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URBAN ONE, INC. REPORTS SECOND QUARTER 2026 RESULTS

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SILVER SPRING, Md., Aug. 4, 2026 /PRNewswire/ — Urban One, Inc. (NASDAQ: UONEK and UONE, referred to as, “Urban One,” the “Company”, “we”, “our” and/or “us”) today reported its results for the three months ended June 30, 2026. For the three months ended June 30, 2026, net revenue was approximately $85.8 million, a decrease of 6.4% from the same period in 2025. The Company reported operating loss of approximately $11.2 million for the three months ended June 30, 2026, compared to operating loss of approximately $120.7 million for the three months ended June 30, 2025. Broadcast and digital operating income(1) was approximately $22.2 million for the three months ended June 30, 2026, a decrease of $3.5 million from the same period in 2025. Net loss was approximately $7.1 million or $(1.58) per share (basic) for the three months ended June 30, 2026, compared to net loss of $77.9 million or $(17.41)(a) per share (basic) for the same period in 2025. Adjusted EBITDA(2) was approximately $11.7 million for the three months ended June 30, 2026, compared to approximately $14.0 million for the same period in 2025.

Alfred C. Liggins, III, Urban One’s CEO and President stated, “We saw some sequential improvement in the second quarter compared to the first quarter, with lower rates of revenue decline. Cable Television was down 7.4%, Digital was down 8.4%, Radio was down 3.9%, and Reach Media dropped by 10.6%. In Radio, our Miller Kaplan local Radio revenues were down 10.1% year-over-year vs. the market down 7.8%; and national was down 1.5% vs. the market down 4.6%. Including local digital, second quarter Radio revenue was down 4.9%. We did approximately $1.4 million in gross political advertising in the second quarter. Radio third quarter is pacing down 2.8%. We remain in a turnaround situation at Reach Media, where we continue to be impacted by a weak marketplace, key client attrition and sales team re-building. We continue to closely manage cash flows from operations, with concerted efforts to collect receivables and manage discretionary vendor spend. During the three months ended June 30, 2026, the Company repurchased approximately $23.5 million of its 2031 Second Lien Notes at a weighted average price of approximately 42.0% of par. Year-to-date, that is a total reduction in long-term debt of $60.2 million for an annual interest savings of $4.6 million and an increase in short-term debt of $10.0 million. During the quarter we completed the disposition of WLNK and WMXG in Charlotte. Our revised Adjusted EBITDA(2) guide for 2026 is now in the mid-fifty-million dollar range, given the realities of the current marketplace.”

Three Months Ended June 30, 

Six Months Ended June 30, 

2026

2025

2026

2025

(Unaudited)

(Unaudited)

CONSOLIDATED STATEMENTS OF
OPERATIONS

(In thousands, except share data)

(In thousands, except share data)

NET REVENUE

$        85,757

$      91,631

$       163,408

$        183,866

OPERATING EXPENSES

Programming and technical, excluding stock-based
compensation

29,774

28,647

59,779

59,245

Selling, general and administrative, excluding stock-
based compensation

45,201

49,493

88,684

99,598

Stock-based compensation

1,680

574

1,881

1,250

Depreciation and amortization

6,184

3,523

12,361

5,838

Impairment of goodwill, intangible assets and long-
lived assets

14,157

130,078

14,157

136,521

Total operating expenses

96,996

212,315

176,862

302,452

Operating loss

(11,239)

(120,684)

(13,454)

(118,586)

INTEREST AND INVESTMENT INCOME

—

616

8

1,582

INTEREST EXPENSE

(2,070)

(9,704)

(6,477)

(20,628)

GAIN ON SALE OF BUSINESS

4,671

—

4,671

—

GAIN ON RETIREMENT OF DEBT

—

30,297

2,080

41,884

OTHER (EXPENSE) INCOME, NET

(43)

124

(51)

316

Loss before benefit from income taxes

(8,681)

(99,351)

(13,223)

(95,432)

BENEFIT FROM INCOME TAXES

1,703

21,382

3,144

5,724

NET LOSS

(6,978)

(77,969)

(10,079)

(89,708)

NET INCOME (LOSS) ATTRIBUTABLE TO NON-
CONTROLLING INTERESTS

95

(67)

73

(64)

NET LOSS ATTRIBUTABLE TO COMMON
STOCKHOLDERS

$       (7,073)

$    (77,902)

$       (10,152)

$       (89,644)

Weighted-average shares outstanding – basic(3, a)

4,470,542

4,473,831

4,460,275

4,476,828

Weighted-average shares outstanding – diluted(4, a)

4,470,542

4,473,831

4,460,275

4,476,828

(a) Weighted-average shares outstanding used in the computation of basic and diluted net loss to common stockholders per share have been retroactively adjusted to reflect the 1-for-10 Reverse Stock Split that occurred on January 22, 2026.

Detailed segment data for the three and six months ended June 30, 2026 and 2025 is presented in the following tables:

Three Months Ended
June 30, 2026

(In thousands, unaudited)

Consolidated

Radio
Broadcasting

Reach Media

Digital

Cable
Television

Corporate/
Eliminations/
Other

NET REVENUE

$      85,757

$      35,276

$       4,754

$       9,397

$      37,121

$        (791)

Less/(add):

Programming and technical

29,774

10,910

3,203

3,127

12,704

(170)

Sales and marketing

24,982

11,641

1,905

5,858

5,913

(335)

General and administrative

20,219

6,724

673

514

4,299

8,009

Add back:

Severance-related costs

85

51

—

10

—

24

Other costs

856

236

—

—

—

620

Adjusted EBITDA(2)

$     11,723

$       6,288

$      (1,027)

$         (92)

$     14,205

$      (7,651)

 

Three Months Ended
June 30, 2025

(In thousands, unaudited)

Consolidated

Radio
Broadcasting

Reach Media

Digital

Cable
Television

Corporate/
Eliminations/
Other

NET REVENUE

$     91,631

$     36,693

$       5,315

$     10,254

$     40,070

$        (701)

Less/(add):

Programming and technical

28,647

9,993

3,178

3,267

12,372

(163)

Sales and marketing

28,310

13,389

3,053

6,572

5,831

(535)

