Saga Communications Q2 Revenue Falls 6.5% as Expenses Rise
SGA sits 25% above its 52-week low of $8.237.
Summary
Saga Communications reported Q2 revenue of $26.4 million, down 6.5% year-over-year, while diluted EPS fell to $0.15 from $0.18. Station operating expenses rose 5.4%, partly due to non-cash rent expense from a tower sale-leaseback. The company posted net income of $960,000 and operating income of $623,000. This follows a Q1 net loss and a debt covenant breach disclosed in the May 10-Q, indicating continued financial pressure. Management guided to $3.0–$3.5 million in 2026 capex and expects about $154,000 per quarter in non-cash rent expense. The results beat the single-analyst revenue estimate of $25.5 million, but the year-over-year decline and rising costs are the dominant story for a micro-cap broadcaster.
At the time of this announcement, SGA was trading at $10.30 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $64.6M. The 52-week trading range was $8.24 to $13.51. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.