Rave Restaurant Group Inc. (RAVE) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
3551 PLANO PARKWAY THE COLONY, TX 75056 |
| State of Incorp. | MO |
| Fiscal Year End | June 30 |
| Industry (SIC) | 514 - Groceries And Related Products (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 MRQ | 12/31/2023 MRQ | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 5,306 | 5,328 | 7,723 | 8,330 | 2,969 | 2,264 | |||
| Cash and cash equivalents | 5,306 | 5,328 | 7,723 | 8,330 | 2,969 | 2,264 | |||
| Restricted cash and investments | 234 | ||||||||
| Receivables | 1,193 | 1,145 | 1,981 | 911 | 965 | 279 | |||
| Inventory, net of allowances, customer advances and progress billings | 7 | ||||||||
| Inventory | 7 | ||||||||
| Deferred costs | 30 | 33 | 36 | 35 | 44 | 38 | |||
| Asset, held-for-sale, not part of disposal group | 37 | 19 | 231 | ||||||
| Other undisclosed current assets | 540 | 309 | 318 | 1,097 | 720 | 1,651 | |||
| Total current assets: | 7,106 | 6,834 | 10,058 | 10,373 | 4,932 | 4,470 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,008 | 1,227 | 1,664 | 2,085 | 3,567 | ✕ | |||
| Property, plant and equipment | 208 | 258 | 365 | 445 | 366 | 500 | |||
| Long-term investments and receivables | 61 | 28 | 201 | 52 | 449 | 735 | |||
| Accounts and financing receivable, after allowance for credit loss | 61 | 28 | 201 | 52 | 449 | 735 | |||
| Intangible assets, net (including goodwill) | 294 | 328 | 232 | 183 | 155 | 196 | |||
| Intangible assets, net (excluding goodwill) | 294 | 328 | 232 | 183 | 155 | 196 | |||
| Deposits noncurrent assets | 5 | 233 | |||||||
| Deferred costs | 212 | 220 | 224 | 207 | 231 | 232 | |||
| Deferred income tax assets | 5,271 | 5,342 | 5,772 | ✕ | |||||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 4,060 | ||
| Total noncurrent assets: | 7,054 | 7,403 | 8,458 | 2,972 | 4,773 | 5,956 | |||
| TOTAL ASSETS: | 14,160 | 14,237 | 18,516 | 13,345 | 9,705 | 10,426 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,102 | 1,392 | 2,626 | 1,568 | 1,221 | 1,234 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 875 | |||||
| Accounts payable | 653 | 502 | 669 | 644 | 446 | 400 | |||
| Accrued liabilities | 449 | 890 | 1,082 | 924 | 775 | 834 | |||
| Deferred revenue | 163 | 342 | 538 | 626 | 254 | ✕ | |||
| Debt | 30 | 1,826 | |||||||
| Deferred rent credit | 37 | ||||||||
| Other liabilities | 1 | 81 | 46 | ||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 275 | ||
| Other undisclosed current liabilities | 432 | 463 | (385) | 465 | 1,039 | 832 | |||
| Total current liabilities: | 1,697 | 2,198 | 2,890 | 4,531 | 2,514 | 2,378 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,421 | 1,911 | 5,020 | 1,584 | |||||
| Long-term debt, excluding current maturities | 1,549 | 1,584 | |||||||
| Liabilities, other than long-term debt | 1,362 | 1,648 | 793 | 1,170 | 1,011 | 2,030 | |||
| Deferred revenue | 622 | 690 | 793 | 1,170 | 960 | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,561 | ||
| Deferred rent credit | 397 | ||||||||
| Other liabilities | 51 | 72 | |||||||
| Operating lease, liability | 740 | 958 | 1,421 | 1,911 | 3,471 | ✕ | |||
| Other undisclosed noncurrent liabilities | 657 | ||||||||
| Total noncurrent liabilities: | 1,362 | 1,648 | 2,214 | 3,081 | 6,688 | 3,614 | |||
| Total liabilities: | 3,059 | 3,846 | 5,104 | 7,612 | 9,202 | 5,992 | |||
| Equity | |||||||||
| Equity, attributable to parent | 11,101 | 10,391 | 13,412 | 5,733 | 503 | 4,434 | |||
| Common stock | 255 | 251 | 251 | 251 | 225 | 222 | |||
| Treasury stock, value | (30,028) | (30,028) | (25,049) | (24,537) | (24,537) | (24,632) | |||
| Additional paid in capital | 37,496 | 37,729 | 37,384 | 37,215 | 33,531 | 33,327 | |||
| Retained earnings (accumulated deficit) | 3,378 | 2,439 | 826 | (7,196) | (8,716) | (4,483) | |||
| Total equity: | 11,101 | 10,391 | 13,412 | 5,733 | 503 | 4,434 | |||
| TOTAL LIABILITIES AND EQUITY: | 14,160 | 14,237 | 18,516 | 13,345 | 9,705 | 10,426 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 TTM | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 11,899 | 11,889 | 10,692 | 8,593 | 10,028 | 12,319 | ||
| Cost of revenue | (1) | (1) | (264) | (439) | (1,120) | |||
| Gross profit: | 11,899 | 11,888 | 10,691 | 8,329 | 9,589 | 11,199 | ||
| Operating expenses | (9,578) | (9,738) | (8,969) | (7,403) | (9,649) | (11,896) | ||
| Operating income (loss): | 2,321 | 2,150 | 1,722 | 926 | (60) | (697) | ||
| Nonoperating income (Other Nonoperating income) | 704 | 657 | ||||||
| Interest and debt expense | (1) | (61) | (92) | (95) | (104) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 2,321 | 2,149 | 2,365 | 1,491 | (155) | (801) | ||
| Other undisclosed income from continuing operations before income taxes | 1 | |||||||
| Income (loss) from continuing operations before income taxes: | 2,321 | 2,150 | 2,365 | 1,491 | (155) | (801) | ||
| Income tax expense (benefit) | (424) | (537) | 5,657 | 29 | (4,078) | 51 | ||
| Income (loss) from continuing operations: | 1,897 | 1,613 | 8,022 | 1,520 | (4,233) | (750) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 8,022 | 1,520 | (4,233) | (750) | |
| Net income (loss) available to common stockholders, basic: | 1,897 | 1,613 | 8,022 | 1,520 | (4,233) | (750) | ||
| Interest on convertible debt | 40 | 64 | 65 | 63 | ||||
| Net income (loss) available to common stockholders, diluted: | 1,897 | 1,613 | 8,062 | 1,584 | (4,168) | (687) | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 TTM | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 1,897 | 1,613 | 8,022 | 1,520 | (4,233) | (750) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 1,897 | 1,613 | 8,022 | 1,520 | (4,233) | (750) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.