BUZZ-Super Micro jumps after filing long-delayed annual, quarterly reports
Super Micro Computer's SMCI.O shares rise 22% to $53.2 in extended trading
SMCI files its annual report for the fiscal year ended June 30, 2024, as well as its first- and second-quarter reports of fiscal 2025
"With these filings, all outstanding financial statements are now filed with no restatements of previously filed financial statements, and the company has regained compliance with the NASDAQ filing requirements" — SMCI
The company in late August delayed the filing of its annual report, citing a need to assess "its internal controls over financial reporting," after Hindenburg Research disclosed a short position and made claims of "accounting manipulation"
SMCI was removed from the Nasdaq-100 Index NDX in December, after receiving an extension, till February 25, to file its delayed annual and quarterly reports, after failing to submit them by the August deadline
In 2024, SMCI's stock rose 7.2%
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