Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Independent Director Jeff Goldberg was the last director to join the board, commencing their role in 2026. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 14
Beasley Broadcast Group, Inc. has filed a Follow-on Equity Offering in the amount of $5.23581 million. Beasley Broadcast Group, Inc. has filed a Follow-on Equity Offering in the amount of $5.23581 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Announcement • Jun 01
Beasley Broadcast Group, Inc., Annual General Meeting, Jul 22, 2026 Beasley Broadcast Group, Inc., Annual General Meeting, Jul 22, 2026. Location: 3033 riviera drive, suite 200, naples, florida 34103, florida United States Announcement • May 08
Beasley Broadcast Group, Inc. to Report Q1, 2026 Results on May 13, 2026 Beasley Broadcast Group, Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 13, 2026 Announcement • Apr 15
Beasley Broadcast Group, Inc. Receives Notice of Non-Compliance with Nasdaq Listing Requirements On April 13, 2026, Beasley Broadcast Group, Inc. (the Company) received written notice (the Notice) from The Nasdaq Stock Market LLC (Nasdaq) advising the Company that it is not in compliance with the minimum stockholders' equity requirement for continued listing on The Nasdaq Capital Market. Nasdaq Listing Rule 5550(b)(1) requires companies listed on The Nasdaq Capital Market to maintain a minimum of $2,500,000 in stockholders' equity for continued listing. In the Company's Annual Report on Form 10-K for the year ended December 31, 2025, the Company reported a stockholders' deficit of $49,330,431, which is below the stockholders' equity requirement for continued listing. Additionally, as of the date of this report, the Company does not meet either of the alternative continued listing standards under the Nasdaq Listing Rules. The Notice does not have an immediate effect on the listing status of the Company's common stock, which continues to trade on The Nasdaq Capital Market under the symbol BBGI, subject to the Company's continued compliance with all other applicable listing requirements. Pursuant to the Notice, the Company is afforded 45 calendar days from the date of such notice, or until May 28, 2026, unless otherwise directed by Nasdaq staff, to submit a plan to Nasdaq outlining how the Company intends to regain compliance with Nasdaq's continued listing standards. The Company currently intends to submit the required compliance plan within the prescribed timeframe. If the Company's compliance plan is accepted by Nasdaq, then Nasdaq may, in its discretion, grant the Company up to 180 calendar days from the date of the Notice, or until October 10, 2026, to evidence compliance. The Company is currently evaluating various courses of action to regain compliance and is working to quantify the expected accounting impacts of the Transactions (as defined and previously reported in the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on March 20, 2026) to determine whether the expected positive impacts from the Transactions, if successfully completed, would result in the Company having stockholders' equity that meets the requirements of Nasdaq Listing Rule 5550(b)(1). The Company plans to timely submit its compliance plan to Nasdaq. There can be no assurance that Nasdaq will accept the Company's plan or that, if accepted, the Company will be able to regain compliance within the period provided. Announcement • Apr 04
Beasley Broadcast Group, Inc. to Report Fiscal Year 2025 Results on Apr 08, 2026 Beasley Broadcast Group, Inc. announced that they will report fiscal year 2025 results at 9:30 AM, US Eastern Standard Time on Apr 08, 2026 Announcement • Apr 02
Beasley Broadcast Group, Inc. announced delayed annual 10-K filing On 04/01/2026, Beasley Broadcast Group, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Nov 04
Beasley Broadcast Group, Inc. to Report Q3, 2025 Results on Nov 10, 2025 Beasley Broadcast Group, Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 10, 2025 Announcement • Aug 05
Beasley Broadcast Group, Inc. to Report Q2, 2025 Results on Aug 12, 2025 Beasley Broadcast Group, Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 12, 2025 Announcement • Mar 14
Beasley Broadcast Group, Inc. to Report Q4, 2024 Results on Mar 20, 2025 Beasley Broadcast Group, Inc. announced that they will report Q4, 2024 results Pre-Market on Mar 20, 2025 Announcement • Nov 05
Beasley Broadcast Group, Inc. Reports Unaudited Consolidated Impairment Losses for the Third Quarter Ended September 30, 2024 Beasley Broadcast Group, Inc. reported unaudited consolidated impairment losses for the third quarter ended September 30, 2024. for the quarter, the company reported Goodwill impairment losses of $922,000 against $10,582,360 a year ago. Announcement • Nov 02
Beasley Broadcast Group, Inc. to Report Q3, 2024 Results on Nov 05, 2024 Beasley Broadcast Group, Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 05, 2024 Announcement • Oct 25
