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Gaiam Reports 2012 Third Quarter Results

Stocks in this article: GAIA

A reconciliation of the GAAP net loss to the non-GAAP earnings before share-based compensation, acquisition-related costs, interest, loss from equity method investment, income taxes, depreciation and amortization (“Adjusted EBITDA”) is set forth below (unaudited, in millions):

         
Pro Forma RSOL Deconsolidated RSOL Consolidated
For the Three Months Ended September 30, 2012 For the Three Months Ended September 30, 2011 For the Three Months Ended September 30, 2011
Net loss $ (10.9 ) $ (0.9 ) $ (1.2 )
Exclusion of income tax benefit (5.4

)

(0.2 ) (0.5 )
Exclusion of loss from equity method investment 15.9 0.2
Exclusion of interest and other expense (income) 0.2 (0.1 ) 0.0
Exclusion of acquisition-related costs 0.4
Exclusion of share-based compensation 0.2 0.2 0.5
Exclusion of depreciation and amortization   2.2     1.3     1.6  
 
Non-GAAP Adjusted EBITDA $ 2.2   $ 0.5   $ 0.8  
 
 
Pro Forma RSOL Deconsolidated RSOL Consolidated
For the Nine Months Ended September 30, 2012 For the Nine Months Ended September 30, 2011 For the Nine Months Ended September 30, 2011
Net loss $ (14.3 ) $ (5.8 ) $ (7.1 )
Exclusion of income tax benefit (6.9 ) (2.6 ) (3.2 )
Exclusion of loss from equity method investment 17.6 0.7
Exclusion of interest and other expense (income) 0.3 (0.2 ) (0.1 )
Exclusion of acquisition-related costs 1.7 2.4
Exclusion of share-based compensation 0.8 0.8 1.1
Exclusion of depreciation and amortization   6.1     3.7     4.4  
 
Non-GAAP Adjusted EBITDA $ 5.3 $ (3.4 ) $ (2.5 )
 

Non-GAAP Financial Measures For Exclusion Of Acquisition-Related Costs and Loss From Equity Method Investment

The Company has utilized the non-GAAP information set forth below as an additional device to aid in understanding and analyzing its financial results for the three and nine months ended September 30, 2012 and 2011, respectively. The Company believes that these non-GAAP measures will allow for a better evaluation of the operating performance of the business and facilitate meaningful comparison of the results in the current period to those in prior periods and future periods. Reference to these non-GAAP measures should not be considered a substitute for results that are presented in a manner consistent with GAAP.

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