PodcastOne Files 8-K on Financials and Operations
Ticker: PODC · Form: 8-K · Filed: Apr 24, 2024 · CIK: 1940177
Sentiment: neutral
Topics: financial-reporting, company-update
TL;DR
PodcastOne dropped an 8-K detailing financials and operations. Formerly Courtside Group.
AI Summary
PodcastOne, Inc. filed an 8-K on April 24, 2024, to report on its results of operations and financial condition, as well as to provide Regulation FD disclosures. The filing also includes financial statements and exhibits. The company was formerly known as Courtside Group, Inc. before changing its name on July 29, 2022.
Why It Matters
This filing provides investors with crucial updates on PodcastOne's financial performance and operational status, impacting their investment decisions.
Risk Assessment
Risk Level: low — This is a routine 8-K filing for financial and operational updates, not indicating any immediate or significant new risks.
Key Players & Entities
- PodcastOne, Inc. (company) — Registrant
- Courtside Group, Inc. (company) — Former company name
- April 24, 2024 (date) — Date of report
- July 29, 2022 (date) — Date of name change
FAQ
What specific financial information is being disclosed in this 8-K filing?
The filing indicates it pertains to 'Results of Operations and Financial Condition' and includes 'Financial Statements and Exhibits', though the specific details of these are not provided in the header.
When did PodcastOne, Inc. change its name from Courtside Group, Inc.?
PodcastOne, Inc. changed its name from Courtside Group, Inc. on July 29, 2022.
What is the primary purpose of this 8-K filing?
The primary purpose is to report on the company's results of operations and financial condition, provide Regulation FD disclosures, and include financial statements and exhibits.
What is PodcastOne, Inc.'s state of incorporation?
PodcastOne, Inc. is incorporated in Delaware.
What is the business address of PodcastOne, Inc.?
The business address is 269 South Beverly Drive, Suite 1450, Beverly Hills, CA 90212.
Filing Stats: 936 words · 4 min read · ~3 pages · Grade level 11.7 · Accepted 2024-04-24 16:30:21
Key Financial Figures
- $0.00001 — nge on which registered Common stock, $0.00001 par value per share PODC The NASDAQ
Filing Documents
- ea0204598-8k_podcast.htm (8-K) — 31KB
- ea020459801ex99-1_podcast.htm (EX-99.1) — 20KB
- 0001213900-24-035813.txt ( ) — 232KB
- podc-20240424.xsd (EX-101.SCH) — 3KB
- podc-20240424_lab.xml (EX-101.LAB) — 33KB
- podc-20240424_pre.xml (EX-101.PRE) — 22KB
- ea0204598-8k_podcast_htm.xml (XML) — 4KB
02 Results of Operations and Financial
Item 2.02 Results of Operations and Financial Condition. On April 24, 2024, PodcastOne, Inc. (the "Company") issued a press release announcing certain preliminary financial results for its fiscal quarter and fiscal year ended March 31, 2024 and certain other updates. A copy of the press release is attached hereto as Exhibit 99.1. The Company is in the process of finalizing its results for its fiscal quarter and fiscal year ended March 31, 2024. Such press release contains certain estimated preliminary unaudited financial results for the fiscal quarter and fiscal year ended March 31, 2024, which are based only on currently available information as of the date hereof. These results are preliminary and subject to change. The Company's financial closing procedures for the fiscal quarter and fiscal year ended March 31, 2024 are not yet complete and, as a result, its final results upon completion of its closing procedures may vary from the estimated select preliminary unaudited results set forth in such press release. In addition, certain statements set forth in such press release are forward-looking statements. See "Risk Factors," "Forward-Looking Statements" and the Company's financial statements and related notes included in its Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q for additional information regarding factors that could result in differences between the preliminary estimated financial results that are presented in such press release and the actual financial results the Company will report. These estimates should not be viewed as a substitute for the Company's full financial statements prepared in accordance with generally accepted accounting principles ("GAAP"). Accordingly, you should not place undue reliance on these preliminary unaudited results. Additionally, the estimates reported in such press release include the presentation of EBITDA, which is a non-GAAP financial measure. In addition to reporting the Company's financial informa
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. The information described under Item 2.02 above is incorporated by reference in this Item 7.01.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 99.1* Press release, dated April 24, 2024. 104* Cover Page Interactive Data File (embedded within the Inline XBRL document) * Furnished herewith. 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PODCASTONE, INC. Dated: April 24, 2024 By: /s/ Aaron Sullivan Name: Aaron Sullivan Title: Chief Financial Officer 2