General and administrative

21,183

6,373

735

561

3,811

9,703

Add back:

Other costs

469

—

—

—

—

469

Adjusted EBITDA(2)

$     13,960

$       6,938

$     (1,651)

$       (146)

$      18,056

$     (9,237)

 

Six Months Ended
June 30, 2026

(In thousands, unaudited)

Consolidated

Radio
Broadcasting

Reach Media

Digital

Cable
Television

Corporate/
Eliminations/
Other

NET REVENUE

$     163,408

$      65,811

$        9,614

$      16,185

$      73,154

$     (1,356)

Less/(add):

Programming and technical

59,779

22,516

6,286

6,168

25,150

(341)

Sales and marketing

48,798

22,159

3,546

10,486

13,317

(710)

General and administrative

39,886

13,365

1,409

1,001

7,538

16,573

Add back:

Severance-related costs

219

99

72

16

—

32

Other costs

1,215

237

—

—

—

978

Adjusted EBITDA(2)

$      16,379

$       8,107

$      (1,555)

$      (1,454)

$      27,149

$    (15,868)

 

Six Months Ended
June 30, 2025

(In thousands, unaudited)

Consolidated

Radio
Broadcasting

Reach Media

Digital

Cable
Television

Corporate/
Eliminations/
Other

NET REVENUE

$     183,866

$      69,303

$      11,168

$      20,466

$      84,263

$      (1,334)

Less/(add):

Programming and technical

59,245

21,286

6,546

6,454

25,281

(322)

Sales and marketing

57,386

24,935

5,178

13,359

14,927

(1,013)

General and administrative

42,212

13,423

1,761

745

7,406

18,877

Add back/(deduct):

Severance-related costs

219

77

114

3

(1)

26

Other costs

1,575

50

1

1

—

1,523

Adjusted EBITDA(2)

$      26,817

$       9,786

$      (2,202)

$         (88)

$      36,648

$    (17,327)

 

Three Months Ended June 30, 

Six Months Ended June 30, 

2026

2025

2026

2025

(Unaudited)

(Unaudited)

PER SHARE DATA – basic and diluted:

(In thousands, except per share
data)

(In thousands, except per share
data)

Net loss attributable to common stockholders (basic)(a)

$         (1.58)

$      (17.41)

$         (2.28)

$      (20.02)

Net loss attributable to common stockholders (diluted)(a)

$         (1.58)

$      (17.41)

$         (2.28)

$      (20.02)

Broadcast and digital operating income(1)

$       22,152

$      25,664

$       37,016

$     48,680

Broadcast and digital operating income(1) reconciliation:

Net loss attributable to common stockholders

$       (7,073)

$     (77,902)

$      (10,152)

$    (89,644)

Add back/(deduct) certain non-broadcast and digital
operating income items included in net loss:

Interest and investment income

—

(616)

(8)

(1,582)

Interest expense

2,070

9,704

6,477

20,628

Benefit from income taxes

(1,703)

(21,382)

(3,144)

(5,724)

Corporate selling, general and administrative
expenses(b)

11,370

12,173

22,071

23,657

Stock-based compensation

1,680

574

1,881

1,250

Gain on sale of business

(4,671)

—

(4,671)

—

Gain on retirement of debt

—

(30,297)

(2,080)

(41,884)

Other expense (income), net

43

(124)

51

(316)

Depreciation and amortization

6,184

3,523

12,361

5,838

Net income (loss) attributable to non-controlling
interests

95

(67)

73

(64)

Impairment of goodwill, intangible assets and long-
lived assets

14,157

130,078

14,157

136,521

Broadcast and digital operating income(1)

$        22,152

$       25,664

$        37,016

$      48,680

Adjusted EBITDA(2)

$        11,723

$       13,960

$        16,379

$      26,817

Adjusted EBITDA(2) reconciliation:

Net loss attributable to common stockholders

$        (7,073)

$     (77,902)

$      (10,152)

$    (89,644)

Interest and investment income

—

(616)

(8)

(1,582)

Interest expense

2,070

9,704

6,477

20,628

Benefit from income taxes

(1,703)

(21,382)

(3,144)

(5,724)

Depreciation and amortization

6,184

3,523

12,361

5,838

EBITDA(2)

(522)

(86,673)

5,534

(70,484)

Stock-based compensation

1,680

574

1,881

1,250

Gain on sale of business

(4,671)

—

(4,671)

—

Gain on retirement of debt

—

(30,297)

(2,080)

(41,884)

Other expense (income), net

43

(124)

51

(316)

Net income (loss) attributable to non-controlling
interests

95

(67)

73

(64)

Corporate costs(c)

856

362

1,215

1,109

Severance-related costs

85

—

219

219

Impairment of goodwill, intangible assets and long-
lived assets

14,157

130,078

14,157

136,521

Loss from ceased non-core businesses initiatives

—

107

—

466

Adjusted EBITDA(2)

$        11,723

$       13,960

$        16,379

$      26,817

(a)

Weighted-average shares outstanding used in the computation of basic and diluted net loss to common stockholders per share have been retroactively adjusted to reflect the 1-for-10 Reverse Stock Split that occurred on January 22, 2026.

(b)

Corporate selling, general and administrative expenses consist of expenses associated with our corporate headquarters and facilities, including personnel as well as other corporate overhead functions.

(c)

Corporate costs primarily include professional fees related to the material weakness remediation efforts as well as legal costs related to acquisition activities.

 

As of June 30, 2026

As of December 31, 2025

(In thousands)

SELECTED CONSOLIDATED BALANCE SHEET DATA:

Cash and cash equivalents and restricted cash

$               16,202

$               26,358

Intangible assets, net(a)

257,116

279,653

Total assets

551,512

592,994

Total long-term debt, net

399,298

429,742

Short-term borrowings under the asset-backed facility

20,000

10,000

Total liabilities

532,284

565,760

Total stockholders’ equity

16,313

24,603

Redeemable non-controlling interests(b)

—

2,631

Non-controlling interests(c)

2,915

—

(a)

Intangible assets, net include Goodwill, net, Radio Broadcasting Licenses, net, Other Intangible Assets, net, and Current Portion of Launch Assets, net.

