First, let me start by reading our obligatory disclaimer statement.
This call will contain forward-looking statements about our future performance and results of operations that involve risks and uncertainties that are described in the Risk Factors section of our most recent Form 10-K.
contain of also measures. non-GAAP will call a certain discussion financial This
financial for measures are GAAP selected financial the attached tables. the the Reconciliation non-GAAP comparable to all most directly in data measure
time Well, and today. a the Saga XX public in for Ed almost the almost years not been the has that Saga that call will XX years company, at I’ve been on first be
a Saga’s remains suffered recently business. fully day-to- muscle in and active his but Ed pull back, functional day in
painful. is injury this Obviously,
doctor his is get now. His into additional X-rays, to him this morning called office and there he
as direct as Saga’s He, always, are develops. to will what as for be seeing performance calls quarter the future available first we as discuss well
him as Forgy, heads have He he this Parks, able doctor and out to Chris as meet on be well be he call. not I to morning disappointed this was his to very as conversations Angela with as others had good
be brilliant highlights. quarterly stories I able of enlightening these give to calls, the our I does each he the you of will that will picture not on tell the but paint or business
And rest is assured, fine. Ed doing
It’s for unfortunate relative to just call relative to doctor’s availability. an and timing his the circumstance
continue period quarter ongoing had to unfavorable first the which an began prior uncertainties, marketplace results Saga’s to fully to last of in year. comparison we that the XXXX show yet experience in March
and million the $XXX,XXX to levels. business compares more building adjusting during the operating every expense at was corporate that in operations. and no for year continued the the useful to at for by we level. of revenue post us longer were manage last operating allowed income other after for we land quarter our of first This the sale $XXX,XXX the last of the experienced to XXXX received a first which quarter, to income reductions $X.X have when reduction offset G&A station net During we this compared expense time, than both year The to
free better revenue of to quarter period in million $X.X XX.X% $XXX,XXX Gross flow Our the the million $X political in period compared cash same for was comparable was the year. than XXXX. quarter for for the last XXXX
We and normal amount revenue continue XXXX. significant to lower of to cycle we election revenue expect in to the the did due political XXXX political in be
to January expected, revenue periods latter full the showed As gains to negative to last was positive revenue net comparison the to against March in and year. comparable return XXXX XXXX. the comparisons Internally, levels February as the show are last expect to periods year. levels of we part revenue year, pushing year monthly second to in for XXXX, significant the while in approach the expect comparable to months quarter we and in in ongoing we close we don’t Net XXXX revenue get
we of growth is it Posting had have it year long million we run. not toward the of on comparisons very focusing internal are to meaningful as developing move been our our be All after We managing accordingly. on type the in the revamped against obtained not million to are XXXX revenue XX, high cash We how a management cash March have post-pandemic is performing given XXXX. XXXX. show February numbers of relative $XX.X double-digit in environment. how should we XXXX but hand. to operations Comparisons nice, was, comparison meaningful to hand monthly on we in in is to XXXX and efforts XXXX our reports as $XX.X Currently,
consider we is per when hand. our bank $XX negative covenant debt which issues. have you remains cash the outstanding Our hand, at given the or liquidity cash no million, on presents covenants Leverage on
talked gave his things a be that this and unfortunately, I and where wanted what’s that forgoing we sure going would we morning, when, But view, and to we industry. And think Ed’s picturesque I and all you a are. in about comments my will be few forward Ed that I did Now get questions be to obviously, looking now. perspective, on the is on
have few did questions. a we So
The of a first a our May management as developing. we as what how one to managing that we level, well performance, occur Board question which and see April, results at constantly June and Saga was are to reinstating happen? quarter includes a time dividend and for At needs senior first – we this
are as the consumer are spending also such can’t looking we the as and as doing supply and down at for economy what there level control, ongoing locking pandemic variables at some confidence economic how potentials in as increases states if We the well as they’re that point COVID. chain, back the well the consumer reacting with to are up issues of open it
and conversation to dividend is But to Our do corrections then to make thereafter, be feasible. shortly is same it the if weekly economic such. this and at we intention the soon until as a to is will Believe continue reinstated. it to is conditions not want reinstate a to it, as time, daily, warrant dividend have reinstate the me, so
Stay are given little This, our the of cash this. on topic will we is the possibility. – our consideration don’t subject asked a more certainly why back the we are strong is on on were bank be very Secondly, we too, June Board of last of meeting. Paying so we $XX why of at hand. debt, tuned off million Directors asked for conversation our a and much interest pay earning balance
quarter had was we how the Finally, a question second about developing.
good we being before, double high digits. very in growth the and mentioned April seeing I up As progress May are with
seeing even very XXXX is to more levels, pacing positive measure. against getting back revenue also which trends an are towards We important
very company, Board concerned, important a to is develop pretty While any Saga. there lost revenue current across much of XXXX, and this state for where previous is category category and radio controls, are still the is uncertainties that still events. one is in category this With revenue we including
have outdoor expo resurgence still at to The August. we some able ways Ocala, utilizing news World space go. to an schedule Florida, beginning been a in events, XX,XXX have square-foot that we of the good is The new we to Equestrian space. a are Center is are in long we While see
Our event. has already the out sold this for historically a Ocala but has This beyond good we have been seen event really for before. what goes available all sponsorships market, this the even
do few future in revenue more We the type be certainly have XXXX the and that than impact from believe encourage significantly for events a of this of examples these development we XXXX. year, will us better
while day-to-day, He to and you at what and what the always active what as injury Ed I certainly be doctor’s to morning future. and at call all stated We and know, is or are believe a this reiterate, do. always, discuss fully quarter well him the for to the his still the office exams. will me, we is some e-mails available of seeing for to just want night, get give as will timing additional hours as As painful those before, Ed functional further first hour. and all be Ed I I is this required day earnings please release X-rays as Ed that calls. hour for calls does
you going Cathy. turn for with thank that, over to to back the it today. I’m joining So call us And for
