Bear of the Day: Super Micro (SMCI)

Super Micro Computer ((SMCI) announced on November 5 only preliminary results for their Q1 fiscal 2025 (ends June) due to investigations into their financial statements.On December 6, Super Micro received a letter from the Nasdaq Stock Market which granted the company’s request for an exception to Nasdaq’s Listing Rule 5250(c)(1) through February 25, 2025. The exception gives the Company until February 25, 2025 to file its Annual Report on Form 10-K for the fiscal year ended June 30, 2024, its Quarterly Rep ...