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 Corporation (NYSE: BOC) is a public holding company with majority owned businesses in outdoor advertising, broadband telecommunications services, surety insurance, and asset management. Its news flow reflects this mix of operations, combining updates on billboard rentals, broadband services, insurance activities, and investment performance with corporate governance and capital allocation announcements.
Investors following BOC news will see regular quarterly and annual financial results released in connection with the company’s Forms 10-Q and 10-K filed with the Securities and Exchange Commission. These releases break out revenues from Billboard Rentals, Net; Broadband Services; Premiums Earned; Insurance Commissions; and Investment and Other Income, and discuss items such as net loss from operations, net other income or expense, and book value per share.
Boston Omaha also issues news on capital allocation decisions, including share repurchase activity and Board-approved stock repurchase programs for its Class A common stock. Corporate governance developments, such as appointments and resignations of directors, changes in the independent registered public accounting firm, and details of the annual meeting of stockholders, are reported through press releases and related Form 8-K filings.
Because Boston Omaha owns General Indemnity Group, an insurance holding company focused on the surety insurance sector, news can also highlight performance within that subsidiary, including revenue and net income trends, restructuring of insurance agencies, and technology platforms used in surety bond distribution.
This news page aggregates these disclosures so readers can review BOC’s earnings announcements, insurance and broadband updates, investment commentary related to holdings such as Sky Harbour Group Corporation, and key governance and capital markets events in one place.
Boston Omaha Broadband has announced the appointment of Max Meisinger as its Chief Financial Officer (CFO). Meisinger will also maintain his role as Chief Accounting Officer at Boston Omaha Corporation (NYSE:BOC). His extensive experience and successful track record since joining the company are expected to enhance financial oversight and support the growth of Boston Omaha Broadband, which operates in 17 states and has over 40,000 subscribers.
Link Media Outdoor has acquired the outdoor advertising assets of Elevation Outdoor Advertising in Knoxville, TN. This deal expands Link’s geographic reach, adding over 265 billboard faces, including 8 digital displays, to its portfolio. The acquisition marks Link's largest in 2022, significantly enhancing its presence in the Southeast. Elevation, founded in 2002 by Martin Daniel, has successfully developed a strong inventory. Martin and sales lead Donna Jarnigan will remain involved during the transition. Link now operates over 7,665 billboard advertising faces across multiple states, including Tennessee.
Boston Omaha Corporation (NYSE: BOC) reported its third-quarter financial results for 2022, revealing total revenues of $21.45 million, up from $14.50 million in Q3 2021. The net loss attributable to common stockholders was $1.41 million, with a basic net loss per share of $0.05. Cash outflow from operations was $(9.58 million), contrasting with an inflow of $6.62 million the previous year. The company held total unrestricted cash and marketable securities of $89.73 million as of September 30, 2022, while the book value per share slightly increased to $16.83.
Boston Omaha Corporation (NYSE: BOC) reported a net loss of $11.5 million for Q2 2022, compared to a net income of $8.6 million in Q2 2021. Total revenues increased to $20.9 million, up from $14.2 million year-over-year. The company faced unrealized losses of $16.9 million from investments. Cash outflows from operations reached $(14.7 million) compared to inflows in the prior year. Book value per share rose to $16.88 as of June 30, 2022.
Boston Omaha Corporation (NYSE: BOC) has successfully acquired Strawberry Communications' Internet Service business, which includes its fiber and wireless assets. This strategic move enhances Utah Broadband's fiber footprint, positioning it as a leading provider in the Greater Park City Area and Heber Valley. Despite the acquisition not being material to BOC's overall fiber operations, it aims to leverage Strawberry's established customer service reputation and robust networks to scale its offerings. Both companies express enthusiasm for the synergies this partnership will create.
Boston Omaha Corporation (NYSE: BOC) reported its Q1 2022 financial results, including total revenues of $16.29 million, up from $13.21 million in Q1 2021. The company experienced a net loss from operations of $(2.45 million) compared to a loss of $(1.49 million) in the prior year. Significant net other income of $25.50 million included gains from the deconsolidation of Yellowstone Acquisition Company. Cash outflow from operations was $(15.68 million), contrasting with a cash inflow of $4.03 million in the same quarter of 2021.
Boston Omaha Corporation (NYSE: BOC) has acquired InfoWest, Inc. and Go Fiber LLC, fiber and fixed wireless internet service providers in St. George, Utah. This acquisition allows Boston Omaha to expand its high-speed internet services to over 20,000 customers across Southern and Central Utah, Northern Arizona, and Nevada. Equity holders of InfoWest and Go Fiber will retain a 20% ownership in the newly formed FIF St George. Additional capital investments are planned to accelerate fiber expansion and enhance connectivity in rural communities.
Boston Omaha Corporation (NYSE: BOC) reported fiscal year 2021 financial results, revealing a total revenue of $56.97 million, an increase from $45.74 million in 2020. Billboard rentals and broadband services contributed significantly, with respective revenues of $31.50 million and $15.23 million. The net income attributable to common stockholders was $52.75 million, compared to a loss of ($49,089) in the prior year. Cash flow from operations improved to $7.77 million. The company’s book value per share rose to $16.71 from $14.01.