How did GAIA's revenue cost trend change in 2023?

Gaia's revenue and cost trends in 2023 showed a company struggling to maintain profitability. Here's a detailed analysis: 1. **Revenue Trend**: Gaia's total revenue for the year was $80.42 million. This figure indicates a stable revenue base, which is a positive sign for the company's overall business operations. 2. **Cost Trend**: The cost of goods sold (COGS) for Gaia in 2023 was $11.63 million. This cost is directly related to the revenue and indicates the efficiency of the company's production and sourcing processes. 3. **Net Income**: Gaia reported a net loss of $5.6 million for the year. This negative net income suggests that the company's expenses exceeded its revenue, leading to financial losses. |code|Ticker|Name|Date|Total Revenue (FY)|Net Income (FY)|Occupancy Cost (FY)|market_code| |---|---|---|---|---|---|---|---| |GAIA|GAIA.O|Gaia|2023|8.0423E7|-5595000||185| In conclusion, Gaia faced a challenging year in 2023, with revenue holding steady but not enough to cover the costs, resulting in a net loss. The company needs to focus on optimizing its operations to improve profitability.