secwatch.observer — SEC 8-K summary
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Issuer:     BEASLEY BROADCAST GROUP INC (BBGI)
CIK:        0001099160
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0001193125-23-041061
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beasley Q4 net loss $25.8M from $44.2M non-cash impairment; revenue up 1.8% to $72M
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- Q4 net revenue $72.0M (+1.8% YoY); operating loss $33.5M vs $6.5M income in Q4 2021 due to $44.2M impairment.
- Net loss $25.8M ($0.87 diluted EPS) vs net income $10.6M ($0.36 diluted EPS) in Q4 2021.
- Full year net revenue $256.4M (+6.2%); net loss $43.4M ($1.47 diluted EPS) including $54.7M impairment.
- Digital revenue up 13.2% YoY to ~17% of Q4 revenue; political revenue $5.1M in Q4.
- Total debt $290M; cash $39.5M; impairment charges preliminary and subject to change.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1099160/000119312523041061/0001193125-23-041061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1099160/000119312523041061/d277941d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-041061

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