Beasley Broadcast Group, Inc. Announces Chief Financial Officer Changes, Effective November 1, 2024 Beasley Broadcast Group, Inc. announced the appointment of Lauren Burrows Coleman as Chief Financial Officer, effective November 1, 2024. Longtime CFO Marie Tedesco will retire from Beasley after 33 years of dedicated service to the company. Before joining Beasley, Ms. Burrows Coleman served as Global Head of Strategic Corporate and Commercial Finance at Wayfair, where she led a global team of 50 across Financial Planning &Analysis, Commercial Finance, Capital Markets, Corporate Development, and Global Tax functions. Ms. Burrows Colemans impressive career also includes leadership positions at WindSail Capital Group and Wind Point Partners as well as GE Capital, where she managed equity and debt investments across various industries. She began her career as an investment banker in the Communications &Media group at Lehman Brothers. Ms. Burrows Coleman holds an MBA from Harvard Business School and an A.B. cum laude from Dartmouth College. She will succeed Marie Tedesco, who is retiring on November 1, 2024 after more than three decades with the organization. Announcement • Sep 19
Beasley Broadcast Group Approves 1-for-20 Reverse Stock Split of Class A and Class B Common Stock to Regain Compliance with Nasdaq Minimum Bid Price Requirement, Effective September 23, 2024 Beasley Broadcast Group, Inc. (the ‘Company’) announced that its Board of Directors (the ‘Board’) has approved a reverse stock split of its Class A Common Stock and Class B Common Stock (collectively, the ‘Common Stock’) at a ratio of 1-for-20. Stockholders previously approved the reverse stock split on August 26, 2024 and provided the Board with discretion to determine the final reverse stock split ratio. The reverse stock split is being conducted to regain compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market (‘Nasdaq’). The reverse stock split is expected to become effective on September 23, 2024 (the ‘Effective Date’). Shares of the Company’s Class A Common Stock are expected to begin trading on a split-adjusted basis on Nasdaq on September 24, 2024. Shares of the Class A Common Stock will continue to trade under the symbol ‘BBGI’ and the new CUSIP number will be 074014 200. Announcement • Aug 06
Beasley Broadcast Group, Inc. to Report Q2, 2024 Results on Aug 12, 2024 Beasley Broadcast Group, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 12, 2024 Announcement • May 03
Beasley Broadcast Group, Inc. to Report Q1, 2024 Results on May 08, 2024 Beasley Broadcast Group, Inc. announced that they will report Q1, 2024 results Pre-Market on May 08, 2024 Announcement • Apr 21
Beasley Broadcast Group Receives Approval from Nasdaq to Transfer the Listing of its Class A Common Stock from the Nasdaq Global Market to the Nasdaq Capital Market On April 16, 2024, Beasley Broadcast Group, Inc. (the ‘Company’) received approval from The Nasdaq Stock Market LLC (‘Nasdaq’) to transfer the listing of the Company’s Class A common stock, par value $0.001 per share (the ‘Common Stock’) from the Nasdaq Global Market to the Nasdaq Capital Market (the ‘Approval’). The Common Stock was transferred to the Nasdaq Capital Market at the opening of business on April 18, 2024, and continues to trade under the symbol ‘BBGI.’ The Nasdaq Capital Market operates in substantially the same manner as the Nasdaq Global Market, and listed companies must meet certain financial requirements and comply with Nasdaq’s corporate governance requirements. As previously disclosed, on October 13, 2023, the Company received a written notice (the ‘Notice’) from Nasdaq’s Listing Qualifications Department notifying the Company that, for the last 30 consecutive business days, the bid price for the Common Stock had closed below the $1.00 per share minimum bid price requirement for continued inclusion on the Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the ‘Minimum Bid Price Requirement’). In accordance with Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days (the ‘Initial Compliance Period’) to regain compliance with the Minimum Bid Price Requirement. Prior to the expiration of the Initial Compliance Period, the Company filed an application to transfer the listing of the Common Stock from the Nasdaq Global Market to the Nasdaq Capital Market. As a result of the Approval, the Company has been granted an additional 180-day compliance period, or until October 7, 2024, to regain compliance with the Minimum Bid Price Requirement. To regain compliance with the Minimum Bid Price Requirement and qualify for continued listing on the Nasdaq Capital Market, the minimum bid price per share of the Company’s Common Stock must be at least $1.00 for at least ten consecutive business days during the additional 180-day compliance period. If the Company fails to regain compliance during the additional compliance period, then Nasdaq will notify the Company of its determination to delist the Common Stock, at which point the Company would have an opportunity to appeal the delisting determination to a Nasdaq hearings panel. In connection with obtaining the Approval, the Company notified Nasdaq in writing of its intention to cure its deficiency in satisfying the Minimum Bid Price Requirement by effecting a reverse stock split, if necessary. The Company intends to actively monitor the closing bid price of its Common Stock and will consider all reasonable available options to regain compliance with the Minimum Bid Price Requirement, which may include seeking stockholder approval to effect a reverse stock split. There can be no assurance that the Company will regain compliance with the Minimum Bid Price Requirement before October 7, 2024, maintain compliance with the other Nasdaq listing requirements or be successful in appealing any delisting determination. Announcement • Apr 17
