Boston Omaha Corporation Announces First Quarter 2019 Financial Results

Boston Omaha Corporation (NASDAQ: BOMN) (the “Company”) announced its financial results for the first quarter ended March 31, 2019 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 first quarter of 2019 and 2018. Our Quarterly Report on Form 10-Q can be found at www.bostonomaha.com.

			For the Three Months Ended March 31,
			2019		2018
Billboard Rentals, Net			$6,780,390		$1,550,190
Premiums Earned			1,882,342		477,304
Insurance Commissions			355,147		765,184
Investment and Other Income			92,846		30,266
Total Revenues			9,110,725		2,822,944
Depreciation and Amortization Expense			3,691,835		1,089,028
Net Loss Attributable to Common Stockholders			$(4,078,386)		$(2,069,382)
Basic and Diluted Net Loss per Share			$(0.18)		$(0.13)
			March 31,		December 31,
			2019		2018
Total Unrestricted Cash & Investments (1)			$97,670,791		$103,950,458
Total Assets			380,093,009		332,194,521
Total Liabilities			63,881,387		15,633,559
Total Noncontrolling Interest			1,470,969		1,345,578
Total Stockholders’ Equity			$314,740,653		$315,215,384

(1) Investments is made up of short-term U.S. treasury securities classified as securities available for sale.