(b)

On February 25, 2026, Reach Media closed on the Put Interest increasing the Company’s interest in Reach Media to 100.0%. Reach Media paid the last of the non-controlling interest shareholders approximately $1.3 million for the 5.4% interest.

(c)

Non-controlling interests represent the legal ownership of a radio station operated under a Local Programming and Marketing Agreement and Option Agreement under the variable interest entity guidance effective April 1, 2026.

 

As of June 30, 2026

As of December 31, 2025

(In thousands)

SELECTED LEVERAGE DATA:

10.500% First Lien Senior Secured Notes due 2030(a, c)

$                60,600

$                60,600

7.625% Second Lien Secured Notes due 2031(a, c)

235,113

291,020

7.375% senior secured notes due February 2028(b)

7,516

11,816

Total principal outstanding on long-term debt

303,229

363,436

Less: Unamortized debt issuance costs

(2,479)

(2,868)

Add: Premium(c)

98,548

69,174

Long-term debt, net

$              399,298

$              429,742

Short-term borrowings under the asset-backed facility

$                20,000

$                10,000

(a)

The 2030 First Lien Notes and 2031 Second Lien Notes pay interest semiannually on April 1 and October 1 of each year in arrears.

(b)

Subsequent to the effectiveness of the supplemental indenture on December 18, 2025, these notes are no longer secured. While these notes are styled as senior secured notes they are no longer secured by collateral. The 2028 Notes pay interest semiannually on February 1 and August 1 of each year in arrears.

(c)

The 2030 First Lien Notes and 2031 Second Lien Notes are accounted for under Accounting Standards Codification No. 470-60, Troubled Debt Restructurings by Debtors.

During the three months ended June 30, 2026, the Company repurchased approximately $23.5 million of its 2031 Second Lien Notes at a weighted average price of approximately 42.0% of par. As the 2031 Second Lien Notes are accounted under Accounting Standards Codification No. 470-60, Troubled Debt Restructurings by Debtors, no gain was recorded. Instead, the Company recorded an additional premium of $13.6 million, which is included in long-term debt, net on the Company’s consolidated balance sheets.

The Company made two additional draws of $5.0 million each for a total of $10.0 million in the second quarter of 2026, payable at an interest rate of approximately 6.75% and 6.01%. After giving effect to the outstanding $20.0 million drawdown and adjustments to account for the Borrowing Base, the Company’s borrowing capacity was approximately $26.1 million as of June 30, 2026.

The Company further made an additional draw of $7.0 million in the third quarter of 2026, payable at an interest rate of approximately 6.12%. The Company repaid the May 2026 draw of $5.0 million on August 2, 2026. After giving effect to the additional draw of $7.0 million, the $5.0 million repayment, and adjustments to account for the Borrowing Base, the Company’s borrowing capacity was approximately $24.1 million.

Dispositions and Acquisitions

In March 2026, the Company entered into agreements to sell its WMXG and WLNK-FM radio broadcasting licenses in Charlotte, North Carolina along with the associated station assets from the Radio Broadcasting segment to unrelated third parties for approximately $0.7 million and $4.2 million, respectively. FCC approval was obtained on May 13, 2026 for the WMXG station and on May 12, 2026 for the WLNK-FM station. The Company completed both sales on June 1, 2026 and recognized a gain of $4.7 million, which is included in Gain On Sale Of Business in the unaudited consolidated statement of operations for the three and six months ended June 30, 2026.

On April 28, 2026, the Company entered into an agreement to acquire Service Broadcasting Group, LLC, including radio stations KKDA and KRNB in Dallas, Texas for $22.0 million. At the same time, the Company also entered into an agreement to sell radio station KZMJ from the Radio Broadcasting segment to Fuzion Dallas, LLC for $6.0 million.

FCC approval was obtained on June 23, 2026 and the Company completed the sale of KZMJ on July 6, 2026. The Company recognized a gain of $3.2 million on the KZMJ disposition in the third quarter of 2026. FCC approval was obtained on June 26, 2026 for the Service Broadcasting Group, LLC acquisition and the acquisition was completed on July 17, 2026.

Cautionary Note Regarding Forward-Looking Statements

This press release includes 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. Forward-looking statements represent management’s current expectations and are based upon information available to Urban One at the time of this release. These forward-looking statements involve known and unknown risks, uncertainties, and other factors, some of which are beyond Urban One’s control, which may cause the actual results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially are described in Urban One’s reports on Forms 10-K, 10-Q, 8-K and other filings with the Securities and Exchange Commission (the “SEC”). Urban One does not undertake any duty to update any forward-looking statements.

For the three months ended June 30, 2026, we recognized approximately $85.8 million in net revenue compared to approximately $91.6 million during the three months ended June 30, 2025. These amounts are net of agency commissions. We recognized approximately $35.3 million of revenue from our Radio Broadcasting segment during the three months ended June 30, 2026, compared to approximately $36.7 million for the three months ended June 30, 2025, a decrease of approximately $1.4 million. This decrease was primarily driven by weaker overall market demand from the national and local advertisers. We recognized approximately $4.8 million of revenue from our Reach Media segment during the three months ended June 30, 2026, compared to approximately $5.3 million for the three months ended June 30, 2025, a decrease of approximately $0.5 million. This decrease was primarily driven by a decrease in syndicated revenue. We recognized approximately $9.4 million of revenue from our Digital segment during the three months ended June 30, 2026, compared to approximately $10.3 million during the three months ended June 30, 2025, a decrease of approximately $0.9 million. The decrease was primarily driven by the decrease in direct revenue streams, reflecting reduced advertising spend from diversity, equity and inclusion-focused campaigns. We recognized approximately $37.1 million of revenue from our Cable Television segment during the three months ended June 30, 2026, compared to approximately $40.1 million during the three months ended June 30, 2025, a decrease of approximately $3.0 million. The decrease was primarily driven by the churn of subscribers and lower advertising sales.