Beasley Broadcast Group, Inc., Annual General Meeting, May 29, 2024 Beasley Broadcast Group, Inc., Annual General Meeting, May 29, 2024, at 12:00 US Eastern Standard Time. Location: the corporate offices of Beasley Broadcast Group, Inc., 3033 Riviera Drive, Suite 200 Naples Florida United States Agenda: To consider and approve election of Director; to consider and approve ratification of Crowe LLP as independent accounting firm; and to consider and approve any other matters. New Risk • Feb 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.4x net interest cover). Minor Risks Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Market cap is less than US$100m (US$25.8m market cap). Reported Earnings • Feb 14
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: US$2.51 loss per share (further deteriorated from US$1.43 loss in FY 2022). Revenue: US$247.1m (down 3.6% from FY 2022). Net loss: US$75.1m (loss widened 79% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.1%. Revenue is forecast to stay flat during the next 2 years compared to a 3.3% growth forecast for the Media industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Announcement • Feb 13
Beasley Broadcast Group, Inc. Provides Earnings Guidance for the Year 2024 Beasley Broadcast Group, Inc. provided earnings guidance for the year 2024. For the year, the company expects digital revenue to account for between 20% and 25% of total revenue in 2024. Announcement • Jan 25
Beasley Broadcast Group, Inc. to Report Q4, 2023 Results on Feb 12, 2024 Beasley Broadcast Group, Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 12, 2024 Buying Opportunity • Dec 20
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be US$1.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has declined by 73%. Revenue is forecast to grow by 1.3% in 2 years. Earnings is forecast to grow by 97% in the next 2 years. Reported Earnings • Nov 03
Third quarter 2023 earnings: EPS misses analyst expectations Third quarter 2023 results: US$2.25 loss per share (down from US$0.017 profit in 3Q 2022). Revenue: US$60.1m (down 5.8% from 3Q 2022). Net loss: US$67.5m (down US$68.0m from profit in 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Media industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. New Risk • Nov 02
New major risk - Revenue and earnings growth Earnings have declined by 73% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.7x net interest cover). Earnings have declined by 73% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$22.2m market cap). Price Target Changed • Nov 01
Price target decreased by 12% to US$1.88 Down from US$2.13, the current price target is an average from 2 analysts. New target price is 153% above last closing price of US$0.74. Stock is down 25% over the past year. The company is forecast to post a net loss per share of US$0.12 next year compared to a net loss per share of US$1.43 last year. Announcement • Oct 25
Beasley Broadcast Group, Inc. to Report Q3, 2023 Results on Nov 01, 2023 Beasley Broadcast Group, Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 01, 2023 Announcement • Oct 15
Beasley Broadcast Group Receives Non-Compliance Notice From Nasdaq On October 13, 2023, Beasley Broadcast Group, Inc. (the “Company”) received written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the bid price for the Company’s Class A common stock, par value $0.001 per share (the “Common Stock”) had closed below the $1.00 per share minimum bid price requirement for continued inclusion on the Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”). The Notice has no immediate effect on the listing of the Common Stock, which continues to trade on the Nasdaq Global Market. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days, or until April 10, 2024, to regain compliance with the Minimum Bid Price Requirement. To regain compliance, the closing bid price of the Company’s Common Stock must be at least $1.00 per share for a minimum of ten consecutive business days as required under Nasdaq Listing Rule 5810(c)(3)(A) (unless the Nasdaq staff exercises its discretion to extend this ten-day period pursuant to Nasdaq Listing Rule 5810(c)(3)(H)) during the 180-day period prior to April 10, 2024. If the Company does not regain compliance by April 10, 2024, the Company may be eligible for an additional 180-calendar day compliance period by transferring the listing of its Common Stock to the Nasdaq Capital Market and satisfying certain requirements. If the Company fails to regain compliance during the compliance period (including a second compliance period provided by a transfer to the Nasdaq Capital Market, if applicable), then Nasdaq will notify the Company of its determination to delist its Common Stock, at which point the Company may appeal Nasdaq’s delisting determination to a Nasdaq hearing panel. The Company intends to actively monitor the closing bid price of its Common Stock and will consider all reasonable available options to regain compliance with the Minimum Bid Price Requirement, which may include transferring the listing to the Nasdaq Capital Market and/or seeking stockholder approval to effect a reverse stock split. There can be no assurance that the Company will regain compliance with the Minimum Bid Price Requirement during the 180-day compliance period, secure a second 180-day period to regain compliance, maintain compliance with the other Nasdaq listing requirements or be successful in appealing any delisting determination. Reported Earnings • Aug 04
