Saga Communications Q3 net income $2.7M vs loss year ago; revenue down 2.8% to $29.2M

SAGA COMMUNICATIONS INC

2023-Q3 EPS reported $1.15 revenue$85,735,000

Revenue $29.2M (-2.8% YoY); station operating expense up 2.1% to $22.8M.
Net income $2.7M vs net loss of $104K in Q3 2022; diluted EPS $0.45.
Station operating income (non-GAAP) $7.6M, down 14.7% from $8.9M.
Quarterly dividend of $0.25/share declared, payable Nov 3 to holders of record Oct 11.
Cash & short-term investments $41.7M at Sept 30; expects 2023 capex $4.5-5.0M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.