secwatch / observer
8-K filed July 12, 2023, 7:59 PM ET ticker UONE CIK 0001041657
earnings confidence high sentiment negative materiality 0.80

URBAN ONE, INC. (UONE): auditor change — Urban One Q4 net income $856K, down 84% YoY; auditor BDO dismissed, material weaknesses cited

URBAN ONE, INC.

2023-Q2 EPS reported $1.34 revenue$239,521,000

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

URBAN ONE, INC. engaged Ernst & Young LLP as its auditor.

Action
engagement
Auditor
Ernst & Young LLP
Exact text from the filing
The Audit Committee has appointed Ernst & Young LLP (EY) to serve as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 effective as of July 12, 2023.
View on SEC.gov
Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

URBAN ONE, INC. dismissed BDO USA, P.A. as its auditor.

Action
dismissal
Auditor
BDO USA, P.A.
Successor
Ernst & Young LLP
Exact text from the filing
The Audit Committee of the Company’s Board of Directors (the “Audit Committee”) approved the dismissal of BDO on July 11, 2023 and BDO’s dismissal as the Company’s independent registered public accounting firm will be effective on July 12, 2023.
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

URBAN ONE, INC. reported the quarter ended December 31, 2022 results: revenue $132.6 million, net income $856,000, EPS $0.02 per share (basic).

Period
the quarter ended December 31, 2022
Revenue
$132.6 million
Net income
$856,000
EPS
$0.02 per share (basic)
Result
reported results
Exact text from the filing
Net revenue was approximately $132.6 million, an increase of 1.6% from the same period in 2021. The Company reported operating income of approximately $14.3 million for the three months ended December 31, 2022, compared to approximately $20.3 million for the three months ended December 31, 2021. Broadcast and digital operating income 1 was approximately $47.6 million, an increase of 7.9% from the same period in 2021. Net income was $856,000 or $0.02 per share (basic) compared to approximately $5.3 million or $0.10 per share (basic) for the same period in 2021.
View on SEC.gov

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URBAN ONE, INC. filing history →

Source: SEC EDGAR
accession 0001558370-23-011838
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