DallasNews Q1 net loss narrows to $1.4M; suspends dividend, plans printer relocation

DallasNews Corp

2025-Q1 EPS reported -$0.25 revenue$31,102,000

Q1 net loss $1.4M ($0.25/shr) vs loss $2.6M a year ago; operating loss $1.8M.
Adjusted operating loss improved 64% YoY to $0.8M; total revenue down 11.6% to $31.1M.
Plans to relocate printing from Plano to Carrollton, TX; expects $8M capex and $5M annual savings.
Suspends dividend indefinitely; new facility expected early 2025 with ~85 fewer employees.
Cash $18.4M, no debt; headcount reduced 18.6% YoY to 531.

item 2.02 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DallasNews Corp reported financial results for the three months ended March 31, 2024.

Period: the three months ended March 31, 2024
Result: reported results

Exact text from the filing

On May 15, 2024, DallasNews Corporation (the "Company") announced its consolidated financial results for the three months ended March 31, 2024.

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Source: SEC EDGAR

accession 0001413898-24-000021

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