Beasley Broadcast Q1 net revenue up 15.6% to $55.7M; net loss narrows to $0.13/diluted share

BEASLEY BROADCAST GROUP INC

2023-Q1 EPS reported -$0.13 revenue$55,720,268

Net revenue $55.7M (+15.6% YoY); digital segment revenue up 35.5% to 14% of total.
Net loss $3.7M ($0.13/diluted share) vs. net loss $10.7M ($0.36) in Q1 2021.
Station operating income (SOI) $5.9M, up from $5.2M in prior year.
Total debt $300M; cash $50.7M; repurchased $5M of senior secured notes in Q2.
Operating loss includes $1.9M non-cash impairment from sale of WWNN-AM.

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