Company profile

Ticker
SBSAA
Exchange
CEO
Raúl Alarcón
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
133827791

SBSAA stock data

(
)

Calendar

14 Nov 19
28 Jan 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 36.26M 36.93M 37.36M 39.65M
Net income -345K -1.77M -3.93M 13.19M
Diluted EPS -0.05 -0.24 -0.54 1.8
Net profit margin -0.95% -4.79% -10.53% 33.28%
Operating income 7.74M 7.98M 5.57M 14.32M
Net change in cash -278K -3M -264K 1.47M
Cash on hand 18.92M 19.2M 22.2M 22.47M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 142.37M 134.71M 144.62M 146.9M
Net income 16.49M 19.62M -16.34M -26.96M
Diluted EPS 2.25 2.7 -2.25 -3.71
Net profit margin 11.58% 14.57% -11.30% -18.35%
Operating income 51.59M 40.53M 42.17M 33.85M
Net change in cash 6.33M -7.69M 4.39M -4.55M
Cash on hand 22.47M 16.14M 23.84M 19.44M

Financial data from company earnings reports

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Financial report summary

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Risks
  • Failure to repay our Notes
  • The failure to repay our Notes and our obligations under our Series B preferred stock adversely affects our financial condition and raises substantial doubt about our ability to continue as a going concern.
  • Upon a change of control, we must offer to repurchase all of the Notes and our Series B preferred stock.
  • We are highly leveraged and our substantial level of indebtedness adversely affects our financial condition and prevents us from fulfilling our financial obligations.
  • We face several risks regarding the foreign ownership issue.
  • We have experienced net losses in the past and, to the extent that we experience net losses in the future, our ability to raise capital may be adversely affected.
  • Our industry is highly competitive, and we compete for advertising revenue with other broadcast stations, as well as other media, many operators of which have greater resources than we do.
  • A large portion of our net revenue and operating income currently comes from our New York, Los Angeles and Miami markets.
  • Cancellations, reductions, delays and seasonality in advertising could adversely affect our net revenues.
  • The success of our radio stations depends on the popularity and appeal of our content, which is difficult to predict.
  • The success of our television operation depends upon our ability to attract viewers and advertisers to our broadcast television operation.
  • The loss of distribution agreements could materially adversely affect our results of operations.
  • We must respond to rapid changes in technology, content creation, services and standards in order to remain competitive.
  • Cybersecurity risks could affect our operations and adversely affect our business.
  • Impairment of our goodwill and other intangible assets deemed to have indefinite useful lives can cause our net income or net loss to fluctuate significantly.
  • Piracy of our programming and other content, including digital and Internet piracy, may decrease revenue received from the exploitation of our programming and other content and adversely affect our business and profitability.
  • Damage to our brands or reputation could adversely affect our company.
  • Raúl Alarcón, the Chairman of our Board of Directors, Chief Executive Officer and President, has majority voting control of our common stock and 100% voting control of our Series C preferred stock and this control may discourage or influence certain types of transactions or strategic initiatives.
  • Changes in U.S. communications laws or other regulations may have an adverse effect on our business.
  • Proposed legislation would require radio broadcasters to pay royalties to record labels and recording artists.
  • The FCC vigorously enforces its indecency and other program content rules against the broadcast industry, which could have a material adverse effect on our business.
  • Our businesses depend upon licenses issued by the FCC, and if any of those licenses were not renewed or we were to be out of compliance with FCC regulations and policies, our business may be materially impaired.
  • There is significant uncertainty regarding the FCC’s media ownership rules, and any changes to such rules could restrict our ability to acquire broadcast stations.
  • New or changing federal, state or international privacy legislation or regulation could hinder the growth of our internet business.
Management Discussion
  • The increase in our consolidated net revenues of $7.7 million or 6% was due to increases in both our radio and television segments net revenue. Our radio segment net revenue increased $6.9 million or 6%, due to increases in local, national, network, barter and digital sales which were offset by a decrease in special event revenue.  Local and national radio revenue was positively impacted by increased political sales in 2018. Our special events revenue decrease occurred primarily in our San Francisco market.  Our television segment net revenue increased $0.8 million or 5%, due to increases in national and local and special events revenue offset by a decrease in subscriber based revenue. Local and national television revenue was positively impacted by increased political sales in 2018.    
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
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Readability
H.S. sophomore Avg
New words: await, preliminary, qualitative, quantitative, reinvested, reiterating, volume
Removed: conform, dated, reclassified