secwatch.observer — SEC 8-K summary
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Issuer:     SAGA COMMUNICATIONS INC (SGA)
CIK:        0000886136
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001558370-24-014772
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Saga Communications Q3 net revenue down 3.5% to $28.1M; net income falls to $1.3M
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- Net revenue $28.1M (down 3.5% YoY); operating income $1.6M vs $3.5M.
- Net income $1.3M vs $2.7M; diluted EPS $0.20.
- Station operating income (non-GAAP) fell 21.2% to $6.0M.
- Same station revenue down 5.8%, operating income down 49.7%.
- Cash $28.7M as of Sept 30; $5M drawn on $50M revolver; $0.25 dividend paid Oct 18.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886136/000155837024014772/0001558370-24-014772-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886136/000155837024014772/sga-20241107x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-014772

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