Business Booming At Gaiam

Broomfield, CO–Healthy living products equal a healthy balance sheet, at least in multititle cataloger Gaiam’s case. The company, whose titles include Real Goods and Gaiam Lifestyle, reported a solid second quarter ended June 30: Sales increased to $22 million from $11.4 million in the same quarter last year. Net income for the second quarter of 2001 increased to $552,403 from $200,452 during the same period last year. Earnings per share were 5 cents for the second quarter, up from 2 cents during the same period of 2000.

As for the year so far, Gaiam’s sales increased to $39.7 million from $23.9 in the six months ending June 30. Net income for the first six months of 2001 increased to $971,431 from $403,744 during the same period last year.

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