DallasNews (US:DALN)2020-07-28 20:32Financial Data and Key Metrics Changes - A. H. Belo reported a net loss of $3.4 million or $0.16 per share for Q2 2020, compared to a net income of $16.5 million or $0.77 per share in Q2 2019 [8] - Total GAAP revenue for Q2 2020 was $35.4 million, a decrease of $11.7 million or 24.8% from $47.1 million in Q2 2019 [9] - Total GAAP operating expense was $39.8 million, an increase of $15.5 million or 64% compared to Q2 2019 [15] Business Line Data and Key Metrics Changes - Digital advertising and marketing services revenue was $6.7 million, a decrease of $2.3 million or 25.9% from $9 million in Q2 2019 [10] - Digital circulation revenue increased to $1.5 million, up $300,000 or 24.1% compared to the previous year [11] - Print advertising revenue was $8.9 million, a decrease of $7.4 million or 45.3% from $16.3 million in Q2 2019 [13] - Print circulation revenue decreased to $14.2 million, down $1.6 million or 10% compared to the prior year [14] Market Data and Key Metrics Changes - The company ended Q2 2020 with 43,590 paid digital-only subscriptions, an increase of 12,019 or 38.1% compared to Q2 2019 [12] - Headcount was reduced to 769, a decrease of 110 or 12.5% from the previous year [18] Company Strategy and Development Direction - The company is focused on growing digital revenue and has seen positive trends in digital circulation [21][25] - Management has made adjustments to discretionary spending and reduced headcount to manage operating expenses effectively [17] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by the COVID-19 pandemic but expressed satisfaction with the company's financial performance and digital revenue growth [21][22] - The company anticipates continued improvement in operating trends for the second half of the year, although projecting future performance remains difficult [27] Other Important Information - The company has approximately $42.3 million in cash and cash equivalents and no debt as of June 30 [18] - There are no mandatory pension contributions expected this year or next, subject to market conditions [19] Q&A Session Summary - There were no questions from participants during the Q&A session [28]