PodcastOne Files Q3 2024 10-Q
Ticker: PODC · Form: 10-Q · Filed: Nov 14, 2024 · CIK: 1940177
Sentiment: neutral
Topics: 10-Q, financials, podcast
TL;DR
PodcastOne dropped its Q3 10-Q. Check financials.
AI Summary
PodcastOne, Inc. filed its 10-Q for the period ending September 30, 2024. The company reported financial results for the third quarter and the first nine months of 2024. 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 updates for PodcastOne, Inc., crucial for understanding the company's current standing and future prospects.
Risk Assessment
Risk Level: medium — The filing contains standard financial disclosures for a public company, but the specific financial health and market position of PodcastOne, Inc. would require further analysis beyond this summary.
Key Numbers
- 100,000,000 — Authorized Shares (Represents the total number of shares the company is authorized to issue.)
- 24,404,187 — Outstanding Shares (Indicates the number of shares currently held by investors.)
- 23,608,049 — Treasury Shares (Shares repurchased by the company.)
Key Players & Entities
- PodcastOne, Inc. (company) — Filer of the 10-Q
- 2024-09-30 (date) — End of the reporting period
- 2024-11-14 (date) — Filing date
- 310-858-0888 (phone_number) — Company business phone number
FAQ
What were PodcastOne's total revenues for the three months ended September 30, 2024?
The filing does not explicitly state the total revenues for the three months ended September 30, 2024, in the provided snippet. Further details within the full 10-Q document are needed.
What is the company's fiscal year end?
PodcastOne, Inc.'s fiscal year ends on March 31.
When was PodcastOne, Inc. formerly known as Courtside Group, Inc.?
The company was formerly known as Courtside Group, Inc. on July 29, 2022, and again on July 27, 2022.
What is the company's primary business address?
The company's business address is 345 NORTH MAPLE DRIVE, SUITE 295, BEVERLY HILLS, CA 90210.
What is the SEC file number for PodcastOne, Inc.?
The SEC file number for PodcastOne, Inc. is 001-41795.
Filing Stats: 4,503 words · 18 min read · ~15 pages · Grade level 16.4 · Accepted 2024-11-14 17:22:56
Key Financial Figures
- $0.00001 — nge on which registered Common stock, $0.00001 par value per share PODC The NASDAQ Cap
Filing Documents
- podc20240930c_10q.htm (10-Q) — 1199KB
- ex_721773.htm (EX-31.1) — 12KB
- ex_721774.htm (EX-31.2) — 12KB
- ex_721775.htm (EX-32.1) — 5KB
- ex_721776.htm (EX-32.2) — 5KB
- 0001437749-24-035387.txt ( ) — 5168KB
- podc-20240930.xsd (EX-101.SCH) — 44KB
- podc-20240930_cal.xml (EX-101.CAL) — 32KB
- podc-20240930_def.xml (EX-101.DEF) — 325KB
- podc-20240930_lab.xml (EX-101.LAB) — 295KB
- podc-20240930_pre.xml (EX-101.PRE) — 351KB
- podc20240930c_10q_htm.xml (XML) — 601KB
— FINANCIAL INFORMATION
PART I — FINANCIAL INFORMATION F-1 Item 1.
Financial Statements
Financial Statements F-1 Item 2. Management ' s Discussion and Analysis of Financial Condition and Results of Operations 1 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 16 Item 4.
Controls and Procedures
Controls and Procedures 16
— OTHER INFORMATION
PART II — OTHER INFORMATION 18 Item 1.
Legal Proceedings
Legal Proceedings 18 Item 1A.
Risk Factors
Risk Factors 18 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 21 Item 3. Defaults Upon Senior Securities 22 Item 4. Mine Safety Disclosures 22 Item 5. Other Information 22 Item 6. Exhibits 23
Signatures
Signatures 24 i Table of Contents
— FINANCIAL INFORMATION
PART I — FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements. Page Condensed Consolidated Balance Sheets as of September 30, 2024 (unaudited) and March 31, 2024 F-2 Condensed Consolidated Statements of Operations for the three and six months ended September 30, 2024 and 2023 (unaudited) F-3 Condensed Consolidated Statement of Stockholders ' Equity for the six months ended September 30, 2024 and 2023 (unaudited) F-4 Condensed Consolidated Statements of Cash Flows for the six months ended September 30, 2024 and 2023 (unaudited) F-5 Notes to the Condensed Consolidated Financial Statements (unaudited) F-6 – F-21 F-1 Table of Contents PODCASTONE, INC. Condensed Consolidated Balance Sheets (Unaudited, in thousands, except share and per share amounts) September 30, March 31, 2024 2024 (Unaudited) (Audited) Assets Current Assets Cash and cash equivalents $ 1,355 $ 1,445 Accounts receivable, net 6,324 6,023 Prepaid expense and other current assets 661 1,105 Total Current Assets 8,340 8,573 Property and equipment, net 311 309 Goodwill 12,041 12,041 Intangible assets, net 2,146 3,145 Related party receivable 281 57 Total Assets $ 23,119 $ 24,125 Liabilities and Stockholders' Equity Current Liabilities Accounts payable and accrued liabilities $ 6,658 $ 7,383 Related party payable 936 315 Total Current Liabilities 7,594 7,698 Other long-term liabilities 46 86 Total Liabilities 7,640 7,784 Commitments and Contingencies Stockholders' Equity Common stock, $ 0.00001 par value; 100,000,000 shares authorized; 24,404,187 and 23,608,049 shares issued and outstanding as of September 30, 2024 and March 31, 2024, respectively - - Additional paid in capital 48,125 45,952 Accumulated deficit ( 32,646 ) ( 29,611 ) Total stockholders' equity 15,479 16,341 Total Liabilities and Stockholders' Equity $ 23,119 $ 24,125 The accompanying notes are an integral part of these condensed consolidated financial statemen