$RAVE
RAVE RESTAURANT GROUP, INC.

2024 Q1 Form 10-Q Financial Statement

#000114036124005023 Filed on February 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4
Revenue $2.962M $2.792M
YoY Change -0.27% -2.58%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.364M $1.351M
YoY Change -9.91% -7.34%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $58.00K $62.00K
YoY Change 7.41% 16.98%
% of Gross Profit
Operating Expenses $2.153M $2.252M
YoY Change -14.97% -5.3%
Operating Profit
YoY Change
Interest Expense $45.00K $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $854.0K $540.0K
YoY Change 94.98% 10.66%
Income Tax $200.0K -$13.00K
% Of Pretax Income 23.42% -2.41%
Net Earnings $654.0K $553.0K
YoY Change 102.48% 58.91%
Net Earnings / Revenue 22.08% 19.81%
Basic Earnings Per Share $0.04 $0.04
Diluted Earnings Per Share $0.04 $0.04
COMMON SHARES
Basic Shares Outstanding 14.59M 14.59M
Diluted Shares Outstanding 14.74M 14.47M

Balance Sheet

Concept 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.318M $5.306M
YoY Change 63.38% 54.74%
Cash & Equivalents $6.318M $5.306M
Short-Term Investments
Other Short-Term Assets $466.0K $495.0K
YoY Change 133.0% 334.21%
Inventory
Prepaid Expenses
Receivables $1.338M $1.193M
Other Receivables $65.00K $82.00K
Total Short-Term Assets $8.214M $7.106M
YoY Change 42.7% 41.55%
LONG-TERM ASSETS
Property, Plant & Equipment $202.0K $208.0K
YoY Change -28.62% -31.58%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.095M $5.271M
YoY Change -7.36% -5.71%
Total Long-Term Assets $6.742M $7.054M
YoY Change -12.83% -11.92%
TOTAL ASSETS
Total Short-Term Assets $8.214M $7.106M
Total Long-Term Assets $6.742M $7.054M
Total Assets $14.96M $14.16M
YoY Change 10.87% 8.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $652.0K $653.0K
YoY Change 40.22% 12.98%
Accrued Expenses $674.0K $449.0K
YoY Change -9.77% -7.8%
Deferred Revenue $192.0K $163.0K
YoY Change -43.86% -44.18%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.939M $1.697M
YoY Change -4.76% -8.57%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.217M $1.362M
YoY Change -31.78% -28.77%
Total Long-Term Liabilities $1.217M $1.362M
YoY Change -31.78% -28.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.939M $1.697M
Total Long-Term Liabilities $1.217M $1.362M
Total Liabilities $3.156M $3.059M
YoY Change -17.38% -18.82%
SHAREHOLDERS EQUITY
Retained Earnings $4.032M $3.378M
YoY Change 123.5% 128.09%
Common Stock $37.80M $37.75M
YoY Change -0.26% -0.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.80M $11.10M
YoY Change
Total Liabilities & Shareholders Equity $14.96M $14.16M
YoY Change 10.87% 8.68%

Cashflow Statement

Concept 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income $654.0K $553.0K
YoY Change 102.48% 58.91%
Depreciation, Depletion And Amortization $58.00K $62.00K
YoY Change 7.41% 16.98%
Cash From Operating Activities $1.026M -$325.0K
YoY Change 132.65% -5.25%
INVESTING ACTIVITIES
Capital Expenditures $30.00K $16.00K
YoY Change -21.05% -80.95%
Acquisitions
YoY Change
Other Investing Activities $16.00K $10.00K
YoY Change -54.29% -66.67%
Cash From Investing Activities -$14.00K -$6.000K
YoY Change 366.67% -88.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -311.0K
YoY Change -91.35%
NET CHANGE
Cash From Operating Activities 1.026M -325.0K
Cash From Investing Activities -14.00K -6.000K
Cash From Financing Activities 0.000 -311.0K
Net Change In Cash 1.012M -642.0K
YoY Change 131.05% -83.92%
FREE CASH FLOW
Cash From Operating Activities $1.026M -$325.0K
Capital Expenditures $30.00K $16.00K
Free Cash Flow $996.0K -$341.0K
YoY Change 147.15% -20.14%

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