Welcome to our dedicated page for Boston Omaha news (Ticker: BOC), a resource for investors and traders seeking the latest updates and insights on Boston Omaha stock.
Boston Omaha Corp (BOC) is a diversified holding company with strategic interests in real estate, outdoor advertising, broadband services, and insurance. This page provides investors and stakeholders with a centralized source for official company announcements and market-related developments.
Access timely updates including earnings reports, acquisition activity, leadership changes, and operational milestones. Our curated news collection enables efficient tracking of BOC's multi-industry strategy and book value growth initiatives.
All content is sourced directly from company filings and verified financial publications. Bookmark this page for streamlined monitoring of BOC's billboard leasing updates, real estate investments, and broadband service expansions across key U.S. markets.
Boston Omaha (NYSE: BOC) announced its financial results for Q1 2024, ending March 31. Key highlights include:
Total revenues of $25.55M, up from $22.82M in Q1 2023.
Billboard Rentals and Broadband Services contributed $10.70M and $9.68M, respectively.
Net loss from operations was $2.06M, down from $2.98M in Q1 2023.
Net loss attributable to common stockholders was $2.81M, or $0.09 per share, compared to $3.32M or $0.11 per share in Q1 2023.
Total assets decreased to $757.34M from $768.21M at the end of 2023.
Total unrestricted cash and investments decreased to $33.63M from $71.27M.
Depreciation and amortization expenses increased to $5.34M from $4.51M.
Cash inflow from operations was $2.42M, compared to $1.37M in Q1 2023.
Boston Omaha announced the departure of Co-CEO Alex Rozek to pursue new entrepreneurial opportunities, leaving Adam Peterson as the sole CEO. The company has evolved into a diversified holding company with interests in outdoor advertising, surety insurance, fiber to the home, and minority interests in other corporations. Boston Omaha plans to focus on growing existing business lines before considering new opportunities, aiming to increase value per share for shareholders.
FAQ
What is the current stock price of Boston Omaha (BOC)?
What is the market cap of Boston Omaha (BOC)?
