Welcome to our dedicated page for Saga Coms news (Ticker: SGA), a resource for investors and traders seeking the latest updates and insights on Saga Coms stock.
Saga Communications Inc. (SGA) provides investors and media professionals with comprehensive updates on its broadcast operations across radio, television, and digital platforms. This centralized resource aggregates official press releases, regulatory filings, and strategic developments from the company serving mid-sized markets.
Key updates include quarterly earnings reports, station acquisitions, leadership changes, and programming innovations. Users can track SGA's unique combination of traditional broadcasting expertise with emerging digital initiatives through verified news sources.
The curated collection features critical business developments including advertising revenue trends, market expansions, and technological adaptations in the evolving media landscape. Content is organized chronologically for efficient tracking of the company's progress in local markets and corporate strategy execution.
Bookmark this page for direct access to SGA's official financial disclosures, partnership announcements, and operational updates. Check regularly for new information about the company's radio/TV station portfolio management and digital media integration efforts.
Saga Communications reported a net revenue of $28.0 million for Q2 2021, up from $16.9 million YoY. Station operating income hit $8.4 million, a turnaround from a $181 thousand loss last year. Free cash flow improved to $4.2 million from a negative $1.8 million. Net income for the quarter was $3.3 million, with diluted EPS at $0.54. For H1 2021, net revenue was $50.3 million, a rise from $42.9 million. The company reinstated a dividend of $0.16 per share, totaling $960 thousand. Cash on hand was $59.4 million with minimal bank debt.
Saga Communications, Inc. (Nasdaq: SGA) will announce its 2nd Quarter 2021 results on August 5, 2021, at 9:00 a.m. EDT. A conference call will follow at 11:00 a.m. EDT, with dial-in options available for both domestic and international participants. Questions can be submitted via email until 10:00 a.m. EDT on the same day. The earnings release will include non-GAAP financial measures such as station operating income and free cash flow, along with reconciliations to GAAP measures. Saga operates in 27 markets with 79 FM and 35 AM radio stations.
Saga Communications, Inc. (Nasdaq - SGA) has declared a quarterly cash dividend of $0.16 per share, set for payment on July 16, 2021, to shareholders of record on June 30, 2021. This amounts to an aggregate payment of approximately $960 thousand. Since 2012, the company has distributed over $72 million in dividends. Saga plans to continue regular quarterly dividends and may consider special dividends or stock buybacks in the future, reflecting its commitment to returning value to shareholders.
On May 6, 2021, Saga Communications (SGA) reported Q1 2021 revenue of $22.3 million, down from $26.1 million in Q1 2020. Net income stood at $758,000 with diluted earnings per share at $0.13. Station operating income dropped to $4.7 million from $5.5 million year-over-year, impacted by the previous year's land sale. Operating income was significantly affected as Q1 2020 included a $1.3 million gain from that sale. However, free cash flow increased by 21.4% to $1.8 million, and cash reserves remained strong at $56.3 million, with bank debt stable at $10 million.
Saga Communications, Inc. (Nasdaq: SGA) will announce its 1st Quarter 2021 results on May 6, 2021, at 9:00 a.m. EDT, followed by a conference call at 11:00 a.m. EDT. Interested parties can dial (973) 528-0008 with entry code 969222. Questions for the company must be emailed by 10:00 a.m. EDT on the same day to SagaIR@sagacom.com. The earnings release will include non-GAAP financial measures, with a reconciliation provided in the release.
Saga Communications (Nasdaq: SGA) reported fourth quarter 2020 net revenue of $28.8 million, a 19.1% increase from Q3 2020 but down from $31.8 million in Q4 2019. Net income was $2.3 million with diluted EPS at $0.38. For the year, net revenue totaled $95.8 million, with a net loss of $1.9 million due to a $5.2 million non-cash impairment charge. Operating income fell to $20.4 million from $37.0 million in 2019. The company maintained a strong cash position with $51.4 million available as of year-end.
Saga Communications (Nasdaq: SGA) will release its 4th Quarter and Year End 2020 results on March 12, 2021, at 9:00 a.m. EST. A conference call will follow at 11:00 a.m. EST, with dial-in access provided for both domestic and international participants.
Inquiries for the call should be emailed by 10:00 a.m. EST on the same day. Saga will report certain non-GAAP financial measures such as station operating income and free cash flow, with reconciliations included in the earnings release.
Saga Communications (SGA) reported significant financial fluctuations due to COVID-19, with a 43.1% increase in net revenue to $24.1 million for Q3 2020. Operating income was $247,000, while net loss reached $950,000, reflecting a diluted loss per share of -$0.16. The company incurred a non-cash impairment charge of $1.4 million. Year-to-date results show a net revenue of $67.1 million with a net loss of $4.2 million. Capital expenditures dropped significantly, totaling $501,000 in Q3 down from $1.5 million a year prior. Cash on hand is $48.3 million.
Saga Communications, Inc. (Nasdaq: SGA) will release its 3rd Quarter 2020 results on November 4, 2020, at 9:00 a.m. EST. A conference call will follow at 11:00 a.m. EST, with dial-in information provided. Participants can submit questions to the company by 10:00 a.m. EST on the same day. The earnings release will include non-GAAP financial measures such as station operating income and free cash flow, with reconciliations to GAAP measures included in the release. Saga operates in 27 markets with a portfolio of 79 FM and 34 AM radio stations.
On August 5, 2020, Saga Communications (Nasdaq: SGA) reported significant impacts from COVID-19 on its second quarter revenue, indicating a decline of over 55% in April. However, subsequent months showed improvement, with July revenue down 29%. The company ended Q2 with a net revenue of $16.9 million and an operating loss of $8.7 million, driven by a non-cash impairment charge of $3.8 million. They maintain a conservative leverage ratio of 0.65 and have $48.9 million in cash. Capital expenditures are projected to decrease to $2.0-$2.5 million for the year.
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