Boston Omaha Corporation (NASDAQ: BOMN) (the “Company”)
announced its financial results for the first quarter ended March
31, 2019 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 first quarter of
2019 and 2018. Our Quarterly Report on Form 10-Q can be found at
www.bostonomaha.com.
For the Three Months Ended March
31,
2019 2018 Billboard Rentals, Net $6,780,390
$1,550,190 Premiums Earned 1,882,342 477,304 Insurance Commissions
355,147 765,184 Investment and Other Income 92,846 30,266 Total
Revenues 9,110,725 2,822,944 Depreciation and Amortization
Expense 3,691,835 1,089,028 Net Loss Attributable to Common
Stockholders $(4,078,386) $(2,069,382) Basic and Diluted Net Loss
per Share $(0.18) $(0.13)
March 31, December
31, 2019 2018 Total Unrestricted Cash &
Investments (1) $97,670,791 $103,950,458 Total Assets 380,093,009
332,194,521 Total Liabilities 63,881,387 15,633,559 Total
Noncontrolling Interest 1,470,969 1,345,578 Total Stockholders’
Equity $314,740,653 $315,215,384
(1) Investments is made up of short-term U.S. treasury
securities classified as securities available for sale.
Our book value per share was $14.15 at March 31, 2019, compared
to $14.27 at December 31, 2018.
As of March 31, 2019, we had 21,183,327 shares of Class A common
stock and 1,055,560 shares of Class B common stock issued and
outstanding.
As of May 6, 2019, we had 21,359,259 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 source
version on businesswire.com: https://www.businesswire.com/news/home/20190510005503/en/
Boston Omaha CorporationCatherine Vaughan,
617-875-8911cathy@bostonomaha.com
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