Company: UONE
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001041657-25-000013
Chunk: 136

Company: URBAN ONE, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 8
Chunk 136
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 of $4,863 and $8,707, respectively55,442 62,290 Depreciation and amortization7,716 7,101 Impairment of goodwill and intangible assets151,755 129,278 Total operating expenses525,259 509,261 Operating loss(75,585)(31,571)INTEREST AND INVESTMENT INCOME5,980 6,967 INTEREST EXPENSE48,571 56,196 GAIN ON RETIREMENT OF DEBT23,271 2,356 OTHER INCOME, NET896 96,084 (Loss) income from consolidated operations before provision for income taxes(94,009)17,640 PROVISION FOR INCOME TAXES9,759 7,944 NET (LOSS) INCOME FROM CONSOLIDATED OPERATIONS(103,768)9,696 LOSS FROM UNCONSOLIDATED JOINT VENTURE(411)(5,131)NET (LOSS) INCOME(104,179)4,565 NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS1,215 2,515 NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS$(105,394)$2,050 NET (LOSS) INCOME TO COMMON STOCKHOLDERS (per share)Basic$(2.22)$0.04 Diluted$(2.22)$0.04 WEIGHTED-AVERAGE SHARES OUTSTANDING:Basic47,402,86947,645,678Diluted47,402,86950,243,810

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

F-6

URBAN ONE, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME 

(in thousands)

Years Ended December 31,20242023NET (LOSS) INCOME$(104,179)$4,565 OTHER COMPREHENSIVE LOSS, BEFORE TAX:Reclassification adjustment for realized gain on available-for-sale securities included in net income— (96,826)Income tax provision related to reclassification for realized gain— 23,599 OTHER COMPREHENSIVE LOSS, NET OF TAX— (73,227)COMPREHENSIVE LOSS$(104,179)$(68,662)LESS: COMPREHENSIVE INCOME ATTRIBUTABLE TO NON-