Link Media released 2Q 2017 financial results:
- Billboard Rentals increased by 50% to $1.2 million during the three months ended June 30, 2017 due to acquisitions. The company does not break out billboard expenses and cashflow on financial statements.
- Link’s CEO Jim McLaughlinin says the company has closed on a small Atlanta acquisition: “Today we closed on another small acquisition in the Atlanta market, buying a back-to-back 14 X 48 digital structure from Tanner Outdoor. The location is on heavily traveled Peachtree Industrial Boulevard and pre-selling demand is strong. This represent another step in solidifying Link’s digital footprint in metro Atlanta.”
- Link Media’s parent had $100 million in cash at June 30, 2017 due to the company’s IPO. That can buy lots more billboard faces.
- Link Media’s publicly traded parent company is Boston Omaha Corporation. They trade on the NSDAQ Capital Market under the symbol “BOMN”. Insider has attached the press release below.
OMAHA, Neb.–(BUSINESS WIRE)–Boston Omaha Corporation (NASDAQ: BOMN) (the “Company”) announced its financial results for the second quarter ended June 30, 2017 in connection with filing its Quarterly Report on Form 10-Q with the Securities and Exchange Commission.
We show below summary financial data for the second quarter of 2017 and 2016. Our Quarterly Report on Form 10-Q can be found at www.bostonomaha.com.
Our book value per share was $10.49 at June 30, 2017, compared to $9.02 at December 31, 2016.
As of June 30, 2017, we had 12,955,277 shares of Class A common stock and 1,055,560 shares of Class B common stock issued and outstanding. On July 18, 2017, we sold an additional 351,880 shares of our Class A common stock to the underwriter of our 2017 public offering for net proceeds of $4,254,229. As a result, at August 11, 2017, we had 13,307,157 shares of Class A common stock and 1,055,560 shares of Class B common stock issued and outstanding.
About Boston Omaha Corporation
Boston Omaha Corporation is a public company engaged in several lines of business, including outdoor advertising and surety insurance, and maintains investments in several real estate services ventures.
Contacts
Boston Omaha Corporation
Catherine Vaughan, 617-875-8911
cathy@bostonomaha.com
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