$RAVE
RAVE RESTAURANT GROUP, INC.

2022 Q4 Form 10-Q Financial Statement

#000114036122039741 Filed on November 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $2.866M $3.005M $2.553M
YoY Change 6.31% 17.7% 34.16%
Cost Of Revenue $0.00
YoY Change -100.0%
Gross Profit $2.553M
YoY Change 39.89%
Gross Profit Margin 100.0%
Selling, General & Admin $1.458M $1.347M $1.211M
YoY Change 5.65% 11.23% 8.13%
% of Gross Profit 47.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $53.00K $35.00K $44.00K
YoY Change 10.42% -20.45% 0.0%
% of Gross Profit 1.72%
Operating Expenses $2.378M $2.600M $2.241M
YoY Change 7.5% 16.02% 31.05%
Operating Profit $312.0K
YoY Change 171.3%
Interest Expense $0.00 $1.000K $24.00K
YoY Change -100.0% -95.83% 4.35%
% of Operating Profit 7.69%
Other Income/Expense, Net
YoY Change
Pretax Income $488.0K $399.0K $288.0K
YoY Change 5.86% 38.54% 269.23%
Income Tax $140.0K $92.00K $3.000K
% Of Pretax Income 28.69% 23.06% 1.04%
Net Earnings $348.0K $307.0K $285.0K
YoY Change -23.85% 7.72% 275.0%
Net Earnings / Revenue 12.14% 10.22% 11.16%
Basic Earnings Per Share $0.02 $0.02 $0.02
Diluted Earnings Per Share $0.02 $0.02 $0.02
COMMON SHARES
Basic Shares Outstanding 16.40M 16.40M 18.01M
Diluted Shares Outstanding 16.35M 16.63M 18.80M

