Company: UONE
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001041657-25-000054
Chunk: 56

Company: URBAN ONE, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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798)Stock-based compensation expense(1)— — — 1,152 — 1,151 Repurchase of Class A common stock— — — — (2,041)— (2,041)Repurchase of Class D common stock— — — — (788)— (788)Settlement of stock-based compensation liability— — — — 30 — 30 Adjustment of redeemable non-controlling interests to estimated redemption value— — — — (1,165)— (1,165)BALANCE, as of September 30, 2024$8 $3 $2 $35 $1,007,823 $(803,107)$204,764 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

8

URBAN ONE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

Nine Months EndedSeptember 30,20252024OPERATING ACTIVITIES  Net loss$(92,529)$(68,760)Adjustments to reconcile net loss to net cash from operating activities:Bad debt expense (recovery)2,638 (333)Depreciation and amortization11,942 6,081 Amortization of debt financing costs1,286 1,394 Amortization of launch assets2,683 3,735 Amortization of content assets30,987 34,869 Deferred income taxes(7,559)(17,824)Impairment of goodwill and intangible assets136,521 127,581 Stock-based compensation expense1,615 3,615 Gain on retirement of debt(44,009)(18,771)Non-cash fair value adjustment of Employment Agreement Award1,571 (7,307)Other182 (273)Effect of change in operating assets and liabilities, net of assets acquired:  Trade accounts receivable, net17,413 14,730 Prepaid expenses and other current assets(3,354)4,905 Other assets(416)(5,153)Content assets and payables(29,793)(50,611)Accounts payable(4,782)(4,071)Accrued interest(11,967)(14,908)Accrued compensation and