The following charts indicate the sources of our net revenues for the three and six months ended June 30, 2026:

Three Months Ended June 30, 

2026

2025

$ Change

% Change

(In thousands, unaudited)

Net revenue:

Radio advertising

$       34,732

$       38,627

$      (3,895)

(10.1) %

Political advertising

1,243

254

989

*NM

Digital advertising

9,386

10,241

(855)

(8.3) %

Cable Television advertising

20,773

22,977

(2,204)

(9.6) %

Cable Television affiliate fees

16,286

17,061

(775)

(4.5) %

Event revenues & other

3,337

2,471

866

35.0 %

Net revenue

$       85,757

$       91,631

$     (5,874)

(6.4) %

*NM – Not meaningful

 

Six Months Ended June 30, 

2026

2025

$ Change

% Change

(In thousands, unaudited)

Net revenue:

Radio advertising

$        66,856

$       74,844

$      (7,988)

(10.7) %

Political advertising

2,143

404

1,739

*NM

Digital advertising

16,170

20,452

(4,282)

(20.9) %

Cable Television advertising

39,868

48,402

(8,534)

(17.6) %

Cable Television affiliate fees

33,163

35,778

(2,615)

(7.3) %

Event revenues & other

5,208

3,986

1,222

30.7 %

Net revenue

$      163,408

$     183,866

$    (20,458)

(11.1) %

*NM – Not meaningful.

Operating expenses, excluding depreciation and amortization, stock-based compensation, and impairment of goodwill, intangible assets and long-lived assets, were approximately $75.0 million for the three months ended June 30, 2026, compared to approximately $78.1 million for the comparable period in 2025. Operating expenses were down by approximately 4.1%, driven mainly by revenue-related variable expenses such as media monitoring, traffic acquisition costs, bad debt reserve, as well as third-party professional fees.

Impairment of goodwill, intangible assets and long-lived assets was approximately $14.2 million for three months ended June 30, 2026, compared to $130.1 million for the three months ended June 30, 2025. The impairment loss of $14.2 million during the three months ended June 30, 2026 represents approximately $13.9 million goodwill impairment charge related to the Reach Media reporting unit and approximately $0.3 million impairment charge related to the long-lived asset of Reach Media.

Depreciation and amortization expense was approximately $6.2 million for the three months ended June 30, 2026, compared to approximately $3.5 million for the three months ended June 30, 2025, an increase of approximately $2.7 million. This increase is primarily driven by the Radio Broadcasting licenses amortization, which the Company started to amortize effective June 1, 2025.

Interest expense was approximately $2.1 million for the three months ended June 30, 2026, compared to approximately $9.7 million for the three months ended June 30, 2025, a decrease of approximately $7.6 million. This decrease was due to lower overall debt balances outstanding and lower effective interest rates. The Company recognizes interest expense using an effective interest rate of approximately 5.32% on the 2030 First Lien Notes, 0.15% on the 2031 Second Lien Notes, and 7.71% on the 2028 Notes for the three months ended June 30, 2026. The effective interest rates on the 2030 First Lien Notes and 2031 Second Lien Notes differ from the contractual interest payment primarily as a result of the accounting for these debt instruments under Accounting Standards Codification No. 470-60, Troubled Debt Restructurings by Debtors.

For the three months ended June 30, 2026, we recorded a benefit from income taxes of approximately $1.7 million on the pre-tax loss of approximately $8.7 million resulting in an actual effective tax rate of 19.6%. For the three months ended June 30, 2025, we recorded a benefit from income taxes of approximately $21.4 million on pre-tax loss of approximately $99.4 million resulting in an actual effective tax rate of 21.5%, which includes $6.4 million of discrete tax expense related to the change of accounting estimate for radio broadcasting licenses that impacted our valuation allowance.

Other pertinent financial information includes capital expenditures of approximately $1.7 million and $1.2 million for the three months ended June 30, 2026 and 2025, respectively. The increase in capital expenditure is driven by the build-out of a studio in the Indianapolis radio market.

Supplemental Financial Information:

For comparative purposes, the following more detailed statements of operations for the three and six months ended June 30, 2026 are included.

Three Months Ended June 30, 2026

(In thousands, unaudited)

Consolidated

Radio

Broadcasting

Reach

Media

Digital

Cable

Television

All Other –

Corporate/

Eliminations

NET REVENUE

$     85,757

$     35,276

$       4,754

$       9,397

$     37,121

$       (791)

OPERATING EXPENSES:

Programming and technical

29,774

10,910

3,203

3,127

12,704

(170)

Selling, general and
administrative

45,201

18,365

2,578

6,372

10,213

7,673

Stock-based compensation

1,680

44

13

25

781

817

Depreciation and amortization

6,184

4,919

23

379

674

189

Impairment of goodwill,
intangible assets and long-lived
assets

14,157

—

14,157

—

—

—

Total operating expenses

96,996

34,238

19,974

9,903

24,372

8,509

Operating (loss) income

(11,239)

1,038

(15,220)

(506)

12,749

(9,300)

INTEREST EXPENSE

(2,070)

(2)

—

—

—

(2,068)

GAIN ON SALE OF
BUSINESS

4,671

4,671

—

—

—

—

OTHER EXPENSE, NET

(43)

(43)

—

—

—

—

(Loss) income before benefit
from (provision for) income
taxes

(8,681)

5,664

(15,220)

(506)

12,749

(11,368)

BENEFIT FROM (PROVISION
FOR) INCOME TAXES

1,703

(1,513)

515

115

(2,790)

5,376

NET (LOSS) INCOME

(6,978)

4,151

(14,705)

(391)

9,959

(5,992)

NET INCOME
ATTRIBUTABLE TO NON-
CONTROLLING INTERESTS

95

95

—

—

—

—

NET (LOSS) INCOME
ATTRIBUTABLE TO
COMMON STOCKHOLDERS

(7,073)

4,056

(14,705)

(391)

9,959

(5,992)

Adjusted EBITDA(2)

$     11,723

$       6,288

$     (1,027)

$        (92)

$     14,205

$     (7,651)

 

Three Months Ended June 30, 2025

(In thousands, unaudited)

Consolidated

Radio

Broadcasting

Reach

Media

Digital

Cable

Television

All Other –

Corporate/

Eliminations

NET REVENUE

$     91,631

$     36,693

$       5,315

$     10,254

$     40,070

$       (701)

OPERATING EXPENSES:

Programming and technical

28,647

9,993

3,178

3,267

12,372

(163)

