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$SMCI (+1,96%) What do you think of this turnaround that the share is currently undergoing? Here's a little research and my opinion:


In the 11/20 report, Super Micro writes: "(...) As previously announced, Super Micro Computer, Inc. (Nasdaq:SMCI) ("SMCI" or the "Company"), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, submitted a compliance plan to Nasdaq on November 18, 2024 with respect to supporting its request for an extension of time to regain compliance with the Nasdaq continued listing requirements. In the compliance plan, the Company indicated that it believes it will be able to file both its Annual Report on Form 10-K for the fiscal year ended June 30, 2024 (the "2024 Form 10-K") and its Quarterly Report on Form 10-Q for the period ended September 30, 2024 (the "Q1 2025 Form 10-Q"), and become current with its periodic filings within the discretionary period available to the Nasdaq staff to grant."


When do they have to submit these reports at the latest?


Nasdaq generally grants companies up to 180 calendar days from the original due date of a report to become compliant again.


1.2024 Form 10-K (Annual Report):

Due date: September 13, 2024 (Annual reports are generally due 75 days after the fiscal year end, in this case June 30).

Last due date according to Nasdaq's 180-day measurement period: March 11, 2025.


2.Q1 2025 Form 10-Q (quarterly report):

Q1 2025, as we are talking about the financial year and not the calendar year. Q1 2025 is in the third quarter of 2024.

Due date: November 14, 2024 (Quarterly reports are due 40 days after the end of the quarter, in this case September 30).

Last deadline according to Nasdaq's 180-day measurement period: May 13, 2025.


My opinion: It will be exciting, but it is impossible to say whether they will manage to comply with the NASDAQ again.

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immagine del profilo
Very briefly: $SMCI has a new auditor and has submitted a timetable to the SEC. The SEC has been informed but has not yet given its approval. So the risk is still high
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