---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-016164"
form_type: "8-K"
ticker: "SGA"
cik: "0000886136"
company_name: "SAGA COMMUNICATIONS INC"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T10:57:58.699953+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Saga Q3 net loss of $104K on $3.8M founder-related charge; adjusted EPS $0.62

## Summary
- Net revenue up 3.9% to $30.0M; station operating income up 4.1% to $8.9M.
- Operating income $1.1M vs $4.6M; includes $3.8M accrual for payments to founder Ed Christian's estate.
- GAAP net loss of $104K ($0.01 diluted EPS) vs net income $3.5M ($0.58) a year ago.
- Excluding the accrual, operating income would have risen 5.8% to $4.9M; adjusted EPS $0.62.
- Cash & short-term investments $58.3M; paid $0.25 quarterly + $2.00 special dividend on Oct 21.

## SEC filing metadata
- accession: 0001558370-22-016164
- form_type: 8-K
- ticker: SGA
- cik: 0000886136
- company_name: SAGA COMMUNICATIONS INC
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/886136/000155837022016164/0001558370-22-016164-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/886136/000155837022016164/sga-20221103x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-016164
- JSON: https://secwatch.observer/filing/0001558370-22-016164.json
- Plain text: https://secwatch.observer/filing/0001558370-22-016164.txt

## Key facts
- Earnings Releases
  SAGA COMMUNICATIONS INC reported three and nine months ended September 30, 2022 results: revenue $30.0 million, net income net loss of $104 thousand, EPS $(0.01).
  - Period: three and nine months ended September 30, 2022
  - Revenue: $30.0 million
  - Net income: net loss of $104 thousand
  - EPS: $(0.01)
  - Result: reported results
  source text: Ed Christian. The actual results as well as the results adjusted for the impact of his passing are reported in this financial results release. Net revenue increased 3.9% to $30.0 million for the quarter ended September 30, 2022 compared to $28.8 million for the same period last year. Station operating expense increased 2.8% for the quarter to $22.3 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/886136/000155837022016164/0001558370-22-016164-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.