Second quarter 2023 earnings: EPS misses analyst expectations Second quarter 2023 results: US$0.35 loss per share (improved from US$0.49 loss in 2Q 2022). Revenue: US$63.5m (down 2.1% from 2Q 2022). Net loss: US$10.4m (loss narrowed 28% from 2Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Media industry in the US. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Jul 22
Beasley Broadcast Group, Inc. to Report Q2, 2023 Results on Aug 03, 2023 Beasley Broadcast Group, Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 03, 2023 Reported Earnings • Mar 31
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: US$1.43 loss per share (further deteriorated from US$0.048 loss in FY 2021). Revenue: US$256.4m (up 6.2% from FY 2021). Net loss: US$42.1m (loss widened US$40.7m from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Media industry in the US. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 18
Full year 2022 earnings released: US$1.47 loss per share (vs US$0.048 loss in FY 2021) Full year 2022 results: US$1.47 loss per share (further deteriorated from US$0.048 loss in FY 2021). Revenue: US$256.4m (up 6.2% from FY 2021). Net loss: US$43.4m (loss widened US$42.0m from FY 2021). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Media industry in the US. Over the last 3 years on average, earnings per share has fallen by 35% per year whereas the company’s share price has fallen by 32% per year. Announcement • Feb 02
Beasley Broadcast Group, Inc. to Report Q4, 2022 Results on Feb 16, 2023 Beasley Broadcast Group, Inc. announced that they will report Q4, 2022 results Pre-Market on Feb 16, 2023 Major Estimate Revision • Nov 19
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -US$0.56 to -US$0.35 per share. Revenue forecast steady at US$256.1m. Media industry in the US expected to see average net income decline 2.9% next year. Consensus price target of US$2.25 unchanged from last update. Share price was steady at US$1.04 over the past week. Price Target Changed • Nov 16
Price target decreased to US$2.25 Down from US$2.75, the current price target is an average from 2 analysts. New target price is 110% above last closing price of US$1.07. Stock is down 53% over the past year. The company is forecast to post a net loss per share of US$0.56 next year compared to a net loss per share of US$0.048 last year. Reported Earnings • Nov 08
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: US$0.017 (up from US$0.055 loss in 3Q 2021). Revenue: US$63.8m (up 1.5% from 3Q 2021). Net income: US$498.1k (up US$2.12m from 3Q 2021). Profit margin: 0.8% (up from net loss in 3Q 2021). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Media industry in the US. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Aug 08
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from US$267.0m to US$259.6m. Now expected to report a loss of US$0.38 per share instead of US$0.08 per share profit previously forecast. Media industry in the US expected to see average net income growth of 8.1% next year. Consensus price target down from US$3.00 to US$2.75. Share price rose 10% to US$1.40 over the past week. Reported Earnings • Aug 02
Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2022 results: US$0.49 loss per share (down from US$0.006 profit in 2Q 2021). Revenue: US$64.8m (up 8.8% from 2Q 2021). Net loss: US$14.5m (down US$14.6m from profit in 2Q 2021). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 1,271%. Over the next year, revenue is forecast to grow 4.0%, compared to a 2.7% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Reported Earnings • May 10
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: US$0.13 loss per share (up from US$0.36 loss in 1Q 2021). Revenue: US$55.7m (up 16% from 1Q 2021). Net loss: US$3.74m (loss narrowed 65% from 1Q 2021). Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 37%. Over the next year, revenue is forecast to grow 9.2%, compared to a 4.2% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 27
Price target decreased to US$3.25 Down from US$3.50, the current price target is an average from 2 analysts. New target price is 93% above last closing price of US$1.68. Stock is down 40% over the past year. The company is forecast to post a net loss per share of US$0.01 next year compared to a net loss per share of US$0.048 last year. Reported Earnings • Feb 09
