$RAVE
RAVE RESTAURANT GROUP, INC.

2021 Q3 Form 10-Q Financial Statement

#000114036121036502 Filed on November 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3
Revenue $2.553M $1.903M
YoY Change 34.16% -33.83%
Cost Of Revenue $0.00 $78.00K
YoY Change -100.0% -41.79%
Gross Profit $2.553M $1.825M
YoY Change 39.89% -33.44%
Gross Profit Margin 100.0% 95.9%
Selling, General & Admin $1.211M $1.120M
YoY Change 8.13% -17.65%
% of Gross Profit 47.43% 61.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $44.00K $44.00K
YoY Change 0.0% -6.38%
% of Gross Profit 1.72% 2.41%
Operating Expenses $2.241M $1.710M
YoY Change 31.05% -24.67%
Operating Profit $312.0K $115.0K
YoY Change 171.3% -75.64%
Interest Expense $24.00K $23.00K
YoY Change 4.35% -14.81%
% of Operating Profit 7.69% 20.0%
Other Income/Expense, Net
YoY Change
Pretax Income $288.0K $78.00K
YoY Change 269.23% -74.84%
Income Tax $3.000K $2.000K
% Of Pretax Income 1.04% 2.56%
Net Earnings $285.0K $76.00K
YoY Change 275.0% -67.93%
Net Earnings / Revenue 11.16% 3.99%
Basic Earnings Per Share $0.02 $0.00
Diluted Earnings Per Share $0.02 $0.00
COMMON SHARES
Basic Shares Outstanding 18.01M 15.45M
Diluted Shares Outstanding 18.80M 16.25M

Balance Sheet

Concept 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.876M $2.940M
YoY Change 167.89% 21.49%
Cash & Equivalents $7.876M $2.936M
Short-Term Investments
Other Short-Term Assets $150.0K $450.0K
YoY Change -66.67% -15.09%
Inventory
Prepaid Expenses
Receivables $865.0K $1.012M
Other Receivables $568.0K $480.0K
Total Short-Term Assets $9.459M $4.920M
YoY Change 92.26% 3.54%
LONG-TERM ASSETS
Property, Plant & Equipment $2.401M $358.0K
YoY Change 570.67% -25.73%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change -100.0%
Total Long-Term Assets $3.117M $4.612M
YoY Change -32.42% -46.9%
TOTAL ASSETS
Total Short-Term Assets $9.459M $4.920M
Total Long-Term Assets $3.117M $4.612M
Total Assets $12.58M $9.532M
YoY Change 31.93% -29.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $521.0K $890.0K
YoY Change -41.46% -1.11%
Accrued Expenses $970.0K $685.0K
YoY Change 41.61% -10.1%
Deferred Revenue $293.0K
YoY Change 10.15%
Short-Term Debt $120.0K $0.00
YoY Change
Long-Term Debt Due $1.583M
YoY Change
Total Short-Term Liabilities $3.888M $2.512M
YoY Change 54.78% 2.28%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $2.210M
YoY Change -100.0% 44.44%
Other Long-Term Liabilities $2.628M $51.00K
YoY Change 5052.94% 0.0%
Total Long-Term Liabilities $2.628M $51.00K
YoY Change 5052.94% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.888M $2.512M
Total Long-Term Liabilities $2.628M $51.00K
Total Liabilities $6.516M $8.956M
YoY Change -27.24% 2.88%
SHAREHOLDERS EQUITY
Retained Earnings -$8.640M
YoY Change 103.49%
Common Stock $33.75M
YoY Change 0.71%
Preferred Stock
YoY Change
Treasury Stock (at cost) $24.54M
YoY Change 0.0%
Treasury Stock Shares $7.085M
Shareholders Equity $6.060M $576.0K
YoY Change
Total Liabilities & Shareholders Equity $12.58M $9.532M
YoY Change 31.93% -29.07%

Cashflow Statement

Concept 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $285.0K $76.00K
YoY Change 275.0% -67.93%
Depreciation, Depletion And Amortization $44.00K $44.00K
YoY Change 0.0% -6.38%
Cash From Operating Activities -$343.0K -$7.000K
YoY Change 4800.0% -105.3%
INVESTING ACTIVITIES
Capital Expenditures -$38.00K $27.00K
YoY Change -240.74% 58.82%
Acquisitions
YoY Change
Other Investing Activities $57.00K $0.00
YoY Change -100.0%
Cash From Investing Activities $19.00K -$23.00K
YoY Change -182.61% -185.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -130.0K -3.000K
YoY Change 4233.33% 50.0%
NET CHANGE
Cash From Operating Activities -343.0K -7.000K
Cash From Investing Activities 19.00K -23.00K
Cash From Financing Activities -130.0K -3.000K
Net Change In Cash -454.0K -33.00K
YoY Change 1275.76% -121.02%
FREE CASH FLOW
Cash From Operating Activities -$343.0K -$7.000K
Capital Expenditures -$38.00K $27.00K
Free Cash Flow -$305.0K -$34.00K
YoY Change 797.06% -129.57%

Facts In Submission

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false
CY2021Q3 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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CY2021Q3 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2021Q3 dei Document Fiscal Period Focus
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CY2021Q3 dei Entity Central Index Key
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CY2021Q3 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2021Q3 dei Document Type
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CY2021Q3 dei Document Quarterly Report
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true
CY2021Q3 dei Document Period End Date
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2021-09-26
CY2021Q3 dei Document Transition Report
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CY2021Q3 dei Entity File Number
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CY2021Q3 dei Entity Registrant Name
EntityRegistrantName
RAVE RESTAURANT GROUP, INC.
CY2021Q3 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MO
CY2021Q3 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
45-3189287
CY2021Q3 dei Entity Address Address Line1
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3551 Plano Parkway
CY2021Q3 dei Entity Address City Or Town
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CY2021Q3 dei Entity Address State Or Province
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CY2021Q3 dei Entity Address Postal Zip Code
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75056
CY2021Q3 dei City Area Code
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CY2021Q3 dei Local Phone Number
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384-5000
CY2021Q3 dei Security12b Title
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Common Stock, $0.01 par value
CY2021Q3 dei Trading Symbol
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RAVE
CY2021Q3 dei Entity Current Reporting Status
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CY2021Q3 dei Entity Interactive Data Current
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CY2021Q3 dei Entity Filer Category
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CY2021Q3 dei Entity Emerging Growth Company
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