secwatch.observer — SEC 8-K summary
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Issuer:     BEASLEY BROADCAST GROUP INC (BBGI)
CIK:        0001099160
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000950170-23-037972
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beasley Q2 net loss narrows to $10.4M; Adj. EBITDA up 17% to $7.7M; digital revenue grows 15%
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- Net loss of $10.4M ($0.35 diluted EPS) vs $14.5M loss ($0.49) in Q2 2022; includes $10.0M non-cash impairment.
- Revenue $63.5M, down 2.1% YoY; digital revenue grew 14.8% to 19.4% of total revenue.
- Adjusted EBITDA $7.7M (+16.8% YoY); operating expenses down 4.3% YoY.
- Repurchased $3M of debt at discount; total debt $287M; cash $35.5M at quarter end.
- Management reaffirms expectation of positive cash flow for full year 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1099160/000095017023037972/0000950170-23-037972-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1099160/000095017023037972/bbgi-20230803.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-037972

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