secwatch.observer — SEC 8-K summary
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Issuer:     SAGA COMMUNICATIONS INC (SGA)
CIK:        0000886136
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001558370-24-007480
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886136/000155837024007480/0001558370-24-007480-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886136/000155837024007480/sga-20240509x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-007480

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