NAPLES, Fla. (AP) — NAPLES, Fla. (AP) — Beasley Broadcast Group Inc. (BBGI) on Monday reported fourth-quarter net income of $6.4 million, after reporting a loss in the same period a year earlier.
The Naples, Florida-based company said it had profit of 21 cents per share. Losses, adjusted for non-recurring gains and to extinguish debt, were 13 cents per share.
The radio broadcaster posted revenue of $65.7 million in the period.
For the year, the company reported that its loss widened to $75.1 million, or $2.51 per share. Revenue was reported as $247.1 million.
The company’s shares closed at 83 cents. A year ago, they were trading at $1.21.
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