Boston Omaha Corporation Reports Financial Results for First Quarter of 2024

Boston Omaha Corporation (NYSE: BOC) recently released its financial results for the first quarter of 2024, showcasing a mix of successes and challenges. The company reported total revenues of $25,552,731 for the quarter, reflecting growth compared to the same period in 2023. However, the net loss from operations was reported at $2,058,281, indicating a decrease from the previous year.

One of the key highlights of the financial report was the performance of the company’s investments, particularly in Sky Harbour Group Corporation. The equity method position in Sky Harbour resulted in a loss of $10,171,615, which was partially offset by other investment income of $7,788,445. This demonstrates the volatility and potential gains and losses associated with investment activities.

Despite the challenges faced in the first quarter, Boston Omaha Corporation remains optimistic about its future prospects. The company’s cash inflow from operations increased to $2,415,294, compared to $1,368,181 in the same period last year. Additionally, the book value per share was reported at $17.10, slightly lower than the previous quarter.

Looking ahead, Boston Omaha Corporation is focused on its four majority-owned businesses engaged in outdoor advertising, broadband telecommunications services, surety insurance, and asset management. The company acknowledges the risks and uncertainties in the market but remains committed to its long-term growth strategy.

Investors and stakeholders can access more information about Boston Omaha Corporation on their investor relations website and stay updated on the company’s performance and future plans.