BUZZ-Super Micro surges after co files long-delayed annual, quarterly reports
Updates
Shares of AI server maker Super Micro Computer SMCI.O soar 25.2% to $57.09 premarket
The AI darling files its long-delayed annual report for the fiscal year ended June 30, 2024, and its first and second quarter reports for 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
SMCI was removed from the tech-heavy Nasdaq-100 .NDX Index in December and later received extension until February 25, to file its delayed annual and quarterly reports, as it had failed to submit them by the August deadline
Co 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"
As of last close, SMCI gained about 50% YTD
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