secwatch.observer — SEC 8-K summary
======================================

Issuer:     BEASLEY BROADCAST GROUP INC (BBGI)
CIK:        0001099160
Form:       8-K
Filed at:   2022-08-01T23:59:59+00:00
Accession:  0001193125-22-208645
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beasley Broadcast Q2 net revenue up 8.8% to $64.8M; net loss $14.5M on $8.6M impairment
--------------------------------------------------------------------------------

- Net revenue $64.8M, +8.8% YoY; digital revenue +34.3%, representing 16.5% of total.
- Net loss of $14.5M ($0.48/diluted share) vs net income $0.2M year ago, including $8.6M non-cash impairment.
- Station operating income (non-GAAP) $11.2M vs $11.1M; new business revenue $7.8M, +60% vs Q1 2022.
- Total debt $295M, cash $45.9M; repurchased $5M of 8.625% senior secured notes during Q2.
- Management initiated cost reductions citing declining economic environment; no formal guidance update.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1099160/000119312522208645/0001193125-22-208645-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1099160/000119312522208645/d370563d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-208645

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