Market Overview

Boston Omaha Corporation Announces Third Quarter 2018 Financial Results

Share:

Boston Omaha Corporation (NASDAQ:BOMN) (the "Company") announced its
financial results for the third quarter ended September 30, 2018 in
connection with filing its Quarterly Report on Form 10-Q with the
Securities and Exchange Commission.

We show below summary financial data for the third quarter of 2018 and
2017. Our Quarterly Report on Form 10-Q can be found at www.bostonomaha.com.

         
   

Third Quarter

 

First Nine Months

   

2018

 

2017

 

2018

 

2017

Revenues:

               
Billboard Rentals, Net   $3,753,795   $1,451,843   $7,003,254   $3,681,653
Premiums Earned   814,944   550,778   1,799,293   1,574,877
Insurance Commissions   793,934   349,480   2,310,802   892,246
Investment and Other Income   30,845   32,880   92,872   101,015
Total Revenues   5,393,518   2,384,981   11,206,221   6,249,791
                 
Depreciation and Amortization Expense   2,077,871   791,883   4,164,518   2,044,490
                 
Net Loss Attributable to Common Stockholders   $(1,931,041)   $(1,511,956)   $(5,598,520)   $(3,989,983)
Basic and Diluted Net Loss per Share   $(0.09)   $(0.11)   $(0.29)   $(0.41)
                 
            September 30,   December 31,
           

2018

 

2017

Total Unrestricted Cash & Investments (1)           $103,617,648   $89,939,150
Total Assets           333,693,417   153,477,084
Total Liabilities           14,100,404   5,088,411
Total Noncontrolling Interest           1,196,754   1,234,987
Total Stockholders' Equity           $318,396,259   $147,153,686

(1) Investments is made up of short-term U.S. treasury securities
classified as trading securities and securities available for sale.

Our book value per share was $14.43 at September 30, 2018, compared to
$10.25 at December 31, 2017.

As of September 30, 2018 and November 13, 2018, we had 21,008,024 shares
of Class A common stock and 1,055,560 shares of Class B common stock
issued and outstanding.

About Boston Omaha Corporation

Boston Omaha Corporation is a public company engaged in several lines of
business, including outdoor advertising and surety insurance, and also
maintains investments in commercial real estate, residential
homebuilding and banking businesses.

Forward-Looking Statements

Any statements in this press release about the Company's future
expectations, plans and prospects, including statements about our
financing strategy, future operations, future financial position and
results, market growth, total revenue, as well as other statements
containing the words "anticipate," "believe," "continue," "could,"
"estimate," "expect," "intend," "may," "might," "plan," "potential,"
"predict," "project," "should," "target," "will," or "would" and similar
expressions, constitute forward-looking statements within the meaning of
the safe harbor provisions of The Private Securities Litigation Reform
Act of 1995. The Company may not actually achieve the plans, intentions
or expectations disclosed in the Company's forward-looking statements,
and you should not place undue reliance on the Company's forward-looking
statements. Actual results or events could differ materially from the
plans, intentions and expectations disclosed in the forward-looking
statements the Company make as a result of a variety of risks and
uncertainties, including risks related to the Company's estimates
regarding the potential market opportunity for the Company's current and
future products and services, the Company's expectations regarding the
Company's sales, expenses, gross margins and other results of
operations, and the other risks and uncertainties described in the "Risk
Factors" sections of the Company's public filings with the Securities
and Exchange Commission. In addition, the forward-looking statements
included in this press release represent the Company's views as of the
date hereof. The Company anticipates that subsequent events and
developments may cause the Company's views to change. However, while the
Company may elect to update these forward-looking statements at some
point in the future, the Company specifically disclaim any obligation to
do so. These forward-looking statements should not be relied upon as
representing the Company's views as of any date subsequent to the date
hereof.

View Comments and Join the Discussion!
 
Lightning Fast
Market News Service
$199 Free 14 Day Trial