---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-007480"
form_type: "8-K"
ticker: "SGA"
cik: "0000886136"
company_name: "SAGA COMMUNICATIONS INC"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T08:01:57.269221+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Saga Communications Q1 net loss of $1.6M; revenue down 2.5% to $24.7M

## Summary
- Net loss of $1.6M ($0.25 diluted loss per share) vs. net income of $920k in Q1 2023.
- Operating loss of $2.4M vs. operating income of $905k; includes $971k non-cash write-off.
- Station operating income (non-GAAP) decreased 40.9% to $2.8M.
- Paid quarterly dividend of $0.25/share on March 8 and variable dividend of $0.60/share on April 5.
- Cash and short-term investments $28.8M as of March 31; capex guidance $5.0–5.5M for 2024.

## SEC filing metadata
- accession: 0001558370-24-007480
- form_type: 8-K
- ticker: SGA
- cik: 0000886136
- company_name: SAGA COMMUNICATIONS INC
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/886136/000155837024007480/0001558370-24-007480-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/886136/000155837024007480/sga-20240509x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-007480
- JSON: https://secwatch.observer/filing/0001558370-24-007480.json
- Plain text: https://secwatch.observer/filing/0001558370-24-007480.txt

## Key facts
- Earnings Releases
  SAGA COMMUNICATIONS INC reported quarter ended March 31, 2024 results: revenue $24.7 million, net income net loss of $1.6 million, EPS $0.25.
  - Period: quarter ended March 31, 2024
  - Revenue: $24.7 million
  - Net income: net loss of $1.6 million
  - EPS: $0.25
  - Result: reported results
  source text: net revenue decreased 2.5% to $24.7 million for the quarter ended March 31, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/886136/000155837024007480/0001558370-24-007480-index.htm

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