Investment Thesis
Beasley faces existential financial distress with negative stockholders' equity of -$49.3M, operating losses of -$111.5% margin, and negative free cash flow of -$13.3M that will deplete remaining cash reserves within months. With $235.3M in debt, only $9.9M in cash, and inability to service interest (-17.4x coverage), the company is functionally insolvent and at severe risk of bankruptcy or debt restructuring.
Strengths
- Maintains minimal positive liquidity with 1.00x current ratio providing short-term survival buffer
- Established broadcasting market presence with infrastructure assets of $299.3M
- No insider selling pressure in past 90 days suggests stabilization attempts may be underway
Risks
- Negative stockholders' equity of -$49.3M indicates technical insolvency; liabilities exceed assets by $49.3M
- Negative operating cash flow of -$8.5M with -$13.3M FCF will exhaust $9.9M cash reserves within months
- Long-term debt of $235.3M is unserviceable with negative operating income and -17.4x interest coverage ratio
- Revenue declining 14.3% YoY in capital-intensive business indicates structural demand deterioration
- Operating margin of -111.5% demonstrates fundamentally broken business model
Key Metrics to Watch
- Cash balance depletion rate relative to monthly burn (quarterly monitoring critical)
- Debt restructuring announcements or covenant default notices
- Revenue stabilization and return to operating cash flow positivity
- Management guidance on going concern and asset sale activities
Financial Metrics
Revenue
205.9M
Net Income
-196.5M
EPS (Diluted)
$-109.27
Free Cash Flow
-13.3M
Total Assets
299.3M
Cash
9.9M
Profitability Ratios
Gross Margin
N/A
Operating Margin
-111.5%
Net Margin
-95.4%
ROE
N/A
ROA
-65.7%
FCF Margin
-6.5%
Balance Sheet & Liquidity
Current Ratio
1.00x
Quick Ratio
1.00x
Debt/Equity
N/A
Debt/Assets
116.5%
Interest Coverage
-17.36x
Long-term Debt
235.3M
Disclaimer: This analysis is generated by AI based on publicly available SEC EDGAR filings.
It does not include stock price data and should not be considered financial advice.
All fundamental data is sourced from SEC public domain filings.
Always conduct your own research before making investment decisions.
Data Source: SEC EDGAR |
Analysis Date: 2026-05-15T08:45:31.234594 |
Data as of: 2025-12-31 |
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