NAPLES, Fla. (AP) — NAPLES, Fla. (AP) — Beasley Broadcast Group Inc. (BBGI) on Thursday reported a fourth-quarter loss of $2.1 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Naples, Florida-based company said it had a loss of $1.17. Earnings, adjusted for non-recurring costs, were $1.52 per share.
The radio broadcaster posted revenue of $67.3 million in the period.
For the year, the company reported that its loss narrowed to $5.9 million, or $3.73 per share. Revenue was reported as $240.3 million.
Beasley shares have fallen 37% since the beginning of the year. The stock has declined 62% in the last 12 months.
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