Boston Omaha Corporation Announces Third Quarter 2022 Financial Results
We show below summary financial data for the third quarter of 2022 and 2021. Our Quarterly Report on Form 10-Q can be found at www.bostonomaha.com.
For the Three Months Ended
For the Nine Months Ended
|Billboard Rentals, Net|
|Broadband Services (1)|
|Investment and Other Income|
|Depreciation and Amortization Expense|
|Net Loss from Operations|
|Net Other (Loss) Income|
|Net (Loss) Income Attributable to Common Stockholders|
|Basic Net (Loss) Income per Share|
|Diluted Net (Loss) Income per Share|
|Total Unrestricted Cash, |
|Total Noncontrolling Interest|
|Total Stockholders' Equity|
As a result of a change in Generally Accepted Accounting Principles in 2018, we are required to include the unrealized changes in market prices of investments in public equity securities in our reported earnings(3). While we intend to hold our current securities for the longer term, we may in the future choose to sell them for a variety of reasons resulting in realized losses or gains.
Cash outflow from operations for the nine months ended
Our book value per share was
Includes the InfoWest and Go Fiber acquisitions completed on
Excludes Sky Harbour Class A common stock as we account for our investment under the equity method.
Any statements in this press release about the Company’s future expectations, plans and prospects, including statements about our financing strategy, future operations, future financial position and results, market growth, total revenue, as well as other statements containing the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would” and similar expressions, constitute forward-looking statements within the meaning of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. The Company may not actually achieve the plans, intentions or expectations disclosed in the Company’s forward-looking statements, and you should not place undue reliance on the Company’s forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements the Company make as a result of a variety of risks and uncertainties, including risks related to the Company’s estimates regarding the potential market opportunity for the Company’s current and future products and services, the impact of the COVID-19 pandemic, the competitive nature of the industries in which we conduct our business, general business and economic conditions, our ability to acquire suitable businesses, our ability to successfully integrate acquired businesses, the effect of a loss of, or financial distress of, any reinsurance company which we rely on for our insurance operations, the risks associated with our investments in both publicly traded securities and privately held businesses, our history of losses and ability to maintain profitability in the future, the Company’s expectations regarding the Company’s sales, expenses, gross margins and other results of operations, and the other risks and uncertainties described in the “Risk Factors” sections of the Company’s public filings with the