- Beasley's traditional radio business was negatively impacted by the Coronavirus pandemic, and as a result the company permanently cut more than $20m of costs out of the business.
- This leaner cost-structure should allow for a significantly more profitable company to emerge as the economic reopening picks up steam.
- Second Quarter revenue is already pacing up nearly triple digits, with April up 128%, May up 100%, and June up 32%.
- Company's CEO has recently been buying shares.
- Beasley's eSports and Digital advertising segments provide potential growth drivers.
For further details see:
Beasley Broadcast: Compelling Upside Amid Economic Reopening, Insider Buying, & eSports