SPANISH BROADCASTING SYSTEM INC (SBSAA) [Rocket]

Overview

SPANISH BROADCASTING SYSTEM INC (SBSAA)

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Recent News + Filings (All items)

Date Filed	Type	Description
04/13/2022	SC 13D/A	Bluestone Financial LTD reports a 2.8% stake in SPANISH BROADCASTING SYSTEMS, INC.
02/02/2022	SC 13D/A	Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend]
08/05/2021	SC 13D/A	Bluestone Financial LTD reports a 8% stake in SPANISH BROADCASTING SYSTEMS, INC.
04/30/2021	SC 13D/A	Bluestone Financial LTD reports a 9.7% stake in SPANISH BROADCASTING SYSTEMS, INC.
03/26/2021	SC 13D/A	Bluestone Financial LTD reports a 14.6% stake in SPANISH BROADCASTING SYSTEMS, INC.
03/12/2021	SC 13D/A	Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend]
07/29/2020	15-12G/A	Form 15-12G/A - Securities registration termination [Section 12(g)]: [Amend]

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12
Revenues	156.7	142.4	134.7	144.6	146.9	146.3	153.8	139.5
Revenue growth	10.0%	5.7%	-6.9%	-1.6%	0.4%	-4.9%	10.2%	-1.0%
Cost of goods sold	28.5	37.9	46.4	31.1	0.4	-1.4	0.9	0.4
Gross profit	128.1	104.5	88.3	113.5	146.5	147.6	152.9	139.1
Gross margin	81.8%	73.4%	65.6%	78.5%	99.7%	100.9%	99.4%	99.7%
Selling, general and administrative	76.5	66.5	67.9	66.7	77.0	77.3	78.5	65.1
General and administrative	11.7	10.5	9.6	10.6	10.5	9.7	9.3	7.5
EBITA	39.1	39.7	24.7	42.3	34.5	35.3	39.4	38.0
EBITA margin	24.9%	27.9%	18.4%	29.2%	23.5%	24.1%	25.7%	27.2%
Amortization of intangibles			0.1	0.1	0.1	0.1	0.2	0.3
EBIT	39.1	39.7	24.6	42.2	34.4	35.2	39.2	37.7
EBIT margin	24.9%	27.9%	18.3%	29.2%	23.4%	24.1%	25.5%	27.0%
Pre-tax income	-2.3	10.0	-5.0	-7.7	-15.7	-14.1	-91.0	0.3
Income taxes	-1.4	-6.5	-24.7	8.6	11.2	5.8	-2.4	1.6
Tax rate	60.1%		489.5%				2.6%	505.4%
Net income	-0.9	16.5	19.6	-16.3	-27.0	-20.0	-8.9	-11.2
Net margin	-0.6%	11.6%	14.6%	-11.3%	-18.3%	-13.6%	-5.8%	-8.0%

Diluted EPS	($0.13)	$2.25	$3.02	($2.25)	($3.71)	($2.75)	($1.22)	($1.54)
Shares outstanding (diluted)	7.3	7.3	6.5	7.3	7.3	7.3	7.3	7.3

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.