$RAVE
RAVE RESTAURANT GROUP, INC.

2023 Q4 Form 10-Q Financial Statement

#000114036123051013 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $2.792M $3.089M $3.005M
YoY Change -2.58% 2.8% 17.7%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.351M $1.340M $1.347M
YoY Change -7.34% -0.52% 11.23%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $62.00K $34.00K $35.00K
YoY Change 16.98% -2.86% -20.45%
% of Gross Profit
Operating Expenses $2.252M $2.570M $2.600M
YoY Change -5.3% -1.15% 16.02%
Operating Profit
YoY Change
Interest Expense $0.00 $0.00 $1.000K
YoY Change -100.0% -95.83%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $540.0K $518.0K $399.0K
YoY Change 10.66% 29.82% 38.54%
Income Tax -$13.00K $132.0K $92.00K
% Of Pretax Income -2.41% 25.48% 23.06%
Net Earnings $553.0K $386.0K $307.0K
YoY Change 58.91% 25.73% 7.72%
Net Earnings / Revenue 19.81% 12.5% 10.22%
Basic Earnings Per Share $0.04 $0.03 $0.02
Diluted Earnings Per Share $0.04 $0.03 $0.02
COMMON SHARES
Basic Shares Outstanding 14.59M 14.15M 16.40M
Diluted Shares Outstanding 14.47M 14.76M 16.63M

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.306M $5.940M $7.421M
YoY Change 54.74% -19.96% -5.78%
Cash & Equivalents $5.306M $5.944M $7.421M
Short-Term Investments
Other Short-Term Assets $495.0K $420.0K $108.0K
YoY Change 334.21% 288.89% -28.0%
Inventory
Prepaid Expenses
Receivables $1.193M $1.072M $1.486M
Other Receivables $82.00K $130.0K $170.0K
Total Short-Term Assets $7.106M $7.591M $9.219M
YoY Change 41.55% -17.66% -2.54%
LONG-TERM ASSETS
Property, Plant & Equipment $208.0K $231.0K $339.0K
YoY Change -31.58% -31.86% -85.88%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.271M $5.230M $5.772M
YoY Change -5.71% -9.39%
Total Long-Term Assets $7.054M $7.138M $8.307M
YoY Change -11.92% -14.07% 166.51%
TOTAL ASSETS
Total Short-Term Assets $7.106M $7.591M $9.219M
Total Long-Term Assets $7.054M $7.138M $8.307M
Total Assets $14.16M $14.73M $17.53M
YoY Change 8.68% -15.96% 39.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $653.0K $580.0K $689.0K
YoY Change 12.98% -15.82% 32.25%
Accrued Expenses $449.0K $1.172M $1.447M
YoY Change -7.8% -19.0% 49.18%
Deferred Revenue $163.0K $222.0K $401.0K
YoY Change -44.18% -44.64%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.697M $2.423M $3.035M
YoY Change -8.57% -20.16% -21.94%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.362M $1.450M $2.070M
YoY Change -28.77% -29.95% -21.23%
Total Long-Term Liabilities $1.362M $1.450M $2.070M
YoY Change -28.77% -29.95% -21.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.697M $2.423M $3.035M
Total Long-Term Liabilities $1.362M $1.450M $2.070M
Total Liabilities $3.059M $3.873M $5.105M
YoY Change -18.82% -24.13% -21.65%
SHAREHOLDERS EQUITY
Retained Earnings $3.378M $2.825M $1.133M
YoY Change 128.09% 149.34%
Common Stock $37.75M $38.06M $37.72M
YoY Change -0.15% 0.9%
Preferred Stock
YoY Change
Treasury Stock (at cost) $26.43M
YoY Change
Treasury Stock Shares $8.690M
Shareholders Equity $11.10M $10.86M $12.42M
YoY Change
Total Liabilities & Shareholders Equity $14.16M $14.73M $17.53M
YoY Change 8.68% -15.96% 39.36%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income $553.0K $386.0K $307.0K
YoY Change 58.91% 25.73% 7.72%
Depreciation, Depletion And Amortization $62.00K $34.00K $35.00K
YoY Change 16.98% -2.86% -20.45%
Cash From Operating Activities -$325.0K $628.0K $1.135M
YoY Change -5.25% -44.67% -430.9%
INVESTING ACTIVITIES
Capital Expenditures $16.00K $22.00K $14.00K
YoY Change -80.95% 57.14% -136.84%
Acquisitions
YoY Change
Other Investing Activities $10.00K $20.00K $30.00K
YoY Change -66.67% -33.33% -47.37%
Cash From Investing Activities -$6.000K -$12.00K -$23.00K
YoY Change -88.89% -47.83% -221.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -311.0K 0.000 -1.414M
YoY Change -91.35% -100.0% 987.69%
NET CHANGE
Cash From Operating Activities -325.0K 628.0K 1.135M
Cash From Investing Activities -6.000K -12.00K -23.00K
Cash From Financing Activities -311.0K 0.000 -1.414M
Net Change In Cash -642.0K 616.0K -302.0K
YoY Change -83.92% -303.97% -33.48%
FREE CASH FLOW
Cash From Operating Activities -$325.0K $628.0K $1.135M
Capital Expenditures $16.00K $22.00K $14.00K
Free Cash Flow -$341.0K $606.0K $1.121M
YoY Change -20.14% -45.94% -467.54%

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