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Last $6.05 USD
Change Today -0.20 / -3.20%
Volume 22.1K
SBSA On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 4:30 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

spanish broadcasting sys-a (SBSA) Key Developments

Spanish Broadcasting System Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Fiscal Year-Ended December 31, 2014

Spanish Broadcasting System reported unaudited consolidated earnings results for the fourth quarter and fiscal year-ended December 31, 2014. For the quarter-ended December 31, 2014, consolidated net revenues totaled $36.3 million compared to $37.5 million for the same prior year period, resulting in a decrease of $1.2 million or 3%. Consolidated OIBDA, a non-GAAP measure, totaled $12.1 million compared to $10.7 million for the same prior year period, representing an increase of $1.4 million or 13%. Operating income totaled $10.8 million compared to $9.4 million for the same prior year period, representing an increase of $1.4 million or 15%. This increase in operating income was primarily due to the decrease in operating expenses, which was partially offset by a decrease in net revenues. Loss before income taxes was $1.5 million against $90.1 million a year ago. Net loss was $6 million or $0.82 per basic and diluted share against $90.1 million or $0.82 per basic and diluted share a year ago. For the year ended December 31, 2014, consolidated net revenues totaled $146.3 million compared to $153.8 million for the same prior year period, resulting in a decrease of $7.5 million or 5%. Consolidated OIBDA, a non-GAAP measure, totaled $39.1 million compared to $44.4 million for the same prior year period, representing a decrease of $5.3 million or 12%. Operating income totaled $35.3 million compared to $38.3 million for the same prior year period, representing a decrease of $3.0 million or 8%. This decrease in operating income was primarily due to the decrease in net revenues, which was partially offset by a decrease in operating expenses. Loss before income taxes was $14.1 million against $91 million a year ago. Net loss was $20 million or $2.75 per basic and diluted share against $89 million or $1.22 per basic and diluted share a year ago. Capital expenditures were $2.2 million against $2.3 million a year ago.

Spanish Broadcasting System Inc. to Report Q4, 2014 Results on Mar 31, 2015

Spanish Broadcasting System Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Mar 31, 2015

Spanish Broadcasting System Inc., Q4 2014 Earnings Call, Apr 01, 2015

Spanish Broadcasting System Inc., Q4 2014 Earnings Call, Apr 01, 2015

Spanish Broadcasting System, Inc. Regains Compliance With NASDAQ Minimum Market Value Rule

Spanish Broadcasting System, Inc. announced that on March 17, 2015 it was informed by The NASDAQ Stock Market that it is in compliance with the minimum market value of publicly held shares requirement for continued listing on The NASDAQ Global Market.

Spanish Broadcasting System, Inc. Receives Non-Compliance Notice From NASDAQ

On December 19, 2014, Spanish Broadcasting System, Inc. received a written notice from The Nasdaq Stock Market (NASDAQ), advising that the market value of Class A common stock for the previous 30 consecutive business days had been below the minimum $15,000,000 (Market Value of Publicly Held Shares Requirement) required for continued listing on the NASDAQ Global Market pursuant to NASDAQ Listing Rule 5450(b)(3)(C). Pursuant to NASDAQ Listing Rule 5810(c)(3)(D), the company has been provided an initial grace period of 180 calendar days, or until June 17, 2015, to regain compliance with the Rule. The Notice further provides that NASDAQ will provide written confirmation stating that the company has achieved compliance with the Rule if at any time before June 17, 2015, the market value of the company’s publicly held shares closes at $15,000,000 or more for a minimum of 10 consecutive business days. If the company does not regain compliance with the Rule by June 17, 2015, NASDAQ will provide written notification to the company that the company’s common stock is subject to delisting from the Nasdaq Global Market, at which time the company will have an opportunity to appeal the determination to a NASDAQ Hearings Panel. The company intends to use all reasonable efforts to maintain the listing of its common stock on the NASDAQ Global Market, but there can be no guarantee that the company will regain compliance with the Market Value of Publicly Held Shares Requirement.

 

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SBSA Competitors

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Company Last Change
Beasley Broadcast Group Inc $5.04 USD +0.19
Emmis Communications Corp $1.26 USD -0.04
Saga Communications Inc $40.93 USD +0.30
Salem Media Group Inc $4.63 USD -0.22
Townsquare Media Inc $13.01 USD -0.43
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Industry Analysis

SBSA

Industry Average

Valuation SBSA Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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