Broadway Financial ( (BYFC) ) has released a notification of late filing.
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Broadway Financial Corporation has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending June 30, 2025. The primary reason for the delay is the need for additional time to evaluate participation agreements for compliance with Accounting Standards Codification Topic 860, which impacts the consolidated financial statements. The company anticipates filing the report within five calendar days following the prescribed due date. Preliminary financial information indicates a net loss for the quarter, contrasting with a net income in the corresponding period last year, due to changes in accounting treatment. The company is actively working on compliance efforts, and the notification was signed by Zack Ibrahim, Executive Vice President and Chief Financial Officer.
Spark’s Take on BYFC Stock
According to Spark, TipRanks’ AI Analyst, BYFC is a Neutral.
Broadway Financial’s stock score is primarily impacted by its mixed financial performance and technical analysis. While there is positive price momentum, the overbought conditions suggest caution. The negative P/E ratio and absence of a dividend yield weigh heavily on its valuation. The Nasdaq non-compliance notice adds further risk, although it is not currently affecting the score due to its exclusion from the weighted calculation.
To see Spark’s full report on BYFC stock, click here.
More about Broadway Financial
Average Trading Volume: 7,906
Technical Sentiment Signal: Buy
Current Market Cap: $70.67M
Find detailed analytics on BYFC stock on TipRanks’ Stock Analysis page.