SGA Q2 2023 Earnings — Saga Communications, Inc. Revenue & Financial Results | Market Cap Arena

SGASaga Communications, Inc.

$74M

Q2 2023 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$29M-2.2% YoY

Gross Profit

$7M23.2% margin

Operating Income

$4M14.7% margin

Net Income

$3M11.5% margin

EPS (Diluted)

$0.55

QoQ Revenue Growth

+15.3%

Cash Flow

Operating Cash Flow

$1M

Free Cash Flow

-$72,000

Stock-Based Comp.

$248,000

Balance Sheet

Total Assets

$230M

Total Liabilities

$49M

Stockholders' Equity

$180M

Cash & Equivalents

$24M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$29M	$30M	-2.2%
Gross Profit	$7M	$8M	-15.8%
Operating Income	$4M	$5M	-20.2%
Net Income	$3M	$4M	-12.4%

Revenue Segments

Broadcast Advertising Revenue, Net

$24M84%

Digital Advertising Revenue

$2M8%

Other Revenue

$2M8%