BUZZ-Super Micro jumps after filing long-delayed annual, quarterly reports

Reuters

Feb 26, 2025

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%

(Reporting by Kritika Lamba in Bengaluru)

((Kritika.Lamba@thomsonreuters.com))

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