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.429M $7.421M $7.876M
YoY Change -58.35% -5.78% 167.89%
Cash & Equivalents $3.429M $7.421M $7.876M
Short-Term Investments
Other Short-Term Assets $114.0K $108.0K $150.0K
YoY Change 32.56% -28.0% -66.67%
Inventory
Prepaid Expenses
Receivables $1.276M $1.486M $865.0K
Other Receivables $167.0K $170.0K $568.0K
Total Short-Term Assets $5.020M $9.219M $9.459M
YoY Change -49.2% -2.54% 92.26%
LONG-TERM ASSETS
Property, Plant & Equipment $304.0K $339.0K $2.401M
YoY Change -21.04% -85.88% 570.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.590M $5.772M
YoY Change
Total Long-Term Assets $8.009M $8.307M $3.117M
YoY Change 172.6% 166.51% -32.42%
TOTAL ASSETS
Total Short-Term Assets $5.020M $9.219M $9.459M
Total Long-Term Assets $8.009M $8.307M $3.117M
Total Assets $13.03M $17.53M $12.58M
YoY Change 1.63% 39.36% 31.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $578.0K $689.0K $521.0K
YoY Change -3.83% 32.25% -41.46%
Accrued Expenses $487.0K $1.447M $970.0K
YoY Change -8.11% 49.18% 41.61%
Deferred Revenue $292.0K $401.0K
YoY Change -25.32%
Short-Term Debt $0.00 $0.00 $120.0K
YoY Change -100.0% -100.0%
Long-Term Debt Due $1.583M
YoY Change
Total Short-Term Liabilities $1.856M $3.035M $3.888M
YoY Change -50.15% -21.94% 54.78%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $1.912M $2.070M $2.628M
YoY Change -24.64% -21.23% 5052.94%
Total Long-Term Liabilities $1.912M $2.070M $2.628M
YoY Change -24.64% -21.23% 5052.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.856M $3.035M $3.888M
Total Long-Term Liabilities $1.912M $2.070M $2.628M
Total Liabilities $3.768M $5.105M $6.516M
YoY Change -39.81% -21.65% -27.24%
SHAREHOLDERS EQUITY
Retained Earnings $1.481M $1.133M
YoY Change -122.95%
Common Stock $37.81M $37.72M
YoY Change 0.68%
Preferred Stock
YoY Change
Treasury Stock (at cost) $30.03M $26.43M
YoY Change 22.38%
Treasury Stock Shares $10.94M $8.690M
Shareholders Equity $9.261M $12.42M $6.060M
YoY Change
Total Liabilities & Shareholders Equity $13.03M $17.53M $12.58M
YoY Change 1.63% 39.36% 31.93%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income $348.0K $307.0K $285.0K
YoY Change -23.85% 7.72% 275.0%
Depreciation, Depletion And Amortization $53.00K $35.00K $44.00K
YoY Change 10.42% -20.45% 0.0%
Cash From Operating Activities -$343.0K $1.135M -$343.0K
YoY Change -196.08% -430.9% 4800.0%
INVESTING ACTIVITIES
Capital Expenditures $84.00K $14.00K -$38.00K
YoY Change -1150.0% -136.84% -240.74%
Acquisitions
YoY Change
Other Investing Activities $30.00K $30.00K $57.00K
YoY Change -18.92% -47.37%
Cash From Investing Activities -$54.00K -$23.00K $19.00K
YoY Change -286.21% -221.05% -182.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.595M -1.414M -130.0K
YoY Change 11883.33% 987.69% 4233.33%
NET CHANGE
Cash From Operating Activities -343.0K 1.135M -343.0K
Cash From Investing Activities -54.00K -23.00K 19.00K
Cash From Financing Activities -3.595M -1.414M -130.0K
Net Change In Cash -3.992M -302.0K -454.0K
YoY Change -1221.35% -33.48% 1275.76%
FREE CASH FLOW
Cash From Operating Activities -$343.0K $1.135M -$343.0K
Capital Expenditures $84.00K $14.00K -$38.00K
Free Cash Flow -$427.0K $1.121M -$305.0K
YoY Change -216.99% -467.54% 797.06%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q3 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
-30000
CY2022Q3 dei Amendment Flag
AmendmentFlag
false
CY2022Q3 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-25
CY2022Q3 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2022Q3 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2022Q3 dei Entity Central Index Key
EntityCentralIndexKey
0000718332
CY2022Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1384000
CY2021Q3 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
-130000
CY2022Q3 rave Lessee Operating Lease Number Of Subleases
LesseeOperatingLeaseNumberOfSubleases
2
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
420000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
511000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3005000
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2553000
CY2022Q3 rave Lessee Operating Lease Number Of Subleases
LesseeOperatingLeaseNumberOfSubleases
2
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
124000
CY2022Q3 us-gaap Sublease Income
SubleaseIncome
47000
CY2022Q3 us-gaap Lease Cost
LeaseCost
77000
CY2022Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
138000
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y9M18D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.04
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
433000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
382000
CY2022Q3 rave Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
191000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1937000
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
146000
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1791000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
307000
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
285000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16632000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18005000
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16632000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18005000
CY2022Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0
CY2021Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
798000
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16632000
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18803000
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2022Q3 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
92000
CY2022Q3 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2022Q3 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3005000
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2553000
CY2022Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
51000
CY2021Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
44000
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
399000
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
288000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3005000
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2553000

Files In Submission

Name View Source Status
0001140361-22-039741-index-headers.html Edgar Link pending
0001140361-22-039741-index.html Edgar Link pending
0001140361-22-039741.txt Edgar Link pending
0001140361-22-039741-xbrl.zip Edgar Link pending
brhc10043495_10q.htm Edgar Link pending
brhc10043495_ex31-1.htm Edgar Link pending
brhc10043495_ex31-2.htm Edgar Link pending
brhc10043495_ex32-1.htm Edgar Link pending
brhc10043495_ex32-2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
brhc10043495_10q_htm.xml Edgar Link completed
FilingSummary.xml Edgar Link unprocessable
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
rave-20220925.xsd Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
rave-20220925_cal.xml Edgar Link unprocessable
rave-20220925_pre.xml Edgar Link unprocessable
rave-20220925_def.xml Edgar Link unprocessable
rave-20220925_lab.xml Edgar Link unprocessable