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Salem Media Group, Inc.

SALM•NASDAQ
Communication Services
Broadcasting
$0.85
$0.02(2.43%)
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The company's financials show resilient growth, with revenue advancing from $68.81M in Q4 2022 to $63.50M in Q3 2023. Gross profit remained healthy with margins at 11% in Q3 2023 compared to 16% in Q4 2022. Operating income hit -$36.29M last quarter, sustaining a consistent -57% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at -$33.08M. Net income dropped to -$31.30M, while earnings per share reached -$1.15. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.

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