Make it sure to read Rave Restaurant Group Inc (NASDAQ: RAVE) quarterly & yearly highlights

On Friday, Rave Restaurant Group Inc (NASDAQ: RAVE) closed with moved down of -1.44% to $1.72. Recent traded volume was 2.05 K shares versus to it an average volume of 28.86 K shares. The business holds 15.34 M shares exceptional and market cap of $26.31 M. The stock day variety was taped in between a low of $1.66 and a high $1.72.

Rave Restaurant Group Inc (NASDAQ: RAVE) just recently specified monetary outcomes for the 4th quarter and fiscal year ended June 30, 2019.

Fourth Quarter Highlights:

Changed EBITDA of $ 1.2 M for the 2019 financial year was a raise of $ 0.6 M contrast to the very same period of the previous year.

The Companys net loss of $ 0.8 M in fiscal 2019, or $ 0.05 per diluted share, was a reduction of $ 2.7 M, or $ 0.18 per diluted share, contrast to the very same period of the previous year. The reduction in earnings for financial 2019 contrast to the previous year was mainly Because of reduced tax advantage of $ 3.3 M partially balanced out by a $ 0.2 M enhancement in continuing operations prior to taxes and the absence of the previous years $ 0.4 M in bottom line from terminated operations.

Adjusted EBITDA of a $ 0.3 M loss in the fourth quarter of financial 2019was a reduction of $ 0.6 M contrast to the exact same duration of the previous year.

The Companys bottom line of $ 0.8 M in the 4th quarter of fiscal 2019, or $ 0.05 per diluted share, was a decrease of $ 4.2 M, or $ 0.26 per diluted share, contrast to the exact same period of the previous year. The decline in net income in the 4th quarter of financial 2019 over the previous year was largely Because of increases in problems of long-lived possessions and other lease charges of $ 1.1 M and decreased tax advantage of $ 3.0 M contrast to the same period of the previous year.

Total profits increased to $ 3.1 M for the fourth quarter of fiscal 2019 contrast to $ 2.8 M for the exact same period of the previous year.
The Company tape-recorded a bottom line of $ 0.8 M for the fourth quarter of fiscal 2019 contrast to earnings of $ 3.3 M for the very same period of the previous year.
The Company preserved its appraisal allowance versus net postponed tax assets in the fourth quarter of financial 2019 contrast to a partial turnaround in the very same duration of the previous year that led to a $ 3.4 M tax benefit.
On a totally watered down basis, the Company had a bottom line of $ 0.05 per share for the 4th quarter of fiscal 2019 contrast to earnings of $ 0.21 per share for the same duration of the previous year.
Adjusted EBITDA of a $ 0.3 M loss for the 4th quarter of financial 2019 minimized $ 0.6 M from the same period of the previous year.
Cash and money equivalents increased to $ 2.3 M since the end of the 4th quarter of financial 2019, a $ 0.3 M boost throughout the quarter.
Pizza Inn domestic unit count consisting of PIE finished at 155.
Pizza Inn international system count ended up at 48.
Pie Five domestic unit count finished at 58.

Yearly Highlights:

RAVE fiscal 2019 overall similar shop retail sales increased 0.5% contrast to fiscal 2018.
Pizza Inn financial 2019 domestic equivalent shop retail sales increased 2.6% from the previous year, while total domestic retail sales increased 1.8%.
Pie Five fiscal 2019 comparable shop retail sales lowered 4.4% from the previous year, while total system-wide retail sales minimized 14.6%.
Overall combined revenue lowered 18.5% in financial 2019 to $12.3 M.
Net earnings minimized by $2.7 M to a net loss of $0.8 M for financial 2019 contrast to net earnings of $1.9 M in the previous year.
The Company kept its appraisal allowance against net deferred tax possessions in fiscal 2019 contrast to a partial reversal in the previous year that resulted in a $3.4 M tax advantage.
On a fully diluted basis, the Company stated a net loss of $0.05 per share in fiscal 2019 contrast to earnings of $0.13 per share in the previous year.
Changed EBITDA of $1.2 M for financial 2019 was a $0.6 M increase from the previous year.

Teresa Perez

Teresa Perez– Earnings I am known as Teresa Perez, I am a writer and an industrialist by profession. My age is 33 years. My aim is to gather the attention of the targeted audience without being boring and unexciting. I like to utilize the free time in writing my views and thoughts for my book lovers or readers. My most preferred articles are usually about services and business; however, I have written various topics in my articles. I do not have a specific genre. I get very creative when I have to express myself, I often sing, write or draw to portray my feelings. When it comes to my free time or you can say ‘ME-TIME’, I love to play with my cat, sleep an extra hour, or play my favorite video games. Address: 3287 Sycamore Fork Road Pompano Beach, FL 33064, United States of America Phone Number:  +1 954 214 1811 Email: [email protected]

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