Urban One Files Q3 2024 10-Q
Ticker: UONEK · Form: 10-Q · Filed: Nov 12, 2024 · CIK: 1041657
| Field | Detail |
|---|---|
| Company | Urban One, Inc. (UONEK) |
| Form Type | 10-Q |
| Filed Date | Nov 12, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, broadcasting
TL;DR
Urban One's Q3 2024 10-Q is in. Check financials.
AI Summary
Urban One, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter. Key financial figures and segment performance are presented, reflecting the company's ongoing business activities in radio broadcasting and digital media.
Why It Matters
This filing provides investors and analysts with the latest financial results and operational details for Urban One, Inc., crucial for understanding the company's current performance and future outlook.
Risk Assessment
Risk Level: medium — As a publicly traded company, Urban One, Inc. is subject to market fluctuations and industry-specific risks inherent in the media and broadcasting sector.
Key Players & Entities
- URBAN ONE, INC. (company) — Filer
- 20240930 (date) — Period of Report
- 20241112 (date) — Filing Date
- RADIO ONE, INC. (company) — Former Company Name
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the nine months ended September 30, 2024.
What was Urban One, Inc.'s former company name?
Urban One, Inc.'s former company name was RADIO ONE, INC.
When was the company's name changed from RADIO ONE, INC.?
The company's name was changed from RADIO ONE, INC. on December 3, 2009.
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: 4,750 words · 19 min read · ~16 pages · Grade level 20 · Accepted 2024-11-12 17:20:44
Filing Documents
- uone-20240930.htm (10-Q) — 1997KB
- uone-20240930xexx311.htm (EX-31.1) — 10KB
- uone-20240930xexx312.htm (EX-31.2) — 10KB
- uone-20240930xexx321.htm (EX-32.1) — 5KB
- uone-20240930xexx322.htm (EX-32.2) — 5KB
- uone-20240930_g1.jpg (GRAPHIC) — 7KB
- 0001041657-24-000020.txt ( ) — 9791KB
- uone-20240930.xsd (EX-101.SCH) — 71KB
- uone-20240930_cal.xml (EX-101.CAL) — 76KB
- uone-20240930_def.xml (EX-101.DEF) — 374KB
- uone-20240930_lab.xml (EX-101.LAB) — 803KB
- uone-20240930_pre.xml (EX-101.PRE) — 578KB
- uone-20240930_htm.xml (XML) — 1488KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION Page Item 1. Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2024 and 2023 (Unaudited) 4 Condensed Consolidated Statements of Comprehensive (Loss) Income for the Three and Nine Months Ended September 30, 2024 and 2023 (Unaudited) 5 Condensed Consolidated Balance Sheets as of Sep tember 30, 2024 (Unaudited) and December 31, 2023 6 Condensed Consolidated Statements of Changes in Stockholders' Equity for the Three and Nine Months Ended September 30, 2024 and 2023 (Unaudited) 7 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 (Unaudited) 11 Notes to the Condensed Consolidated Financial Statements (Unaudited) 12 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 37 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 61 Item 4.
Controls and Procedures
Controls and Procedures 61
OTHER INFORMATION
PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 63 Item 1A.
Risk Factors
Risk Factors 63 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 64 Item 3. Defaults Upon Senior Securities 64 Item 4. Mine Safety Disclosures 64 Item 5. Other Information 65 Item 6. Exhibits 65 SIGNATURE 66 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.