The July 12 change of Urban One’s independent registered public accounting firm from BDO to EY, a decision prompted by the company’s discovery of “immaterial errors” in its accounting for its stock-based compensation and its investment in the operations of its now-scuttled Richmond casino joint venture, meant the nation’s foremost home for African American-centric audio and video content had to re-compute its financial results for 2023.
As of last week, there was no sign of when any would come, with a SEC filing indicating that its Q3 2023 results would be delayed indefinitely.
On Monday, the long-awaited results for the first half of 2023 were supplied to the regulatory body, along with an expected arrival of the Q3 results.
And, Q2 looks particularly good for Urban One.
