Boston Omaha Reports FY2023 Q1 Earnings Results on May 12, 2023
May 25, 2023
On May 12 2023, BOSTON OMAHA ($NYSE:BOC) reported their financial results for Q1 of FY2023, ending March 31 2023. Revenue reached USD 22.8 million, a surge of 40.1% from the same quarter of the prior year. Net income for the quarter was USD -3.3 million, a decrease from USD 16.3 million in the same quarter of the previous year.
On Friday, May 12, 2023, BOSTON OMAHA released its FY2023 Q1 earning results. On the day, BOSTON OMAHA stock opened at $20.2 and closed at $20.2, representing a 0.8% increase from the previous closing price of $20.0. This marks the first release of earnings results since the company completed its IPO in early April of 2023. Analysts had been expecting a strong quarter for the company, and the numbers released on Friday indicate that BOSTON OMAHA is right on track to meeting its expected growth.
The strong earnings results indicate a continued success in BOSTON OMAHA’s operations and business model, with the company showing steady growth throughout the quarter. Investors seem to be viewing these results favorably and have responded with a positive reaction in the stock market. Although the stock only saw a slight bump in price on Friday, it is likely that this momentum will be carried over into future quarters. Live Quote…
About the Company
Below shows the total revenue, net income and net margin for Boston Omaha. More…
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Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Boston Omaha. More…
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Boston Omaha. More…
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Key Ratios Snapshot
Some of the financial key ratios for Boston Omaha are shown below. More…
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At GoodWhale, we recently conducted an analysis of BOSTON OMAHA’s financials. The results of our analysis showed that BOSTON OMAHA is a high risk investment in terms of financial and business aspects. We detected three risk warnings in the income sheet, balance sheet, and cashflow statement. If you would like to examine these warnings in more detail, be sure to register with us to gain access to our findings. Furthermore, our analysis revealed that BOSTON OMAHA’s profitability ratio is below average, meaning it has an unfavorable risk-reward tradeoff. We also noted that BOSTON OMAHA has an unusual current ratio, which indicates a potential liquidity issue. Our analysis of BOSTON OMAHA’s financials uncovered these and several other risk factors that merit further examination. Register with us to gain an in-depth understanding of the risks associated with this investment. More…
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Boston Omaha is a promising investment opportunity for investors. The company recently reported its FY2023 Q1 earning results, with revenue up 40.1% year-over-year to USD 22.8 million. Despite this impressive growth, it reported a net loss of USD -3.3 million for the quarter, compared to a profit of USD 16.3 million in the same period last year.
Investors should carefully consider the company’s current financials before investing in Boston Omaha. Analyzing the company’s performance, cash flow, and other financial indicators can help investors make an informed decision about whether to invest in Boston Omaha.
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