Company: UONE
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001041657-25-000054
Chunk: 19

Company: URBAN ONE, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
Chunk 19
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2,830)$(31,798)$(92,474)$(69,736)Add back/(deduct) certain Adjusted EBITDA items included in net loss:Interest and investment income(512)(1,088)(2,094)(4,863)Interest expense9,448 11,649 30,076 37,051 Benefit from income taxes(1,121)(1,814)(6,845)(17,824)Depreciation and amortization6,104 1,238 11,942 6,081 EBITDA$11,089 $(21,813)$(59,395)$(49,291)Stock-based compensation365 1,152 1,615 3,615 Gain on retirement of debt(2,125)(3,472)(44,009)(18,771)Other income, net(359)(74)(675)(974)Loss from unconsolidated joint venture— — — 411 Net income (loss) attributable to non-controlling interests9 400 (55)976 Corporate costs(a)524 1,385 1,633 10,232 Litigation settlement costs(b)3,078 — 3,078 — Severance-related costs1,620 251 1,839 831 Impairment of goodwill and intangible assets— 46,823 136,521 127,581 Loss from ceased non-core business initiatives(c)— 762 466 1,983 Adjusted EBITDA$14,201 $25,414 $41,018 $76,593 

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(a) Corporate costs primarily include professional fees related to the material weakness remediation efforts.

(b) Non-recurring litigation settlement costs include a $3.1 million charge related to the rate increase for royalties for historical periods (see Note 13 - Commitments and Contingencies).

(c) In 2024, we made an immaterial change to the definition of Adjusted EBITDA by adding back the loss from ceased non-core operations. All historical periods were recast to reflect this immaterial change.

LIQUIDITY AND CAPITAL RESOURCES 

Our primary source of liquidity is cash provided by operations and, to the extent necessary, borrowings available under our asset-backed credit facility. Our cash, cash equivalents and restricted cash balance was approximately $79.8 million as of September 30,