Selling, general and
administrative

49,493

19,762

3,788

7,133

9,642

9,168

Stock-based compensation

574

133

23

73

201

144

Depreciation and amortization

3,523

2,278

33

393

675

144

Impairment of goodwill and
intangible assets

130,078

125,187

—

4,891

—

—

Total operating expenses

212,315

157,353

7,022

15,757

22,890

9,293

Operating (loss) income

(120,684)

(120,660)

(1,707)

(5,503)

17,180

(9,994)

INTEREST AND INVESTMENT
INCOME

616

—

—

—

—

616

INTEREST EXPENSE

(9,704)

(2)

(145)

—

—

(9,557)

GAIN ON RETIREMENT OF
DEBT

30,297

—

—

—

—

30,297

OTHER INCOME, NET

124

108

—

—

—

16

(Loss) income before benefit
from (provision for) income taxes

(99,351)

(120,554)

(1,852)

(5,503)

17,180

11,378

BENEFIT FROM (PROVISION
FOR) INCOME TAXES

21,382

28,579

13

1,792

(3,693)

(5,309)

NET (LOSS) INCOME

(77,969)

(91,975)

(1,839)

(3,711)

13,487

6,069

NET LOSS ATTRIBUTABLE
TO NON-CONTROLLING
INTERESTS

(67)

—

(67)

—

—

—

NET (LOSS) INCOME
ATTRIBUTABLE TO
COMMON STOCKHOLDERS

(77,902)

(91,975)

(1,772)

(3,711)

13,487

6,069

Adjusted EBITDA(2)

$     13,960

$       6,938

$    (1,651)

$       (146)

$     18,056

$     (9,237)

 

Six Months Ended June 30, 2026

(In thousands, unaudited)

Consolidated

Radio

Broadcasting

Reach

Media

Digital

Cable

Television

All Other –

Corporate/

Eliminations

NET REVENUE

$    163,408

$     65,811

$       9,614

$     16,185

$     73,153

$     (1,355)

OPERATING EXPENSES:

Programming and technical

59,779

22,516

6,286

6,168

25,150

(341)

Selling, general and
administrative

88,684

35,524

4,957

11,486

20,854

15,863

Stock-based compensation

1,881

87

25

50

781

938

Depreciation and amortization

12,361

9,799

56

775

1,348

383

Impairment of goodwill,
intangible assets and long-lived
assets

14,157

—

14,157

—

—

—

Total operating expenses

176,862

67,926

25,481

18,479

48,133

16,843

Operating (loss) income

(13,454)

(2,115)

(15,867)

(2,294)

25,020

(18,198)

INTEREST AND
INVESTMENT INCOME

8

—

—

—

—

8

INTEREST EXPENSE

(6,477)

(4)

—

—

—

(6,473)

GAIN ON SALE OF
BUSINESS

4,671

4,671

—

—

—

—

GAIN ON RETIREMENT OF
DEBT

2,080

—

—

—

—

2,080

OTHER (EXPENSE) INCOME,
NET

(51)

(46)

—

(15)

—

10

(Loss) income before benefit
from (provision for) income
taxes

(13,223)

2,506

(15,867)

(2,309)

25,020

(22,573)

BENEFIT FROM (PROVISION
FOR) INCOME TAXES

3,144

(737)

657

503

(5,467)

8,188

NET (LOSS) INCOME

(10,079)

1,769

(15,210)

(1,806)

19,553

(14,385)

NET INCOME (LOSS)
ATTRIBUTABLE TO NON-
CONTROLLING INTERESTS

73

95

(22)

—

—

—

NET (LOSS) INCOME
ATTRIBUTABLE TO
COMMON STOCKHOLDERS

(10,152)

1,674

(15,188)

(1,806)

19,553

(14,385)

Adjusted EBITDA(2)

$     16,379

$       8,107

$     (1,555)

$     (1,454)

$     27,149

$   (15,868)

 

Six Months Ended June 30, 2025

(In thousands, unaudited)

Consolidated

Radio

Broadcasting

Reach

Media

Digital

Cable

Television

All Other –

Corporate/

Eliminations

NET REVENUE

$    183,866

$     69,303

$     11,168

$     20,466

$     84,263

$     (1,334)

OPERATING EXPENSES:

Programming and technical

59,245

21,286

6,546

6,454

25,281

(322)

Selling, general and
administrative

99,598

38,358

6,939

14,104

22,333

17,864

Stock-based compensation

1,250

241

46

158

489

316

Depreciation and amortization

5,838

3,274

67

779

1,390

328

Impairment of goodwill and
intangible assets

136,521

131,630

—

4,891

—

—

Total operating expenses

302,452

194,789

13,598

26,386

49,493

18,186

Operating (loss) income

(118,586)

(125,486)

(2,430)

(5,920)

34,770

(19,520)

INTEREST AND
INVESTMENT INCOME

1,582

—

—

—

—

1,582

INTEREST EXPENSE

(20,628)

(4)

(145)

—

—

(20,479)

GAIN ON RETIREMENT OF
DEBT

41,884

—

—

—

—

41,884

OTHER INCOME, NET

316

108

—

—

—

208

(Loss) income before benefit
from (provision for) income
taxes

(95,432)

(125,382)

(2,575)

(5,920)

34,770

3,675

BENEFIT FROM (PROVISION
FOR) INCOME TAXES

5,724

29,669

(3)

2,184

(7,575)

(18,551)

NET (LOSS) INCOME

(89,708)

(95,713)

(2,578)

(3,736)

27,195

(14,876)

NET LOSS ATTRIBUTABLE
TO NON-CONTROLLING
INTERESTS

(64)

—

(64)

—

—

—

NET (LOSS) INCOME
ATTRIBUTABLE TO COMMON
STOCKHOLDERS

(89,644)

(95,713)

(2,514)

(3,736)

27,195

(14,876)

Adjusted EBITDA(2)

$     26,817

$       9,786

$     (2,202)

$        (88)

$     36,648

$   (17,327)

 

Urban One, Inc. will hold a conference call to discuss its results for the second fiscal quarter of 2026. The conference call is scheduled for Tuesday, August 4, 2026 at 10:00 a.m. EDT. To participate on this call, U.S. callers may dial toll-free (+1) 800-715-9871; international callers may dial direct (+1) 646-307-1963. The Access Code is 3701023.

