---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-007749"
form_type: "8-K"
ticker: "SGA"
cik: "0000886136"
company_name: "SAGA COMMUNICATIONS INC"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T02:11:38.801054+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Saga Q1 net income falls to $920K; revenue up 1.3% to $25.3M

## Summary
- Net revenue $25.3M, up 1.3% YoY; net income $920K vs $1.2M prior year.
- Diluted EPS $0.15; operating income $905K vs $1.7M; free cash flow $1.1M vs $1.9M.
- Station operating expense rose $1.1M to $21.7M, driven by $446K higher compensation and $272K health care costs.
- Quarterly dividend of $0.25 per share paid April 7; cumulative dividends since 2012 exceed $108M.
- Cash and short-term investments $37.5M at March 31; 2023 capex guidance $5.0-5.5M.

## SEC filing metadata
- accession: 0001558370-23-007749
- form_type: 8-K
- ticker: SGA
- cik: 0000886136
- company_name: SAGA COMMUNICATIONS INC
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/886136/000155837023007749/0001558370-23-007749-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/886136/000155837023007749/sga-20230503x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-007749
- JSON: https://secwatch.observer/filing/0001558370-23-007749.json
- Plain text: https://secwatch.observer/filing/0001558370-23-007749.txt

## Key facts
- Earnings Releases
  SAGA COMMUNICATIONS INC reported the three months ended March 31, 2023 results: revenue $25.3 million, net income $920 thousand, EPS $0.15.
  - Period: the three months ended March 31, 2023
  - Revenue: $25.3 million
  - Net income: $920 thousand
  - EPS: $0.15
  - Result: reported results
  source text: Saga Communications, Inc. (Nasdaq - SGA) (the “Company” or “Saga”) today reported that net revenue increased 1.3% to $25.3 million for the quarter ended March 31, 2023 compared to $25.0 million for the same period last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/886136/000155837023007749/0001558370-23-007749-index.htm

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