Super Micro files financials just ahead of Nasdaq deadline and says it's 'regained compliance,' stock pops 22%

Charles Liang, CEO of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on June 5, 2024. Super Micro Computer reported its delayed financial results on Tuesday just in time to meet the Nasdaq's listing deadline. Shares of the server maker popped 22% in extended trading after the filing. "In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company at June 30, 2024," BDO, the company's auditor, wrote in the filing, adding that the results are "in conformity with accounting principles generally accepted" in the U.S. Super Micro filed updated and audited financials with the U.S. Securities and Exchange Commission for its fiscal 2024, ending in June, and the first two quarters of the company's fiscal 2025. The filing reduces any near-term possibility that the server maker could be delisted from the Nasdaq, an overhang that had weighed on Super Micro's stock price. "The Company has rece ... Read full article.