secwatch.observer — SEC 8-K summary
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Issuer:     BEASLEY BROADCAST GROUP INC (BBGI)
CIK:        0001099160
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000950170-23-057453
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beasley Q3 revenue $60.1M, net loss $67.5M on $88.8M impairment; digital up 9.1%
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- Net loss $67.5M ($2.25/diluted share) vs net income $0.5M ($0.02) a year ago; includes $88.8M non-cash impairment.
- Revenue $60.1M, down 5.8% YoY from $63.8M; digital revenue grew 9.1% to 18.6% of total.
- Adjusted EBITDA $5.5M vs $7.2M; operating expenses down 2.7%, corporate expenses down 12.5%.
- Post-Q3: sold WJBR-FM for $5M, used proceeds to repurchase $10M senior secured notes at discount; debt reduced $13M YTD.
- New local business revenue up 22% YoY; company expects positive cash flow in Q4 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1099160/000095017023057453/0000950170-23-057453-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1099160/000095017023057453/bbgi-20231101.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-057453

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