Urban One Files Q2 2024 10-Q
Ticker: UONEK · Form: 10-Q · Filed: Aug 9, 2024 · CIK: 1041657
| Field | Detail |
|---|---|
| Company | Urban One, Inc. (UONEK) |
| Form Type | 10-Q |
| Filed Date | Aug 9, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 19 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, earnings, broadcasting
TL;DR
Urban One dropped its Q2 10-Q, check the numbers.
AI Summary
Urban One, Inc. filed its 10-Q for the period ending June 30, 2024. The company reported financial results for the second quarter and the first half of the year. Specific financial figures and operational details are provided within the filing.
Why It Matters
This filing provides investors with the latest financial performance and operational status of Urban One, Inc., a key player in the radio broadcasting industry.
Risk Assessment
Risk Level: medium — As a publicly traded company, Urban One is subject to market fluctuations and industry-specific risks inherent in the media and broadcasting sector.
Key Players & Entities
- URBAN ONE, INC. (company) — Filer
- RADIO ONE, INC. (company) — Former company name
- 20240630 (date) — Reporting period end date
- 20240809 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended June 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on August 9, 2024.
What was Urban One, Inc.'s former company name?
Urban One, Inc.'s former company names were RADIO ONE, INC. and RADIO ONE INC.
What is the Standard Industrial Classification code for Urban One, Inc.?
The Standard Industrial Classification code for Urban One, Inc. is 4832, which corresponds to Radio Broadcasting Stations.
What is the fiscal year end for Urban One, Inc.?
The fiscal year end for Urban One, Inc. is December 31.
Filing Stats: 4,639 words · 19 min read · ~15 pages · Grade level 20 · Accepted 2024-08-09 09:09:53
Filing Documents
- uone-20240630.htm (10-Q) — 1799KB
- uone-20240630xexx311.htm (EX-31.1) — 10KB
- uone-20240630xexx312.htm (EX-31.2) — 10KB
- uone-20240630xexx321.htm (EX-32.1) — 5KB
- uone-20240630xexx322.htm (EX-32.2) — 5KB
- uone-20240630_g1.jpg (GRAPHIC) — 7KB
- 0001041657-24-000006.txt ( ) — 9166KB
- uone-20240630.xsd (EX-101.SCH) — 69KB
- uone-20240630_cal.xml (EX-101.CAL) — 76KB
- uone-20240630_def.xml (EX-101.DEF) — 351KB
- uone-20240630_lab.xml (EX-101.LAB) — 778KB
- uone-20240630_pre.xml (EX-101.PRE) — 548KB
- uone-20240630_htm.xml (XML) — 1376KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION Page Item 1. Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 3 0 , 2024 and 2023 (Unaudited) 5 Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three and Six Months Ended June 3 0 , 2024 and 2023 (Unaudited) 6 Condensed Consolidated Balance Sheets as of June 3 0 , 2024 (Unaudited) and December 31, 2023 7 Condensed Consolidated Statements of Changes in Stockholders' Equity for the Three and Six Months Ended June 3 0 , 2024 and 2023 (Unaudited) 8 Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 3 0 , 2024 and 2023 (Unaudited) 10 Notes to the Condensed Consolidated Financial Statements (Unaudited) 11 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 33 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 56 Item 4.
Controls and Procedures
Controls and Procedures 56
OTHER INFORMATION
PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 57 Item 1A.
Risk Factors
Risk Factors 57 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 57 Item 3. Defaults Upon Senior Securities 57 Item 4. Mine Safety Disclosures 57 Item 5. Other Information 57 Item 6. Exhibits 57 SIGNATURE 58 2 Table of Contents CERTAIN DEFINITIONS Unless otherwise noted, throughout this report, the terms "Urban One," the "Company," "we," "our" and "us" refer to Urban One, Inc. together with its subsidiaries. Cautionary Note Regarding Forward-Looking Statements Our disclosure and analysis in this quarterly report on Form 10-Q concerning our operations, cash flows and financial position, contain forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements do not relay historical facts, but rather reflect our current expectations concerning future operations, results and events. All statements other than statements of historical fact are "forward-looking statements" including any projections of earnings, revenues or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements concerning proposed new activities, services or developments; any statements regarding future economic conditions or performance; any statements of belief; and any statements of assumptions underlying any of the foregoing. Forward-looking statements often contain words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "likely," "may," "estimates" and variations of such words or similar expressions. You can also identify a forward-looking statement in that such statements discuss matters in a way that anticipates operations, results or events that have not already occurred but rather will or may occur in future periods. We cannot guarantee that we will achieve any forward-looking plans, intentions, results, operations or expectations