DallasNews Corporation Reports Q2 2023 Net Loss of $868 Thousand
Revenue for the Quarter Stands at $36.01 Million
DallasNews Corporation(DALN) and its subsidiaries have r eleased their consolidated financial statements for the second quarter of 2023, reporting a net loss of $868 thousand. Despite the challenging financial performance, the company's net operating revenue amounted to $36.01 million for the quarter, comprising various revenue streams, including advertising and marketing services, circulation, and printing, distribution, and other services.
Net Loss of $868 Thousand in Q2 2023
The financial statements reveal that DallasNews Corporation and its subsidiaries recorded a net loss of $868 thousand for the three months ended June 30, 2023. This figure represents the difference between total operating costs and expenses, which amounted to $37.23 million, and other income of $378 thousand. The net loss per share during this period stood at $0.16.
