May. 9 at 1:17 PM
Noble Capital Markets Research Report: Saga Communications (
$SGA) – Unique Digital Strategy Gains Traction
Q1 Results. The company reported Q1 revenue of
$24.2 million and an adj. EBITDA loss of
$0.5 million, both of which declined over the prior year period, but were modestly better than our estimates of
$23.0 million and a loss of
$1.1 million, respectively, as illustrated in Figure #1 Q1 Results. Notably, the company is focused on its blended digital growth strategy and improving profitability. We believe the company’s strategic actions are a step in the right direction for returning toward revenue and adj. EBITDA growth.
Read more: https://www.channelchek.com/news-channel/saga-communications-sga-unique-digital-strategy-gains-traction
