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Super Micro Computer (NASDAQ:SMCI) has received an extension from Nasdaq until February 25, 2025 to file its delayed financial reports. The extension covers the Annual Report on Form 10-K for fiscal year ended June 30, 2024, and Quarterly Report on Form 10-Q for the period ended September 30, 2024. SMCI’s common stock will continue trading on the Nasdaq Global Select Market during this exception period, provided the company files all required reports by the deadline and maintains compliance with other listing rules. The company has expressed confidence in meeting the February 25, 2025 deadline.
Super Micro Computer (NASDAQ:SMCI) ha ricevuto una proroga dalla Nasdaq fino al 25 febbraio 2025 per presentare i suoi rapporti finanziari in ritardo. La proroga riguarda il Rapporto Annuale in forma 10-K per l’anno fiscale conclusosi il 30 giugno 2024, e il Rapporto Trimestrale in forma 10-Q per il periodo conclusosi il 30 settembre 2024. Le azioni comuni di SMCI continueranno a essere scambiate sul Nasdaq Global Select Market durante questo periodo di eccezione, a condizione che l’azienda presenti tutti i rapporti richiesti entro la scadenza e mantenga la conformità con le altre regole di quotazione. L’azienda ha espresso fiducia nel rispettare la scadenza del 25 febbraio 2025.
Super Micro Computer (NASDAQ:SMCI) ha recibido una extensión de la Nasdaq hasta el 25 de febrero de 2025 para presentar sus informes financieros atrasados. La extensión cubre el Informe Anual en forma 10-K para el año fiscal que terminó el 30 de junio de 2024, y el Informe Trimestral en forma 10-Q para el período que terminó el 30 de septiembre de 2024. Las acciones comunes de SMCI continuarán cotizando en el Nasdaq Global Select Market durante este período de excepción, siempre que la empresa presente todos los informes requeridos antes de la fecha límite y mantenga el cumplimiento con otras normas de cotización. La empresa ha expresado confianza en cumplir con la fecha límite del 25 de febrero de 2025.
Super Micro Computer (NASDAQ:SMCI)는 2025년 2월 25일까지 지연된 재무 보고서를 제출할 수 있도록 Nasdaq으로부터 연장을 받았습니다. 이 연장은 2024년 6월 30일에 종료된 회계연도의 10-K 양식 연례 보고서와 2024년 9월 30일에 종료된 기간에 대한 10-Q 양식 분기 보고서를 포함합니다. SMCI의 보통주는 이 예외 기간 동안 Nasdaq Global Select Market에서 계속 거래될 것이며, 회사가 모든 필수 보고서를 기한 내에 제출하고 기타 상장 규정을 준수하는 한 가능합니다. 회사는 2025년 2월 25일 기한을 준수할 수 있다는 확신을 표명했습니다.
Super Micro Computer (NASDAQ:SMCI) a reçu une prolongation de la Nasdaq jusqu’au 25 février 2025 pour soumettre ses rapports financiers en retard. La prolongation concerne le Rapport Annuel sur le Formulaire 10-K pour l’exercice clos le 30 juin 2024, et le Rapport Trimestriel sur le Formulaire 10-Q pour la période close le 30 septembre 2024. Les actions ordinaires de SMCI continueront d’être échangées sur le Nasdaq Global Select Market pendant cette période d’exception, à condition que la société soumette tous les rapports requis avant la date limite et respecte les autres règles d’inscription. L’entreprise a exprimé sa confiance quant à sa capacité à respecter l’échéance du 25 février 2025.
Super Micro Computer (NASDAQ:SMCI) hat von der Nasdaq eine Fristverlängerung bis zum 25. Februar 2025 erhalten, um seine verspäteten Finanzberichte einzureichen. Die Verlängerung betrifft den Jahresbericht in Form 10-K für das am 30. Juni 2024 endende Geschäftsjahr sowie den Quartalsbericht in Form 10-Q für den Zeitraum, der am 30. September 2024 endet. Die Stammaktien von SMCI werden während dieses Ausnahmezeitraums weiterhin an der Nasdaq Global Select Market gehandelt, vorausgesetzt, das Unternehmen reicht alle erforderlichen Berichte bis zur Frist ein und erfüllt die anderen Zulassungsregeln. Das Unternehmen hat Vertrauen in die Einhaltung der Frist am 25. Februar 2025 geäußert.
Positive
- Stock continues to trade on Nasdaq during extension period
- Company granted additional time to meet filing requirements
- Management expects to meet February 2025 deadline
Negative
- Delayed filing of important financial reports (10-K and 10-Q)
- Risk of potential delisting if deadline is not met
- Extended period of financial reporting uncertainty
Insights
The Nasdaq extension for SMCI to file delayed financial reports is a significant concern that warrants careful attention. The delay in filing both annual and quarterly reports creates uncertainty around the company’s financial position during a critical growth period in the AI infrastructure market. While SMCI maintains its listing status through the extension period, such delays often signal potential accounting complexities or internal control issues that require additional scrutiny.
The February 2025 deadline provides breathing room, but the extended delay in financial reporting could impact investor confidence and potentially affect the company’s ability to raise capital or maintain business relationships. The situation is particularly noteworthy given SMCI’s recent growth trajectory and its position as a key player in the AI server market. The lack of current financial data makes it challenging for investors to accurately assess the company’s performance and valuation.
This regulatory filing extension represents a material development in SMCI’s compliance status. The Nasdaq’s decision to grant an extension until February 25, 2025, while maintaining the company’s listing status, indicates a balanced approach to addressing the reporting delays. However, the multiple missing filings (10-K and 10-Q) raise questions about the complexity of the underlying issues causing these delays.
The conditional nature of the extension creates a clear compliance framework – SMCI must file all required reports by the deadline to maintain its listing status. This structured approach provides transparency for stakeholders while ensuring accountability. The situation requires ongoing monitoring as failure to meet the extended deadline could result in more severe consequences, including potential delisting proceedings.
SAN JOSE, Calif.–(BUSINESS WIRE)– Super Micro Computer, Inc. (NASDAQ:SMCI) (“SMCI” or the “Company”), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, today announced that on December 6, 2024, it received a letter from the Nasdaq Stock Market (“Nasdaq”) informing the Company that Nasdaq has granted the Company’s request for an exception to Nasdaq’s Listing Rule 5250(c)(1) through February 25, 2025. The exception gives the Company until February 25, 2025 to file its Annual Report on Form 10-K for the fiscal year ended June 30, 2024, 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 the exception period. If the Company files all the required reports by February 25, 2025, the common stock will remain listed, so long as the Company remains in compliance with Nasdaq’s listing rules.
The Company currently expects to file all the required reports by February 25, 2025.
Cautionary Statement Regarding Forward Looking Statements
Statements contained in this press release that are not historical fact may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may relate, among other things, to the Company’s expectation that it will file all required reports by February 25, 2025. Such forward-looking statements do not constitute guarantees of future performance and are subject to a variety of risks and uncertainties that could cause our actual results to differ materially from those anticipated. Additional factors that could cause actual results to differ materially from those projected or suggested in any forward-looking statements are contained in our filings with the Securities and Exchange Commission, including those factors discussed under the caption “Risk Factors” in such filings.
About Super Micro Computer, Inc.
Supermicro (NASDAQ: SMCI) is a global leader in Application-Optimized Total IT Solutions. Founded and operating in San Jose, California, Supermicro is committed to delivering first to market innovation for Enterprise, Cloud, AI, and 5G Telco/Edge IT Infrastructure. We are a Total IT Solutions Provider with server, AI, storage, IoT, switch systems, software, and support services. Supermicro’s motherboard, power, and chassis design expertise further enable our development and production, enabling next generation innovation from cloud to edge for our global customers. Our products are designed and manufactured in-house (in the US, Taiwan, and the Netherlands), leveraging global operations for scale and efficiency and optimized to improve TCO and reduce environmental impact (Green Computing). The award-winning portfolio of Server Building Block Solutions® allows customers to optimize for their exact workload and application by selecting from a broad family of systems built from our flexible and reusable building blocks that support a comprehensive set of form factors, processors, memory, GPUs, storage, networking, power, and cooling solutions (air-conditioned, free air cooling or liquid cooling).
Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241206650505/en/
Investor Relations Contact:
Nicole Noutsios
email: ir@supermicro.com
Source: Super Micro Computer, Inc.
FAQ
What extension did Nasdaq grant SMCI for filing financial reports?
Nasdaq granted SMCI an extension until February 25, 2025, to file its Annual Report (10-K) for FY2024 and Quarterly Report (10-Q) for Q1 2025.
Will SMCI stock continue trading during the Nasdaq extension period?
Yes, SMCI’s common stock will continue trading on the Nasdaq Global Select Market during the extension period through February 25, 2025.
What happens if SMCI fails to file reports by February 25, 2025?
If SMCI fails to file the required reports by February 25, 2025, it risks potential delisting from the Nasdaq Global Select Market.
