secwatch.observer — SEC 8-K summary
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Issuer:     SAGA COMMUNICATIONS INC (SGA)
CIK:        0000886136
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001558370-23-013781
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Saga Q2 revenue down 2.2% to $29.2M; net income $3.4M, EPS $0.55
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- Net revenue $29.2M (-2.2% YoY); operating income $4.3M vs $5.4M; station operating income $8.0M (-14.1%).
- Diluted EPS $0.55 (Q2) and $0.70 (six months); net income $3.4M vs $3.8M.
- Paid $0.25 quarterly dividend on June 16; cash $34.4M at June 30; capex guidance $5.0-5.5M for 2023.
- Station operating expense rose 2.9% to $22.4M; capital expenditures $1.3M in quarter vs $2.6M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886136/000155837023013781/0001558370-23-013781-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886136/000155837023013781/sga-20230808x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-013781

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