secwatch.observer — SEC 8-K summary
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Issuer:     SAGA COMMUNICATIONS INC (SGA)
CIK:        0000886136
Form:       8-K
Filed at:   2026-08-13T13:05:25+00:00
Accession:  0001104659-26-095527
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Saga Q2 revenue down 6.5% to $26.4M; six-month net loss $1.4M
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- Q2 net revenue $26.4M (-6.5% YoY); operating income $623K vs $1.4M; net income $960K, diluted EPS $0.15.
- Six-month revenue $49.3M (-6.0%); operating loss $2.6M; net loss $1.4M, diluted loss per share $0.23.
- Sold 24 towers for ~$10.7M; records non-cash rent expense $352K and non-cash interest income $381K in Q2.
- Paid quarterly dividend $0.25/share on June 12, 2026; aggregate ~$1.6M; total dividends since 2012 exceed $145M.
- Cash and short-term investments $27.8M at June 30; repaid $5.0M revolver; 2026 capex guidance $3.0-3.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886136/000110465926095527/0001104659-26-095527-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886136/000110465926095527/sga-20260813x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-095527

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer