$SGA
SAGA COMMUNICATIONS INC

2024 Q2 Form 10-Q Financial Statement

#000155837024007781 Filed on May 10, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q4
Revenue $28.74M $24.66M $29.15M
YoY Change -1.48% -2.53% -3.25%
Cost Of Revenue $23.54M $22.98M $23.33M
YoY Change 5.07% 5.89% 1.93%
Gross Profit $5.198M $1.683M $5.816M
YoY Change -23.2% -53.26% -19.64%
Gross Profit Margin 18.09% 6.82% 19.96%
Selling, General & Admin $3.049M $3.129M $3.026M
YoY Change 23.34% 19.61% 29.87%
% of Gross Profit 58.66% 185.92% 52.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.258M $1.198M $1.318M
YoY Change -49.17% -3.15%
% of Gross Profit 24.2% 71.18% 22.66%
Operating Expenses $3.049M $4.100M $3.021M
YoY Change 23.34% 52.08% 30.61%
Operating Profit $2.143M -$2.417M $2.795M
YoY Change -50.12% -367.07% -43.24%
Interest Expense $71.00K $43.00K $43.00K
YoY Change 65.12% 0.0% 26.47%
% of Operating Profit 3.31% 1.54%
Other Income/Expense, Net $1.133M $0.00 $0.00
YoY Change -100.0% -100.0%
Pretax Income $3.456M -$2.157M $3.166M
YoY Change -24.87% -269.84% -44.74%
Income Tax $955.0K -$580.0K $665.0K
% Of Pretax Income 27.63% 21.0%
Net Earnings $2.501M -$1.577M $2.457M
YoY Change -25.34% -271.41% -41.16%
Net Earnings / Revenue 8.7% -6.39% 8.43%
Basic Earnings Per Share $0.40 -$0.25 $0.40
Diluted Earnings Per Share $0.40 -$0.25 $0.40
COMMON SHARES
Basic Shares Outstanding 6.263M 6.263M 6.124M
Diluted Shares Outstanding 6.072M 6.063M 6.030M

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.10M $28.78M $40.18M
YoY Change -30.02% -23.19% -14.38%
Cash & Equivalents $15.39M $20.18M $29.58M
Short-Term Investments $8.708M $8.598M $10.60M
Other Short-Term Assets $5.217M $4.158M $3.294M
YoY Change 4.63% 2.79% -5.72%
Inventory
Prepaid Expenses
Receivables $16.73M $14.64M $17.17M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $46.05M $47.57M $60.64M
YoY Change -17.49% -14.73% -10.63%
LONG-TERM ASSETS
Property, Plant & Equipment $53.25M $51.23M $51.41M
YoY Change -0.23% -3.91% -3.37%
Goodwill $20.28M $19.15M $19.24M
YoY Change 5.43% -0.43% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.48M $10.72M $10.69M
YoY Change 5.0% 7.67% 5.27%
Total Long-Term Assets $175.6M $170.5M $171.6M
YoY Change 1.03% -1.32% -0.77%
TOTAL ASSETS
Total Short-Term Assets $46.05M $47.57M $60.64M
Total Long-Term Assets $175.6M $170.5M $171.6M
Total Assets $221.6M $218.0M $232.2M
YoY Change -3.47% -4.59% -3.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.164M $3.356M $2.802M
YoY Change 60.9% 16.2% 5.58%
Accrued Expenses $7.106M $6.862M $6.480M
YoY Change 9.75% -1.04% 1.9%
Deferred Revenue $1.075M $1.106M $924.0K
YoY Change -13.17% 1.47% -6.38%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $17.13M $20.36M $28.03M
YoY Change 14.56% 16.61% -4.59%
LONG-TERM LIABILITIES
Long-Term Debt $5.000M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $7.468M $7.260M $7.513M
YoY Change -6.66% 5.89% 5.67%
Total Long-Term Liabilities $12.47M $7.260M $7.513M
YoY Change 55.83% 5.89% 5.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.13M $20.36M $28.03M
Total Long-Term Liabilities $12.47M $7.260M $7.513M
Total Liabilities $55.79M $53.67M $61.66M
YoY Change 13.62% 7.09% -0.9%
SHAREHOLDERS EQUITY
Retained Earnings $128.8M $127.9M $134.8M
YoY Change -11.23% -10.76% -6.34%
Common Stock $80.00K $80.00K $80.00K
YoY Change 2.56% 2.56% 2.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $165.8M $164.4M $170.5M
YoY Change
Total Liabilities & Shareholders Equity $221.6M $218.0M $232.2M
YoY Change -3.47% -4.59% -3.55%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income $2.501M -$1.577M $2.457M
YoY Change -25.34% -271.41% -41.16%
Depreciation, Depletion And Amortization $1.258M $1.198M $1.318M
YoY Change -49.17% -3.15%
Cash From Operating Activities $1.244M $3.803M $1.458M
YoY Change 3.41% -21.34% -47.23%
INVESTING ACTIVITIES
Capital Expenditures $1.524M $1.050M $959.0K
YoY Change 19.53% -22.91% -24.07%
Acquisitions
YoY Change
Other Investing Activities -$4.182M $246.0K $1.125M
YoY Change 104450.0% -310.26% 13.07%
Cash From Investing Activities -$5.706M $860.0K $166.0K
YoY Change 346.13% -236.72% -161.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -323.0K -14.07M -3.286M
YoY Change -89.45% 2.28% -76.39%
NET CHANGE
Cash From Operating Activities 1.244M 3.803M 1.458M
Cash From Investing Activities -5.706M 860.0K 166.0K
Cash From Financing Activities -323.0K -14.07M -3.286M
Net Change In Cash -4.785M -9.405M -1.662M
YoY Change 52.49% -1.5% -85.45%
FREE CASH FLOW
Cash From Operating Activities $1.244M $3.803M $1.458M
Capital Expenditures $1.524M $1.050M $959.0K
Free Cash Flow -$280.0K $2.753M $499.0K
YoY Change 288.89% -20.73% -66.73%

Facts In Submission

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CY2024Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2023Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2024Q1 us-gaap Operating Lease Payments
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CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
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CY2024Q1 us-gaap Operating Lease Liability
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CY2023Q1 us-gaap Income Tax Expense Benefit
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CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2024Q1 us-gaap Allocated Share Based Compensation Expense
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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0
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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0
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2024Q1 us-gaap Long Term Debt
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CY2023Q4 us-gaap Long Term Debt
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CY2024Q1 sga Credit Facility Participation Fee And Fronting Fee Percentage
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CY2023 us-gaap Dividends
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CY2024Q1 ecd Rule10b51 Arr Adopted Flag
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