secwatch.observer — SEC 8-K summary
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Issuer:     BOSTON OMAHA Corp (BOC)
CIK:        0001494582
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001437749-23-011995
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Boston Omaha reports 2022 annual letter: billboard revenue $39.2M, broadband subs up 118% to 39.6k
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- Share price grew 14% CAGR from $10 to $26.50 since 2015; operating businesses generate ~$25M annual cash flow.
- Link Media (billboards) revenue $39.2M (+6.7% organic), 7,600 faces, >30% cash flow return on tangible capital.
- Insurance: controlled premium up 36% to $7.5M; combined ratio 97.2% (expense ratio 82.8%, loss ratio 14.4%).
- Broadband: 39.6k subscribers (up from 18.2k), 4.9k fiber subs, EBITDA $4.4M, >$25M invested in 2022.
- BOAM total assets $156.8M; acquired remaining 50% of 24th Street Asset Management; Sky Harbour stake $108.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1494582/000143774923011995/0001437749-23-011995-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1494582/000143774923011995/bomn20230501_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-011995

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