAP net loss to the non-GAAP net loss is set forth below as indicated (unaudited, in millions):

           
Pro Forma RSOLDeconsolidated RSOLConsolidated Pro Forma RSOLDeconsolidated RSOLConsolidated
For theThree MonthsEndedJune 30,2012 For theThree MonthsEndedJune 30,2011 For theThree MonthsEndedJune 30,2011 For theSix MonthsEndedJune 30,2012 For theSix MonthsEndedJune 30,2011 For theSix MonthsEndedJune 30,2011
Net loss attributable to Gaiam, Inc. $ (2.1 ) $ (3.9 ) $ (4.1 ) $ (3.3 ) $ (4.9 ) $ (5.1 )
Exclusion of acquisition-related costs (a) 1.2 1.1 1.2
Exclusion of loss from equity method investment   0.9     0.6         1.6     0.6      
 
Non-GAAP net loss attributable to Gaiam, Inc. $ (1.2 ) $ (3.3 ) $ (2.9 ) $ (0.6 ) $ (4.3 ) $ (3.9 )

A reconciliation of GAAP net loss per share to the non-GAAP net loss per share is set forth below as indicated (unaudited, shares in millions):

           
 
Pro Forma RSOLDeconsolidated RSOLConsolidated Pro Forma RSOLDeconsolidated RSOLConsolidated
For theThree MonthsEndedJune 30,2012 For theThree MonthsEndedJune 30,2011 For theThree MonthsEndedJune 30,2011 For theSix MonthsEndedJune 30,2012 For theSix MonthsEndedJune 30,2011 For theSix MonthsEndedJune 30,2011
Net loss per share attributable to Gaiam, Inc. common shareholders—diluted. $ (0.09 ) $ (0.17 ) $ (0.18 ) $ (0.14 ) $ (0.21 ) $ (0.22 )
Exclusion of acquisition-related costs per share (a) 0.05 0.04 0.05
Exclusion of loss from equity method investment per share   0.04     0.03       0.07   0.03      
 
Non-GAAP net income per share attributable to Gaiam, Inc. common shareholders—diluted $ (0.05 ) $ (0.14 ) $ (0.13 ) $ (0.03 ) $ (0.18 ) $ (0.17 )
 
Weighted average shares used in net loss per share calculations—diluted   22.7     23.3   23.3     22.7   23.3     23.3  

(a)

 

Net of taxes of $0.8 million for the three months ended June 30, 2011 and $0.6 million and $0.8 million for the six months ended June 30, 2012 and 2011, respectively. Income taxes were computed at an effective tax rate of approximately 35.5% for 2012 and 39.5% for 2011.

GAIAM, INC.

2011 RESULTS WITH REAL GOODS SOLAR CONSOLIDATED

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(In thousands, except per share data)

       
Three Months Ended Three Months Ended

 

June 30, 2012 June 30, 2011
Net revenue $ 45,446 100.0 % $ 50,709 100.0 %
Cost of goods sold   17,435   38.4 %   28,107   55.4 %
 
Gross profit 28,011 61.6 % 22,602 44.6 %
Selling and operating 26,896 59.2 % 24,966 49.2 %
Corporate, general and administration 3,081 6.7 % 2,800 5.5 %
Acquisition-related costs     %   2,010   4.0 %
 
Loss from operations (1,966 ) -4.3 % (7,174 ) -14.1 %
Interest and other income (expense) (123 ) -0.3 % 61 0.1 %
Loss from equity method investment   (944 ) -2.1 %     0.0 %
 
Loss before income taxes (3,033 ) -6.7 % (7,113 ) -14.0 %
Income tax benefit   (924 ) -2.1 %   (2,135 ) -4.2 %
 
Net loss (2,109 ) -4.6 % (4,978 ) -9.8 %
Net loss attributable to the noncontrolling interest   56   0.1 %   837   1.6 %
 
Net loss attributable to Gaiam, Inc. $ (2,053 ) -4.5 % $ (4,141 ) -8.2 %
 
Weighted-average shares outstanding:
Basic 22,702 23,314
Diluted 22,702 23,314
Net loss per share attributable to Gaiam, Inc. common shareholders:
Basic $ (0.09 ) $ (0.18 )
Diluted $ (0.09 ) $ (0.18 )

GAIAM, INC.

2011 RESULTS WITH REAL GOODS SOLAR CONSOLIDATED

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(In thousands, except per share data)

       
Six Months Ended Six Months Ended
June 30, 2012 June 30, 2011
Net revenue $ 92,779 100.0 % $ 105,521 100.0 %
Cost of goods sold   37,662   40.6 %   57,059   54.1 %
 
Gross profit 55,117 59.4 % 48,462 45.9 %
Selling and operating 51,057 55.0 % 49,349 46.8 %
Corporate, general and administration 5,654 6.1 % 5,832 5.5 %
Acquisition-related costs   1,667   1.8 %   2,010   1.9 %
 
Loss from operations (3,261 ) -3.5 % (8,729 ) -8.3 %
Interest and other income (expense) (67 ) -0.1 % 107 0.1 %
Loss from equity method investment   (1,640 ) -1.8 %     0.0 %
 
Loss before income taxes (4,968 ) -5.4 % (8,622 ) -8.2 %
Income tax benefit   (1,561 ) -1.7 %   (2,703 ) -2.6 %
 
Net loss (3,407 ) -3.7 % (5,919 ) -5.6 %
Net loss attributable to the noncontrolling interest   135   0.2 %   778   0.7 %
 
Net loss attributable to Gaiam, Inc. $ (3,272 ) -3.5 % $ (5,141 ) -4.9 %
 
Weighted-average shares outstanding:
Basic 22,700 23,307
Diluted 22,700 23,307
Net loss per share attributable to Gaiam, Inc. common shareholders:
Basic $ (0.14 ) $ (0.22 )
Diluted $ (0.14 ) $ (0.22 )




6 of 7

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,122.01 +15.31 0.09%
S&P 500 2,000.12 +0.10 0.00%
NASDAQ 4,569.6210 -1.0160 -0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs