Gaia, Inc.

Good afternoon, and welcome to GAIA's first quarter 2024 earnings conference call. At this time, all participants are in a listen-only mode. Joining us today from GAIA are Erika Reservi, Executive Chairman, James Calhoun, CEO, and Ned Preston, CFO. After the speaker's presentation, there will be a question and answer session. Before we begin, Gaia's management team would like to remind everyone that management's prepared remarks contain forward-looking statements, and management may make additional forward-looking statements in response to your questions, including but not limited to statements of expectations, future events, or future financial performance. These statements do not guarantee future performance, and therefore, undue reliance should not be placed upon them. Although we believe these expectations are reasonable, Gaia's management undertakes no obligation to revise any statements to reflect changes that occur after this call. Actual events or results could differ materially. These statements are based on current expectations of the company's management and involve inherent risks and uncertainties, including those identified in the risk factor section of Gaia's latest annual report on Form 10-K filed with SEC. All non-GAAP financial measures referenced in today's call are reconciled in the company's earnings press release to the most directly comparable GAAP measure. This call also contains time-sensitive information that is accurate only as of the time and date of this broadcast, May 6, 2024. Finally, I would like to remind everyone that this conference call is being webcast and a recording will be made available for replay on GAIA's Industrial Relations website at ir.gaia.com. I will now turn the call over to GAIA Executive Chairman, Yurko Vizervi. Please go ahead.

Good afternoon, everyone.

We continue to build on our increasing momentum, and our revenue for first quarter grew 11% to $21.7 million, which is a good step towards our increasing revenue growth target for the year. The member count during the first quarter grew to $839,000, from 766,000 and in sequentially additional 33,000 net members, which is one of the highest net member growth for the quarter. The annualized gross profit for employee in the first quarter grew to 680,000 from 610,000 in the first quarter of last year. Free cash flow improved $1.6 million to $1 million from the loss of $0.6 million in first quarter 23. And this is in a top of $8.4 million improvement we delivered last year. And James will now speak more about advances in business. Go ahead.