secwatch.observer — SEC 8-K summary
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Issuer:     SAGA COMMUNICATIONS INC (SGA)
CIK:        0000886136
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001558370-22-016164
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886136/000155837022016164/0001558370-22-016164-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886136/000155837022016164/sga-20221103x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-016164

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer