Company: UONE
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001041657-25-000013
Chunk: 135

Company: URBAN ONE, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 8
Chunk 135
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 EQUITY:Convertible preferred stock, $.001 par value, 1,000,000 shares authorized; no shares outstanding at December 31, 2024 and 2023— — Common stock — Class A, $.001 par value, 30,000,000 shares authorized, 7,911,622 shares issued, and 7,002,728 shares outstanding at December 31, 2024 and 9,853,672 shares issued and outstanding at December 31, 20238 10 

F-4

Common stock — Class B, $.001 par value, 150,000,000 shares authorized; 2,861,843 shares issued and outstanding at December 31, 2024 and 2023, respectively3 3 Common stock — Class C, $.001 par value, 150,000,000 shares authorized; 2,045,016 shares issued and outstanding at December 31, 2024 and 2023, respectively2 2 Common stock — Class D, $.001 par value, 150,000,000 shares authorized; 34,148,922 and 34,116,485 shares issued and outstanding at December 31, 2024 and 2023, respectively35 34 Treasury Stock, at cost — 908,894 and no shares at December 31, 2024 and 2023, respectively(1,345)— Additional paid-in capital1,011,007 1,007,387 Accumulated deficit(838,765)(733,371)Total stockholders’ equity170,945 274,065 Total liabilities, redeemable non-controlling interests and stockholders’ equity$944,790 $1,211,173 

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

F-5

URBAN ONE, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except share and per share data)

Years Ended December 31,20242023NET REVENUE$449,674 $477,690 OPERATING EXPENSES:Programming and technical, including stock-based compensation of $103, and $139, respectively135,338 137,023 Selling, general and administrative, including stock-based compensation of $750 and $1,129, respectively175,008 173,569 Corporate selling, general and administrative, including stock-based compensation