$RAVE
RAVE RESTAURANT GROUP, INC.

2023 Q3 Form 10-K Financial Statement

#000114036123044691 Filed on September 21, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2023
Revenue $3.089M $3.050M $11.89M
YoY Change 2.8% 8.04% 11.2%
Cost Of Revenue $0.00 $0.00
YoY Change -100.0%
Gross Profit $3.050M $11.89M
YoY Change 8.04% 11.21%
Gross Profit Margin 100.0% 100.0%
Selling, General & Admin $1.340M $1.240M $5.560M
YoY Change -0.52% -19.64% 1.24%
% of Gross Profit 40.66% 46.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $34.00K $50.00K $141.0K
YoY Change -2.86% 2.04% 0.71%
% of Gross Profit 1.64% 1.19%
Operating Expenses $2.570M $2.220M $9.730M
YoY Change -1.15% -7.54% 8.56%
Operating Profit $830.0K $2.159M
YoY Change 96.68% 24.94%
Interest Expense $0.00 $0.00 $1.000K
YoY Change -100.0% -98.36%
% of Operating Profit 0.0% 0.05%
Other Income/Expense, Net $0.00
YoY Change -100.0%
Pretax Income $518.0K $830.0K $2.150M
YoY Change 29.82% -25.89% -9.09%
Income Tax $132.0K $190.0K $500.0K
% Of Pretax Income 25.48% 22.89% 23.26%
Net Earnings $386.0K $640.0K $1.613M
YoY Change 25.73% -90.57% -79.89%
Net Earnings / Revenue 12.5% 20.98% 13.57%
Basic Earnings Per Share $0.03 $0.11
Diluted Earnings Per Share $0.03 $0.04 $0.10
COMMON SHARES
Basic Shares Outstanding 14.15M 14.15M 15.32M
Diluted Shares Outstanding 14.76M 15.91M

Balance Sheet

Concept 2023 Q3 2023 Q2 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.940M $5.330M $5.330M
YoY Change -19.96% -30.99% -30.99%
Cash & Equivalents $5.944M $5.328M $5.330M
Short-Term Investments
Other Short-Term Assets $420.0K $220.0K $220.0K
YoY Change 288.89% 50.68% 50.68%
Inventory
Prepaid Expenses
Receivables $1.072M $1.145M $1.180M
Other Receivables $130.0K $100.0K $100.0K
Total Short-Term Assets $7.591M $6.834M $6.830M
YoY Change -17.66% -32.05% -32.09%
LONG-TERM ASSETS
Property, Plant & Equipment $231.0K $258.0K $1.490M
YoY Change -31.86% -29.32% -26.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.230M $5.340M $5.340M
YoY Change -9.39% -7.48% -7.48%
Total Long-Term Assets $7.138M $7.403M $7.410M
YoY Change -14.07% -12.47% -12.39%
TOTAL ASSETS
Total Short-Term Assets $7.591M $6.834M $6.830M
Total Long-Term Assets $7.138M $7.403M $7.410M
Total Assets $14.73M $14.24M $14.24M
YoY Change -15.96% -23.11% -23.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $580.0K $500.0K $500.0K
YoY Change -15.82% -25.26% -25.26%
Accrued Expenses $1.172M $890.0K $1.350M
YoY Change -19.0% -17.74% -14.12%
Deferred Revenue $222.0K $342.0K
YoY Change -44.64% -36.43%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.423M $2.198M $2.200M
YoY Change -20.16% -23.94% -23.88%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.450M $1.650M $1.650M
YoY Change -29.95% -25.47% -25.47%
Total Long-Term Liabilities $1.450M $1.650M $1.650M
YoY Change -29.95% -25.47% -25.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.423M $2.198M $2.200M
Total Long-Term Liabilities $1.450M $1.650M $1.650M
Total Liabilities $3.873M $3.846M $3.850M
YoY Change -24.13% -24.65% -24.57%
SHAREHOLDERS EQUITY
Retained Earnings $2.825M $2.439M
YoY Change 149.34% 195.28%
Common Stock $38.06M $37.98M
YoY Change 0.9% 0.92%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.86M $10.39M $10.39M
YoY Change
Total Liabilities & Shareholders Equity $14.73M $14.24M $14.24M
YoY Change -15.96% -23.11% -23.09%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2023
OPERATING ACTIVITIES
Net Income $386.0K $640.0K $1.613M
YoY Change 25.73% -90.57% -79.89%
Depreciation, Depletion And Amortization $34.00K $50.00K $141.0K
YoY Change -2.86% 2.04% 0.71%
Cash From Operating Activities $628.0K $1.400M $2.629M
YoY Change -44.67% 62.98% 89.96%
INVESTING ACTIVITIES
Capital Expenditures $22.00K $50.00K $65.00K
YoY Change 57.14% -154.95% -1.52%
Acquisitions
YoY Change
Other Investing Activities $20.00K $120.0K $220.0K
YoY Change -33.33% -53.85% -56.0%
Cash From Investing Activities -$12.00K $60.00K -$15.00K
YoY Change -47.83% -64.5% -104.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.979M
YoY Change 872.46%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 -5.009M
YoY Change -100.0% -100.0% 115.07%
NET CHANGE
Cash From Operating Activities 628.0K 1.400M 2.629M
Cash From Investing Activities -12.00K 60.00K -15.00K
Cash From Financing Activities 0.000 0.000 -5.009M
Net Change In Cash 616.0K 1.460M -2.395M
YoY Change -303.97% 200.41% 294.56%
FREE CASH FLOW
Cash From Operating Activities $628.0K $1.400M $2.629M
Capital Expenditures $22.00K $50.00K $65.00K
Free Cash Flow $606.0K $1.350M $2.564M
YoY Change -45.94% 42.11% 94.54%

Facts In Submission

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RAVE RESTAURANT GROUP, INC.
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53000
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2150000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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2365000

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