earnings
confidence high
sentiment negative
materiality 0.75
Saga Communications reports Q4 net loss of $6.9M; records $20.4M impairment, eliminating goodwill
SAGA COMMUNICATIONS INC
- Q4 net revenue $26.5M (-9.3% YoY); diluted loss per share $1.07 vs income $0.20.
- Recorded $20.4M goodwill/FCC license impairment; no goodwill remains after charge.
- Full-year net loss $7.9M; station operating income (non-GAAP) down 27.3% to $15.3M.
- Digital revenue grew 25.8% in Q4 and 19.1% for full year; tower sale added $11.6M gain.