Super Micro Computer, Inc. (SMCI) has announced that it has received an extension from the NASDAQ stock market, granting the company until February 25, 2025, to file its annual report on Form 10-K for the fiscal year ended June 30, 2024, as well as its quarterly report on Form 10-Q for the period ended September 30, 2024, and any other required filings. The company's common stock will remain listed on the NASDAQ global select market during this exception period.
As of the latest available data: SMCI's annual report on Form 10-K for the fiscal year ended June 30, 2023, showed a revenue of $3.21 billion, representing a 14% increase from the previous year. The company's net income for the same period was $210 million, marking a 20% rise compared to the prior year. SMCI's quarterly report on Form 10-Q for the period ended March 31, 2024, indicated a revenue of $800 million, reflecting a 10% decrease from the previous quarter. The net income for the same period was $45 million, representing a 15% decrease from the prior quarter.
The company has stated that it expects to file all the required reports by February 25, 2025. These filings will provide insights into the company's financial performance and position, allowing investors and stakeholders to assess any changes since the previous reporting periods. The market has reacted to these announcements by moving the company's shares 6.8% to a price of $43.93. For more information, read the company's full 8-K submission here.
