Gaia, Inc.

Good afternoon, everyone, and thank you for participating in today's conference call to discuss Gaia Inc's financial results for the first quarter ended March 31st, 2022. Joining us today are Gaia's CEO, Yurka Risavi, and CFO, Paul Terrell. Following some prepared remarks, we will open the call for your questions. Before we get started, however, I would like to take a minute to read the Safe Harbor language. The following constitutes a Safe Harbor statement under the Private Securities Litigation Reform Act of 1995. The matters discussed today include forward-looking statements that involve numerous assumptions, risks, and uncertainties. These include, but are not limited to, general business consequences conditions, future losses, competitions, loss of key personnel, price changes, membership growth, brand reputation, changing consumer preferences, customer acquisition costs, member retention rates, acquisitions, and other risks and uncertainties detailed from time to time. In our filing with the Securities and Exchange Commission, including our reports on Form 10-K, and Form 10-Q. GAIA assumes no obligation to publicly update or revise any forward-looking statements. With that, I would now like to turn the call over to GAIA's CEO, Yurka Huisavi. Please go ahead, sir.

Thank you, and good afternoon, everyone.

The revenue for the first quarter increased 15% to $21.8 million from $18.9 million. Member count increased to $823,000, with average revenue per member increasing from the year-ago quarter. As our $299 annual premium subscription, as well as Yoga International $20 per month pricing, will continue to drive up our ARPU during the year. EBITDA improved to $4.1 million from $3.5 million. We improved our gross profit per employee to over $590,000 from $530,000 a year ago. Net income from continued operation was $0.2 million, or $0.01 per share, compared to $0.4 million and $0.02 per share in the year-ago quarter. The decline reflected incremental intangible asset amortization and higher operating expenses from Yoga International during the first quarter, as the acquisition was complete only in late December. The gross profit per employee at Yoga International was only $188,000 during the first quarter, but it's already almost double as of now. And Paul will talk to you more about that right now. Paul, go ahead.