Boston Omaha Reports Positive Second Quarter Earnings for FY2023
August 17, 2023
☀️Earnings Overview
For the second quarter of FY2023, BOSTON OMAHA ($NYSE:BOC) reported total revenue of USD 24.2 million, a 15.9% rise compared to the same period in FY2022. Net income for the quarter surged by 113.4%, standing at USD 1.5 million, compared to the same quarter the previous year. These earnings results were reported on June 30, 2023.
Stock Price
On Monday, Boston Omaha reported positive second quarter earnings for fiscal year 2023. The publicly-traded company opened at $17.8 and closed at $18.0, a slight decrease of 0.2% from the prior closing price of $18.0. Despite the small decrease, Boston Omaha’s overall performance has been impressive, with strong growth in the second quarter. This is an impressive feat, especially considering that many other companies in the industry have struggled due to the pandemic.
Overall, Boston Omaha’s second quarter was an impressive one. The company reported impressive growth in both revenue and net income, and the stock price remained relatively steady despite the downward trend in the market. Investors are surely happy to see the company’s positive performance as they look forward to seeing more growth in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Boston Omaha. More…
| Total Revenues | Net Income | Net Margin |
| 91.08 | 0.55 | 0.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Boston Omaha. More…
| Operations | Investing | Financing |
| 13.88 | -62.08 | 46.09 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Boston Omaha. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 773.2 | 156.98 | 17.33 |
Key Ratios Snapshot
Some of the financial key ratios for Boston Omaha are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 26.5% | – | -6.5% |
| FCF Margin | ROE | ROA |
| -36.7% | -0.7% | -0.5% |
Analysis
GoodWhale recently conducted an analysis of BOSTON OMAHA‘s wellbeing. The Star Chart we generated gave the company an intermediate health score of 6/10, indicating that it might be able to safely ride out any crisis without the risk of bankruptcy. Upon further examination, we found that BOSTON OMAHA is strong in asset and growth, but only medium in profitability and weak in dividend. We identified the company as a ‘cheetah’, meaning it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given these findings, we conclude that BOSTON OMAHA is an attractive option for investors looking for rapid returns, but may not be the best choice for those who prioritize stability. This type of company could be of particular interest to venture capitalists or those with a higher risk appetite. More…
Peers
The competition between Boston Omaha Corp and its competitors is fierce. Each company is vying for a share of the market, and each has its own strengths and weaknesses. Innocean Worldwide Inc is a large company with a strong presence in the market. Domain Holdings Australia Ltd is a small company with a niche market. Nestbuilder.com Corp is a new company with a innovative product.
– Innocean Worldwide Inc ($KOSE:214320)
Innocean Worldwide Inc is a South Korean advertising agency. The company has a market cap of 843B as of 2022 and a Return on Equity of 9.71%. Innocean Worldwide Inc specializes in creating and executing integrated marketing campaigns for its clients. The company has a strong focus on digital marketing and has a team of experienced professionals who are experts in this field. Innocean Worldwide Inc has a wide range of clients, both in Korea and internationally, and has a proven track record of delivering successful campaigns.
– Domain Holdings Australia Ltd ($ASX:DHG)
Domain Holdings Australia Ltd is a digital media and services company. The company focuses on delivering an integrated suite of products and services that enable people to connect with each other and with the places they live, work and visit. Domain Holdings Australia Ltd has a market cap of 1.95B as of 2022, a Return on Equity of 4.18%. The company’s products and services include digital marketing, web design and development, and online advertising.
– Nestbuilder.com Corp ($OTCPK:NBLD)
Nestbuilder.com Corp is a company that provides online real estate services. The company has a market capitalization of 231.44k and a return on equity of -8065.9%. The company offers a variety of services including listings, home buying and selling tips, and mortgage information.
Summary
Boston Omaha (BOST) reported strong second quarter earnings for FY 2023 with total revenue of $24.2 million, a 15.9% year over year increase. Net income for the quarter was USD 1.5 million, a 113.4% increase from the same period in the previous year. This is a positive sign for investors as BOST continues to show growth in their profitability.
BOST’s sound financial performance is driven by their focus on creating value for shareholders and delivering products that are highly sought after in the market. With such a solid track record, investors should consider BOST as a viable investment opportunity with potential for future returns.
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