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: US$0.048 loss per share (up from US$0.63 loss in FY 2020). Revenue: US$241.4m (up 17% from FY 2020). Net loss: US$1.41m (loss narrowed 92% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 84%. Over the next year, revenue is forecast to grow 11%, compared to a 6.5% growth forecast for the industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 03
Third quarter 2021 earnings released: US$0.055 loss per share (vs US$0.082 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$62.9m (up 27% from 3Q 2020). Net loss: US$1.62m (loss narrowed 32% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS US$0.006 (vs US$0.63 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$59.6m (up 96% from 2Q 2020). Net income: US$187.7k (up US$17.9m from 2Q 2020). Profit margin: 0.3% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Executive Departure • Jun 09
Founder & Chairman of the Board George Beasley has left the company On the 2nd of June, George Beasley was replaced as CEO by Barbara Beasley. George still personally held 12.02m shares (US$34m worth) as of March 2021. This is 41% of the company. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 4.58 years. Executive Departure • Jun 02
Independent Director has left the company On the 27th of May, Mark Fowler's tenure as Independent Director ended after 21.3 years in the role. As of March 2021, Mark personally held 77.81k shares (US$220k worth at the time). Mark is the only executive to leave the company over the last 12 months. Recent Insider Transactions • May 09
CEO & Director recently bought US$51k worth of stock On the 6th of May, Barbara Beasley bought around 21k shares on-market at roughly US$2.49 per share. This was the largest purchase by an insider in the last 3 months. This was Barbara's only on-market trade for the last 12 months. Reported Earnings • May 05
First quarter 2021 earnings released: US$0.36 loss per share (vs US$0.32 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: US$48.2m (down 16% from 1Q 2020). Net loss: US$10.6m (loss widened 20% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 12
Full year 2020 earnings released: US$0.63 loss per share (vs US$0.48 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$206.1m (down 21% from FY 2019). Net loss: US$17.8m (down 232% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Analyst Estimate Surprise Post Earnings • Feb 12
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 0.6%. Earnings per share (EPS) missed analyst estimates by 22%. Over the next year, revenue is forecast to grow 17%, compared to a 7.7% growth forecast for the Media industry in the US. Is New 90 Day High Low • Feb 05
New 90-day high: US$2.38 The company is up 75% from its price of US$1.36 on 06 November 2020. The American market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 16% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: US$1.77 The company is up 36% from its price of US$1.30 on 09 October 2020. The American market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 12% over the same period. Is New 90 Day High Low • Nov 24
New 90-day high: US$1.73 The company is up 12% from its price of US$1.55 on 25 August 2020. The American market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Media industry, which is also up 12% over the same period. Analyst Estimate Surprise Post Earnings • Nov 17
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) missed analyst estimates by 70%. Over the next year, revenue is forecast to grow 10%, compared to a 5.8% growth forecast for the Media industry in the US. Reported Earnings • Nov 17
Third quarter 2020 earnings released: US$0.082 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: US$49.6m (down 25% from 3Q 2019). Net loss: US$2.39m (down 178% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 99% per year but the company’s share price has only fallen by 48% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Nov 10
Analysts increase EPS estimates to -US$1.00 The 2020 consensus revenue estimate increased from US$188.0m to US$201.0m. Analysts raised their EPS forecasts from -US$1.32 to -US$1.00 in 2020. The Media industry in the US is expected to see an average net income growth of 16% next year. The consensus price target of US$3.00 was unchanged from the last update. Share price is down by 21% to US$1.35 over the past week. Reported Earnings • Nov 06
Third quarter 2020 earnings released: US$0.085 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: US$49.6m (down 25% from 3Q 2019). Net loss: US$2.39m (down 178% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 99% per year but the company’s share price has only fallen by 48% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 06
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) missed analyst estimates by 70%. Over the next year, revenue is forecast to grow 10%, compared to a 5.6% growth forecast for the Media industry in the US. Is New 90 Day High Low • Oct 31
New 90-day low: US$1.21 The company is down 32% from its price of US$1.77 on 31 July 2020. The American market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 1.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: US$1.29 The company is down 58% from its price of US$3.06 on 24 June 2020. The American market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 13% over the same period.