Quarterly ResultMay 8, 2026, 04:15 PM
Saga Communications Q1 Net Loss $(2.39)M; Revenue $22.87M
AI Summary
Saga Communications reported a net loss of $(2.39) million for the first quarter of 2026, a significant increase from the $(1.58) million loss in the prior year. Net operating revenue decreased by 5.55% to $22.87 million. The company maintained its quarterly dividend of $0.25 per share and has $15.1 million remaining authorization for its stock buy-back program.
Key Highlights
- Net loss for Q1 2026 was $(2.39) million, compared to $(1.58) million in Q1 2025.
- Net operating revenue decreased 5.55% to $22.87 million in Q1 2026 from $24.21 million in Q1 2025.
- Basic and diluted loss per share was $(0.38) for Q1 2026, up from $(0.25) in Q1 2025.
- Net cash provided by operating activities decreased 70.16% to $0.41 million in Q1 2026.
- Cash and cash equivalents stood at $21.05 million as of March 31, 2026.
- Dividends declared per share remained constant at $0.25 for both Q1 2026 and Q1 2025.
- The company has $15.1 million remaining authorization for its stock buy-back program.
- Assets held for sale were $0.87 million as of March 31, 2026.
Price Impact
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