secwatch.observer — SEC 8-K summary
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Issuer:     SAGA COMMUNICATIONS INC (SGA)
CIK:        0000886136
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001558370-23-017332
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886136/000155837023017332/0001558370-23-017332-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886136/000155837023017332/sga-20231102x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-017332

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