Boston Omaha reports 2023 net loss of $7.0M on $96.3M revenue; EPS -$0.23 vs $0.34 prior

BOSTON OMAHA Corp

Total revenue $96.3M, up 19% YoY; net loss attributable to common $7.0M vs net income $10.2M in 2022.
Diluted EPS of ($0.23) vs $0.34 prior; book value per share $17.19 (Dec 31, 2023) vs $17.05.
Billboard rentals $42.9M (+9% YoY); broadband $35.3M (+23%); premiums earned $13.9M (+31%).
Cash from operations $16.1M inflow vs $5.2M outflow in 2022; total unrestricted cash & investments $71.3M.
Equity method loss on Sky Harbour of $13.1M was primary driver of overall net loss.

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