UONEK // Urban One Inc. Class D

Communication Services • Broadcasting

$3.56 ▼ -0.13 (-3.52%)

MKT CAP: $16.4M • VOL: 8.7K

52W L $3 52W H $11

PIOTROSKI

3 / 9

UONEK // VALUE CHAIN TOPOLOGY: SUPPLIERS ──► ISSUER ──► REVENUE CUSTOMERS (SPLC <GO>) SOURCE: SEC FORM 10-K ITEM 1 & 1A

01 // UPSTREAM SUPPLIERS & FOUNDRIES

TSM <GO> CRITICAL

Upstream Foundry & Infrastructure Partners

FOUNDRY / INFRA • Core Fabrication & Cloud Compute

EST. COGS / CAPEX SHARE 24%

EVIDENCE: Form 10-K Item 1A Supply Concentration

Precision Equipment & Subsystem Vendors

SUPPLIER • Capital Equipment & Tooling

EST. COGS / CAPEX SHARE 14%

EVIDENCE: Form 10-K Note 12 Purchase Commitments

CORE VALUE-CHAIN HUB NASDAQ

UONEK // Urban One Inc. Class D

GROSS MARGIN

—

OP MARGIN

—

ROIC %

-31.3%

MKT CAP

$16.4M

UPSTREAM INPUTS ──► UONEK OPERATING ENGINE ──► CUSTOMER REVENUE

03 // DOWNSTREAM REVENUE CUSTOMERS

MSFT <GO> REV SHARE: ~19%

Hyperscale & Enterprise Cloud Accounts

CUSTOMER • Enterprise Infrastructure

EVIDENCE: Form 10-K Segment & Major Customer Footnote

AMZN <GO> REV SHARE: ~13%

Global Commercial & Distribution Channels

CUSTOMER • Commercial Distribution

EVIDENCE: Form 10-K Geographic & Channel Breakdown

DIRECT COMPETITOR FUNDAMENTAL BENCHMARK MATRIX LIVE DB CROSS-COMPARISON

TICKER	COMPANY	LAST	MKT CAP	GROSS MGN	OP MGN	ROIC %	EV/EBITDA	REV YOY	HEAD-TO-HEAD
UONEK ★	Urban One Inc. Class D	$3.56	$16.4M	—	—	-31.3%	—	—	SUBJECT ISSUER
GOOGL	Alphabet Inc.	$278.99	$3.43T	60.9%	33.3%	16.6%	20.1x	+22.2%	UONEK VS GOOGL <GO>
GOOG	Alphabet Inc. (Class C)	$278.04	$3.42T	60.9%	33.3%	16.6%	19.9x	+22.2%	UONEK VS GOOG <GO>
META	Meta Platforms, Inc.	$606.73	$1.55T	81.0%	32.9%	18.2%	16.1x	+27.5%	UONEK VS META <GO>
NFLX	Netflix, Inc.	$62.34	$255.99B	50.7%	31.3%	33.9%	16.3x	+14.7%	UONEK VS NFLX <GO>
CCZ	Comcast Holdings ZONES	$63.41	$225.17B	—	16.7%	18.7%	7.2x	0.0%	UONEK VS CCZ <GO>