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. (Nasdaq: SGA) is a Florida-incorporated media company that operates broadcast properties and related media initiatives across 28 markets. The SGA news feed on this page brings together the company’s press releases and other coverage so readers can follow developments in its radio, digital, e‑commerce, local on-line news, and non-traditional revenue initiatives.
News about Saga frequently covers its financial results, including quarterly earnings releases detailing net operating revenue, station operating expense, operating income or loss, net income or loss, capital expenditures, and selected balance sheet data. These releases often include both GAAP figures and non-GAAP measures such as station operating income, same station financial information, pro forma financial information, trailing twelve-month consolidated EBITDA, and leverage ratio, along with reconciliations.
Investors can also find updates on capital allocation decisions, such as declarations of quarterly cash dividends on the company’s Class A Common Stock and announcements of stock repurchase transactions or potential stock buyback plans funded in part by asset sales. Additional news items highlight asset portfolio actions, including the sale of telecommunications tower sites combined with long-term antenna site leases that allow Saga to continue using the towers while adjusting its asset base.
Other Saga news includes information about investor conference presentations, board composition changes, and governance updates, such as amendments to the company’s bylaws. For readers tracking SGA, this page offers a centralized view of company-issued announcements and related coverage, making it easier to monitor how Saga’s broadcast operations, digital initiatives, financial performance, and corporate actions evolve over time.
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.
Saga Communications (Nasdaq: SGA) will release its 2nd Quarter 2020 results on August 5, 2020, at 9:00 a.m. EDT. A conference call will follow at 11:00 a.m. EDT to discuss the earnings release.
Participants can dial (973) 528-0008 with the entry code 521008. Questions for the call must be submitted via email by 10:00 a.m. EDT on the same day. The earnings release will include non-GAAP measures such as station operating income and free cash flow.
Saga Communications (Nasdaq - SGA) has announced the temporary suspension of its quarterly cash dividend due to economic uncertainties stemming from COVID-19. To safeguard its cash position, the company will also cut planned capital expenditures and negotiate vendor discounts. Saga believes that preserving cash may allow it to capitalize on favorable acquisition opportunities when market conditions improve. The company will evaluate the possibility of resuming dividends as economic conditions permit.