URBAN ONE, INC. (UONE): Nasdaq/NYSE listing notice — Urban One reports delayed Q1/Q2 results; net income $67.4M, Adj. EBITDA down 24% YoY, Nasdaq extension granted

URBAN ONE, INC.

Six-month net revenue $239.5M (+3.8% YoY); operating income $17.8M vs $61.8M YoY.
Net income $67.4M ($1.42 basic EPS) vs $32.8M ($0.64) prior year; includes $96.5M other income from MGM sale.
Adjusted EBITDA $67.8M vs $89.5M; reaffirmed FY2023 Adj. EBITDA guidance $125-128M.
Radio Q3 revenue down 0.6% overall, down 12% ex-political; Q4 pacing down 10.1% ex-political; cash $227.5M.
Nasdaq panel grants extension until Jan 16, 2024 to file Q3 10-Q; delisting stayed.

item 2.02 item 3.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.4

URBAN ONE, INC. reported financial results for quarter ended March 31, 2023.

Period: quarter ended March 31, 2023
Result: reported results

Exact text from the filing

Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for both the quarter ended March 31, 2023 and the quarter ended June 30, 2023 as well as for the six month period ended June 30, 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

URBAN ONE, INC. reported six month period ended June 30, 2023 results: revenue approximately $239.5 million, net income approximately $67.4 million or $1.42 per share (basic). Guidance reaffirmed.

Period: six month period ended June 30, 2023
Revenue: approximately $239.5 million
Net income: approximately $67.4 million or $1.42 per share (basic)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

For the six month period ended June 30, 2023 net revenue was approximately $239.5 million, an increase of 3.8% from the same period in 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.4

URBAN ONE, INC. reported financial results for quarter ended June 30, 2023.

Period: quarter ended June 30, 2023
Result: reported results

Exact text from the filing

Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for both the quarter ended March 31, 2023 and the quarter ended June 30, 2023 as well as for the six month period ended June 30, 2023.

View on SEC.gov

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

URBAN ONE, INC. received a nasdaq extension granted notice regarding late filing (rules 5250(c)(1)).

Exchange: nasdaq
Notice: extension granted
Deficiency: late filing
Rules: 5250(c)(1)

Exact text from the filing

December 12, 2023, the Company received notification from the Hearings Panel (the “Panel”) of The Nasdaq Stock Market LLC (“Nasdaq”) that the Panel granted the Company an extension of time to come into compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the “SEC”). The Panel granted the Company’s request to extend the time in which the Company has to file its Form 10-Q for the period ended September 30, 2023 (the “Q3 2023 Form 10-Q”) until Janu

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URBAN ONE, INC. filing history →

Source: SEC EDGAR

accession 0001558370-23-019745

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