A replay of the conference call will be available from 2:00 p.m. EDT August 4, 2026 until 11:59 p.m. EDT August 11, 2026. Callers may access the replay by calling (+1) 800-770-2030; international callers may dial direct (+1) 609-800-9909. The replay Access Code is 3701023.

Access to live audio and a replay of the conference call will also be available on Urban One’s corporate website at www.urban1.com. The replay will be made available on the website for seven days after the call.

Urban One Inc. (urban1.com), together with its subsidiaries, is the largest diversified media company that primarily targets Black Americans and urban consumers in the United States. The Company owns TV One, LLC (tvone.tv), a television network serving more than 30 million households, offering a broad range of original programming, classic series and movies designed to entertain, inform, and inspire a diverse audience of adult Black viewers. As of July 31, 2026, following the Service Broadcasting Group, LLC acquisition, the Company owned and/or operated 76 independently formatted, revenue producing broadcast stations (including 59 FM or AM stations, 15 HD stations, and the 2 low power television stations the Company operates), located in 13 of the most populous African-American markets in the United States. Through Reach Media, Inc. (blackamericaweb.com), the Company also operates syndicated programming including the Rickey Smiley Morning Show, and the DL Hughley Show. In addition to its radio and television broadcast assets, Urban One owns iOne Digital (ionedigital.com), our wholly owned digital platform serving the African American community through social content, news, information, and entertainment websites, including its Cassius, Bossip, HipHopWired and MadameNoire digital platforms and brands. Through our national multi-media operations, we provide advertisers with a unique and powerful delivery mechanism to the African American and urban audiences.

Notes:

1

“Broadcast and digital operating income”: The radio broadcasting industry commonly refers to “station operating income” which consists of net loss before depreciation and amortization, income taxes, interest expense, interest and investment income, non-controlling interests in income of subsidiaries, other income, net, loss from unconsolidated joint venture, corporate selling, general and administrative expenses, stock-based compensation, impairment of goodwill and intangible assets, and (gain) loss on retirement of debt. However, given the diverse nature of our business, station operating income is not truly reflective of our multi-media operation and, therefore, we use the term “broadcast and digital operating income.” Broadcast and digital operating income is not a measure of financial performance under GAAP. Nevertheless, broadcast and digital operating income is a significant measure used by our management to evaluate the operating performance of our core operating segments. Broadcast and digital operating income provides helpful information about our results of operations, apart from expenses associated with our fixed assets and goodwill and intangible assets, income taxes, investments, impairment charges, debt financings and retirements, corporate overhead and stock-based compensation. Our measure of broadcast and digital operating income is similar to industry use of station operating income; however, it reflects our more diverse business and therefore is not completely analogous to “station operating income” or other similarly titled measures as used by other companies. Broadcast and digital operating income does not represent operating income or loss, or cash flow from operating activities, as those terms are defined under GAAP, and should not be considered as an alternative to those measurements as an indicator of our performance.

2

“Adjusted EBITDA”: Adjusted EBITDA consists of net (loss) income plus (1) depreciation and amortization, income taxes, interest expense, net income attributable to non-controlling interests, impairment of goodwill, intangible assets and long lived assets, stock-based compensation, gain on sale of business, (gain) loss on retirement of debt, corporate costs, non-recurring litigation settlement costs, non-recurring debt refinancing costs, severance-related costs, investment income, loss from ceased non-core business initiatives less (2) other income, net and interest and investment income. Net (loss) income before interest income, interest expense, income taxes, depreciation and amortization is commonly referred to in our business as “EBITDA.” Adjusted EBITDA and EBITDA are not measures of financial performance under GAAP. We believe Adjusted EBITDA is often a useful measure of a company’s operating performance and is a significant measure used by our management to evaluate the operating performance of our business. Accordingly, based on the previous description of Adjusted EBITDA, we believe that it provides useful information about the operating performance of our business, apart from the expenses associated with our fixed assets and goodwill and intangible assets, or capital structure. Adjusted EBITDA is frequently used as one of the measures for comparing businesses in the broadcasting industry, although our measure of Adjusted EBITDA may not be comparable to similarly titled measures of other companies, including, but not limited to the fact that our definition includes the results of all four of our operating segments (Radio Broadcasting, Reach Media, Digital, and Cable Television). Business activities unrelated to these four segments are included in an “all other” category which the Company refers to as “All other – corporate/eliminations.” Adjusted EBITDA and EBITDA do not purport to represent operating income or cash flow from operating activities, as those terms are defined under GAAP, and should not be considered as alternatives to those measurements as an indicator of our performance.

3

For the three months ended June 30, 2026 and 2025, Urban One had 4,470,542 and 4,473,831 shares of common stock outstanding on a weighted average basis (basic), respectively. For the six months ended June 30, 2026 and 2025 Urban One had 4,460,275 and 4,476,828 shares of common stock outstanding on a weighted average basis (basic), respectively.

4

For the three months ended June 30, 2026 and 2025, Urban One had 4,470,542 and 4,473,831 shares of common stock outstanding on a weighted average basis (fully diluted for outstanding stock awards), respectively. For the six months ended June 30, 2026 and 2025 Urban One had 4,460,275 and 4,476,828 shares of common stock outstanding on a weighted average basis (basic), respectively.

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SOURCE Urban One, Inc.

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Technology

Wingstop Saddles Up for the Flavor Rodeo with BBQ Favorites, Carolina Gold and Jamaican Jerk

Published

33 minutes ago

on

August 4, 2026

By

To celebrate the returning flavors, Wingstop introduces the first-ever Delivery Cowboy experience, plus $0 delivery with qualifying purchase from Aug. 14-16 using code GIDDYUP

DALLAS, Aug. 4, 2026 /PRNewswire/ — Wingstop (NASDAQ: WING) is saddling up for the Flavor Rodeo, bringing fan-favorites Carolina Gold and Jamaican Jerk back to menus nationwide* after prior limited-time runs. The flavors will be available exclusively to Club Wingstop members starting Aug. 7, and to all fans beginning Aug. 11, alongside two new additions: Hot Honey Mustard Dip and Sprite Strawberry Rodeo**, available exclusively at Wingstop locations featuring Coca-Cola Freestyle dispensers nationwide.

