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A. H. Belo Corporation (NYSE: AHC) will transition its Series A common stock listing to the Nasdaq Capital Market, effective June 29, 2021, under the new ticker symbol "DALN." This move comes after an internal review and aims to better serve the company's interests. Concurrently, the company will adopt the name DallasNews Corporation, a change approved by 99.4% of shareholder votes during its May 2021 annual meeting. This rebranding reflects A. H. Belo's focus on local news and digital marketing in Texas.
A. H. Belo Corporation (NYSE: AHC) announced a 1-for-4 reverse stock split, approved by its Board of Directors and authorized by shareholders during the 2021 Annual Meeting. The split will take effect at 12:01 a.m. on June 8, 2021, reducing the total authorized common shares from 125 million to 31.25 million. No fractional shares will be issued; instead, shareholders will receive cash based on the pre-split closing price. The Series A common stock will continue trading under the symbol AHC on the NYSE.
A. H. Belo Corporation (NYSE: AHC) has declared a quarterly cash dividend of $0.04 per share on May 13, 2021. This dividend is set to be payable on September 3, 2021, to shareholders of record as of August 13, 2021. The company noted that the dividend amount may be adjusted in the event of a reverse stock split prior to the record date. A. H. Belo is recognized as the leading local news publisher in Texas, focusing on innovative news delivery and digital marketing.
A. H. Belo Corporation (NYSE: AHC) reported a first quarter 2021 net loss of $2.8 million, or $(0.13) per share, compared to a net loss of $1.6 million in Q1 2020. Total revenue decreased by 8.7% to $36.8 million, largely due to a 13.2% decline in advertising revenue impacted by COVID-19. While adjusted operating loss improved by 14.4% to $2.4 million, total operating expenses rose slightly on a non-GAAP basis. The company initiated a voluntary severance offer to realign its operations for cost savings and reported stable growth in digital subscriptions.
A. H. Belo Corporation (NYSE: AHC) will release its first quarter 2021 financial results on April 27, 2021, prior to market open. A subsequent conference call is scheduled for the same day at 9:00 a.m. CDT, which will be accessible via webcast on their official website. The call can also be accessed by phone, and a replay will be available until May 3, 2021. This event highlights A. H. Belo's commitment to transparency with investors as it continues to navigate the evolving media landscape.
Apollo Healthcare Corp. (TSX: AHC, OTC QX: AHCCF) has announced financial results for Q4 and the year ended December 31, 2020. Q4 revenues reached $87.2 million, marking a significant increase from $41.8 million in Q4 2019. Year-to-date revenues totaled $321.7 million, up from $167.1 million in 2019. EBITDA for Q4 was $25.2 million, compared to a loss of $1.7 million in 2019. The company has eliminated all debt and has access to a $50 million liquidity facility. Further detailed results are available in the MD&A filed on SEDAR.
A. H. Belo Corporation (NYSE: AHC) reported a net loss of $1.7 million, or $(0.08) per share, in Q4 2020, compared to a loss of $1.1 million in Q4 2019. Full-year net loss for 2020 was $6.9 million, down from a profit of $9.3 million in 2019. Total revenue for Q4 2020 was $40.8 million, a 12.8% decline from Q4 2019, primarily due to decreased advertising revenue. The company is focusing on digital growth and plans to regain NYSE compliance after failing to meet market capitalization and equity requirements. Cash reserves stood at $42 million with no debt.
A. H. Belo Corporation (NYSE: AHC) declared a quarterly cash dividend of $0.04 per share on March 4, 2021. This dividend will be payable on June 4, 2021 to shareholders of record as of May 14, 2021. The company continues to focus on delivering local news and information while expanding its presence in emerging media and digital marketing.
A. H. Belo Corporation (NYSE: AHC) will release its fourth quarter and full year 2020 financial results on March 9, 2021, prior to market opening. A conference call is scheduled for the same day at 9:00 a.m. CST where details will be discussed. Investors can access the call via phone or webcast through A. H. Belo’s website, with an archive available post-event. The company, recognized for its local news and information publishing, is also expanding its digital marketing capabilities and commercial services.
A. H. Belo Corporation (NYSE: AHC) announced a quarterly cash dividend of $0.04 per share on December 3, 2020. The dividend will be payable on March 5, 2021, to shareholders recorded by the close of business on February 12, 2021. A. H. Belo is a major local news publisher in Texas and is expanding in digital marketing and media. The company warns that future dividends depend on various risks, including advertising demand and the COVID-19 pandemic's impact.
