secwatch.observer — SEC 8-K summary
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Issuer:     SAGA COMMUNICATIONS INC (SGA)
CIK:        0000886136
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001558370-23-007749
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886136/000155837023007749/0001558370-23-007749-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886136/000155837023007749/sga-20230503x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-007749

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