In true rodeo fashion, Wingstop is giving flavors this bold the entrance they deserve by trading four wheels for four hooves with a Delivery Cowboy experience in the Fort Worth Stockyards — the kind of launch only the Dallas-based flavor giant could pull off.

For one afternoon only on Friday, Aug. 7, from 1:30 to 3:30 p.m. CT, select Club Wingstop members who visit Cowtown Coliseum can be among the first to try Carolina Gold and Jamaican Jerk, with their orders hand-delivered on horseback by Wingstop’s Delivery Cowboys, while supplies last. The experience delivers on Wingstop’s promise to turn fan loyalty into unforgettable real-world moments that extend beyond the menu.

Forget standard, play-it-safe BBQ. The Flavor Rodeo delivers striking flavor contrasts designed to give taste buds a wild ride.

Carolina Gold: Sweet, tangy Southern BBQ with rich golden flavor inspired by the Carolinas.Jamaican Jerk: Warm Caribbean spices and savory herbs come together for a bold island-inspired flavor.Hot Honey Mustard Dip: Sweet honey mustard with a fiery kick for the perfect balance of sweet and heat.Sprite Strawberry Rodeo: A blend of a bright citrus zip of lemon-lime notes with smooth strawberry sweetness for a crisp, refreshing finish.

“While everyone else serves the expected barbecue, Wingstop is giving fans a lineup so strong it deserves an equally bold entrance,” said Michael Skipworth, President and CEO of Wingstop. “The Flavor Rodeo brings back two fan favorites, adds two new ways to elevate every order and gives Club Wingstop members an experience they won’t find anywhere else.”

Can’t make it to Fort Worth? Saddle up at your nearest Wingstop or order online through Wingstop.com or the Wingstop app to experience the Flavor Rodeo for yourself. Fans nationwide can get in on the action with code GIDDYUP to receive $0 delivery with qualifying purchase from Aug. 14-16 at participating U.S. locations.

Club Wingstop members can continue to unlock exclusive access to flavor launches, member-only perks and unique brand experiences by joining through the Wingstop app or Wingstop.com.

*Available for a limited time only at participating locations in the U.S. While supplies last.
**”Sprite” is a registered trademark of the Coca-Cola Company.

About Wingstop
Founded in 1994 and headquartered in Dallas, TX, Wingstop Inc. (NASDAQ: WING) operates and franchises more than 3,000 restaurants worldwide, with approximately 98% of the total restaurant count owned by brand partners. Generating over $5 billion in system-wide sales in fiscal 2025, Wingstop offers made-to-order, always fresh classic and boneless wings, tenders and chicken sandwiches in 12 bold, distinctive flavors, alongside signature sides and iconic housemade ranch and bleu cheese dips. Dedicated to Serving the World Flavor, Wingstop is the Official Chicken Partner of the NBA with a vision to become a Top 10 Global Restaurant Brand. Learn more at wingstop.com or follow @Wingstop on X, Instagram, Facebook and TikTok.

Media Contact
Kyra Harbert
media@wingstop.com 

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SOURCE Wingstop Restaurants Inc.

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CME Group July Volume Hits New Record of 27 Million Contracts, Up 23% Year Over Year

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33 minutes ago

on

August 4, 2026

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Record July ADV in interest rate, equity index, energy, agricultural and metals productsInternational ADV grew 32% to 8.8 million contracts

CHICAGO, Aug. 4, 2026 /PRNewswire/ — CME Group, the world’s leading derivatives marketplace, today reported its highest July average daily volume (ADV) on record at 27 million contracts, an increase of 23% year-over-year. Market statistics are available in greater detail at https://cmegroupinc.gcs-web.com/monthly-volume.

July 2026 ADV across asset classes includes:

Interest Rate ADV of 12.6 million contractsEquity Index ADV of 8.2 million contractsEnergy ADV of 2.6 million contractsAgricultural ADV of 2 million contractsForeign Exchange ADV of 811,000 contractsMetals ADV of 788,000 contractsCryptocurrency ADV of 237,000 contracts ($10.3 billion notional)

Additional July 2026 product highlights compared to July 2025:

Interest Rate ADV increased 17%SOFR futures ADV increased 9% to 3.6 million contractsU.S Treasury futures and options ADV increased 22% to 7 million contracts10-Year U.S. Treasury Note futures ADV increased 13% to 1.8 million contracts5-Year U.S. Treasury Note futures ADV increased 13% to 1.3 million contracts10-Year U.S. Treasury Note options ADV increased 46% to 1.2 million contracts2-Year U.S. Treasury Note futures ADV increased 32% to 873,000 contracts30-Day Fed Funds futures ADV increased 60% to 660,000 contractsEquity Index ADV increased 48%Micro E-Mini Nasdaq-100 futures ADV increased 159% to 3 million contractsE-Mini S&P 500 futures ADV increased 24% to 1.4 million contractsMicro E-Mini S&P 500 futures ADV increased 27% to 1.1 million contractsE-Mini S&P 500 options ADV increased 8% to 1.1 million contractsEnergy ADV increased 9%WTI Crude Oil futures ADV increased 17% to 953,000 contractsHenry Hub Natural Gas futures ADV increased 2% to 454,000 contractsMicro WTI Crude Oil futures ADV increased 175% to 179,000 contractsAgricultural ADV increased 15%Corn futures ADV increased 16% to 441,000 contractsSoybean futures ADV increased 12% to 293,000 contractsChicago SRW Wheat futures ADV increased 53% to 176,000 contractsForeign Exchange ADV increased 9%Japanese Yen futures ADV increased 39% to 184,000 contractsMetals ADVMicro Gold futures ADV increased 41% to 287,000 contractsMicro Silver futures ADV increased 123% to 49,000 contracts1-Ounce Gold futures ADV increased 417% to 51,000 contractsInternational ADV increased 32% to 8.8 million contracts, with EMEA ADV up 29% to 6.3 million contracts and APAC ADV up 41% to 2.1 million contractsMicro Products ADVMicro E-mini Equity Index futures and options ADV of 4.4 million contracts represented 54% of overall Equity Index ADV, Micro Energy futures accounted for  7.1% of overall Energy ADV and Micro Metals futures accounted for 53% of overall Metals ADVBrokerTec overall average daily notional value (ADNV) increased 15% to $1.056 trillionU.S. Repo ADNV increased 9% to $393 billionEuropean Repo ADNV increased 20% to €356 billionU.S. Treasury ADNV increased 13% to $91 billion EBS Spot FX ADNV increased 25% to $70 billion and FX Link ADV increased 38% to 55,000 contracts ($5.2 billion notional per leg)Customer average collateral balances to meet performance bond requirements for rolling 3-months ending June 2026 were $150 billion for cash collateral and $170.4 billion for non-cash collateral

As the world’s leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, cryptocurrencies, energy, agricultural products and metals.  The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.  In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing. 

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“S&P DJI”). “S&P®”, “S&P 500®”, “SPY®”, “SPX®”, US 500 and The 500 are trademarks of Standard & Poor’s Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners. 

CME-G

 

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SOURCE CME Group

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DR. PHONE FIX COMPLETES ACQUISITION, ESTABLISHES NEW BRUNSWICK PRESENCE, ADVANCES NATIONAL EXPANSION STRATEGY

Published

33 minutes ago

on

August 4, 2026

By

Acquisition expands Company’s integrated device care platform to 45 corporately owned locations across six provinces

EDMONTON, AB , Aug. 4, 2026 /CNW/ — Dr. Phone Fix Canada Corporation (TSXV: DPF) (“Dr. Phone Fix” or the “Company”), one of Canada’s fastest-growing and award-winning integrated device care platforms, is pleased to announce that it has completed its previously announced acquisition of the assets of Martin Cell Phone Solutions Ltd. (“Martin”) an established device repair business located in Saint John, New Brunswick (the “Transaction”).

The acquisition establishes Dr. Phone Fix’s presence in New Brunswick and expands the Company’s corporately owned retail network to 45 locations across six (6) provinces, further advancing its strategy of building a scalable national integrated device care platform through disciplined acquisitions, selective greenfield expansion and strategic partnerships.

The Transaction adds an established revenue-generating retail location, a loyal customer base and an immediate operating presence in New Brunswick, strengthening the Company’s growing footprint in Atlantic Canada following its recent expansion into Nova Scotia.

“Our objective is to build a scalable national integrated device care platform by acquiring quality businesses and integrating them into our centralized operating model,” said Piyush Sawhney, Founder and Chief Executive Officer of Dr. Phone Fix. “This transaction reflects the disciplined acquisition strategy we intend to replicate as we continue expanding our national integrated device care platform, which we believe can create meaningful shareholder value. This strategy includes a disciplined purchase price, modest upfront cash, vendor alignment and operational upside through integration.”

Transaction Details

Under the terms of the asset purchase agreement governing the Transaction, Dr. Phone Fix has acquired the assets of Martin for total consideration of $144,440.48, which includes $9,440.48 of inventory.

The purchase price is structured to preserve cash and align vendor incentives with post-closing performance, and includes:

$50,000 in cash paid at closing;$50,000 of deferred and performance-based payments tied to revenue thresholds; andthe issuance of common shares of the Company as partial consideration, aligned with long-term value creation.

In connection with the Transaction, the Company issued 352,849 common shares of the Company to Martin, representing an aggregate value of $44,440.48 (the “Consideration Shares”). The Consideration Shares are subject to a statutory hold period of four months and one day in accordance with applicable securities laws. The Transaction has received approval from the TSX Venture Exchange.

Continued Growth

The Canadian device repair and pre-owned device sale industry remains highly fragmented, presenting opportunities for disciplined consolidation by well-capitalized operators with scalable operating platforms. Management believes this presents opportunities for disciplined consolidation through acquisitions of established businesses that can benefit from Dr. Phone Fix’s centralized operating platform.

Prior to closing, Martin generated approximately $350,000 in annual revenue based on historical financial information provided by the vendor. Dr. Phone Fix expects to enhance the performance of the acquired location by integrating it into the Company’s centralized operating platform, including procurement, inventory management, pricing optimization, marketing, training and standardized store-level operating processes. Management believes these capabilities provide opportunities to improve operational efficiency and support long-term store performance.

Mr. Sawhney continued, “We continue to see attractive acquisition opportunities across Canada within a fragmented industry. Our strategy is not simply to increase store count, but to build a stronger national platform with increasing operating scale, greater purchasing leverage and enhanced capabilities to serve customers, carriers, insurers and OEM partners across Canada.”

The Company intends to maintain uninterrupted service for Matin’s existing customers while gradually integrating the location into the Dr. Phone Fix platform.

Dr. Phone Fix continues to evaluate additional acquisition opportunities across Canada that complement its existing geographic footprint and support its long-term growth strategy.

About Dr. Phone Fix

Dr. Phone Fix is an award-winning Canadian integrated device care platform providing repair, refurbishment, certified pre-owned devices, trade-in solutions and related services through its growing national retail network. Founded in 2019, the Company now operates 45 corporately owned retail locations nationwide, delivering fast, reliable, and environmentally conscious repair services alongside a curated selection of certified pre-owned devices and premium accessories. Dr. Phone Fix maintains relationships with OEMs, insurance partners and certified suppliers, ensuring consistently high-quality standards across its national footprint. With a mission rooted in sustainability, transparency, and exceptional customer service, Dr. Phone Fix is focused on advancing the device care and resale ecosystem in Canada.

www.docphonefix.com.

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Cautionary Statement Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information can be identified by words such as: “intend”, “believe”, “estimate”, “expect”, “may”, “will” and similar references to future periods. Forward looking information includes, but is not limited to, the expected benefits and synergies from the Transaction, including anticipated revenue enhancements and operational improvements; the Company’s intention to expand its national footprint; expectations regarding the performance of acquired locations; and expectations regarding future growth and profitability. Although the Company believes that, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risk that the Company may not realize the anticipated benefits of the Transaction; and the risk that the future plans of the Company may differ from those that currently are contemplated. The forward-looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.

 

SOURCE Dr. Phone Fix

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