Rave Restaurant Group, Inc. (RAVE) financial statements (2023 and earlier)

Company profile

Business Address 3551 PLANO PARKWAY
THE COLONY, TX 75056
State of Incorp.
Fiscal Year End June 30
SIC 514 - Groceries And Related Products (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,2328,3302,9692,2641,3864511,104
Cash and cash equivalents8,2328,3302,9692,2641,3864511,104
Restricted cash and investments  234    
Receivables9779119652791,5182,761 
Inventory, net of allowances, customer advances and progress billings   7679197
Inventory   7679197
Prepaid expense    273295430
Deferred costs35354438   
Assets held-for-sale, not part of disposal group   231   
Other undisclosed current assets6381,0977201,6511,5561,5403,141
Total current assets:9,88210,3734,9324,4704,7395,1264,872
Noncurrent Assets
Operating lease, right-of-use asset1,8762,0853,567
Property, plant and equipment3854453665001,5103,80812,979
Long-term investments and receivables26152449735803127382
Accounts and financing receivable, after allowance for credit loss26152449735803127382
Intangible assets, net (including goodwill)197183155196212  
Intangible assets, net (excluding goodwill)197183155196212  
Deposits noncurrent assets  5233243485272
Deferred costs219207231232   
Deferred tax assets, net4,060   
Other undisclosed noncurrent assets    3,479  
Total noncurrent assets:2,9382,9724,7735,9566,2474,42013,633
TOTAL ASSETS:12,82013,3459,70510,42610,9869,54618,505
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,1311,5681,2211,2341,8835,4305,035
Accounts payable6016444464007744,1653,815
Accrued liabilities5309247758341,1091,2651,220
Deferred revenue391626254
Debt1,6801,826   1,000 
Deferred rent credit   3732
Deferred revenue and credits 313464
Contract with customer, liability275
Other liabilities4646     
Other undisclosed current liabilities4754651,03983265  
Total current liabilities:3,7234,5312,5142,3781,9806,7435,499
Noncurrent Liabilities
Long-term debt and lease obligation1,6711,9115,0201,5841,5622,749 
Long-term debt, excluding current maturities  1,5491,5841,5622,749 
Operating lease, liability1,6711,9113,471
Liabilities, other than long-term debt, including:8661,1701,0112,030425330
Deferred revenue and credits 2,0803,573
Deferred revenue8661,170960
Contract with customer, liability1,561
Deferred rent credit   397433
Other liabilities  5172   
Other undisclosed liabilities, other than long-term debt    (391)(2,027)(3,543)
Other undisclosed noncurrent liabilities  657 1,1032,0803,573
Total noncurrent liabilities:2,5373,0816,6883,6142,7074,8823,603
Total liabilities:6,2607,6129,2025,9924,68711,6259,102
Stockholders' equity
Stockholders' equity attributable to parent, including:6,5605,7335034,4346,299(2,079)9,403
Common stock251251225222222178175
Treasury stock, value(24,537)(24,537)(24,537)(24,632)(24,636)(24,636)24,636
Additional paid in capital37,30037,21533,53133,32733,20626,78425,778
Retained earnings (accumulated deficit)(6,454)(7,196)(8,716)(4,483)(2,493)(4,405)8,086
Other undisclosed stockholders' equity attributable to parent      (49,272)
Total stockholders' equity:6,5605,7335034,4346,299(2,079)9,403
TOTAL LIABILITIES AND EQUITY:12,82013,3459,70510,42610,9869,54618,505

Income statement (P&L) ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues9,8118,59310,02812,31915,12057,11360,811
Revenue, net 57,113 
Cost of revenue(158)(264)(439)(1,120)(2,242)(4,468)(6,221)
Cost of goods and services sold     (3,896)(3,636)
Gross profit:9,6538,3299,58911,19912,87852,64554,590
Operating expenses(8,206)(7,403)(9,649)(11,896)(13,926)(64,759)(60,651)
Operating income (loss):1,447926(60)(697)(1,048)(12,114)(6,061)
Nonoperating income 657  100100 
Debt instrument, convertible, beneficial conversion feature    100100 
Other nonoperating income 657     
Interest and debt expense(93)(92)(95)(104)(183)(106)(4)
Other undisclosed income from continuing operations before equity method investments, income taxes657      
Income (loss) from continuing operations before equity method investments, income taxes:2,0111,491(155)(801)(1,131)(12,120)(6,065)
Other undisclosed income from continuing operations before income taxes47   8364
Income (loss) from continuing operations before income taxes:2,0581,491(155)(801)(1,048)(12,114)(6,061)
Income tax expense (benefit)2629(4,078)513,322(53)(2,713)
Income (loss) from continuing operations:2,0841,520(4,233)(750)2,274(12,167)(8,774)
Loss from discontinued operations    (362)(324)(112)
Net income (loss) available to common stockholders, basic:2,0841,520(4,233)(750)1,912(12,491)(8,886)
Interest on convertible debt 646563   
Other undisclosed net income available to common stockholders, diluted64      
Net income (loss) available to common stockholders, diluted:2,1481,584(4,168)(687)1,912(12,491)(8,886)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income (loss):2,0841,520(4,233)(750)1,912(12,491)(8,886)
Comprehensive income (loss), net of tax, attributable to parent:2,0841,520(4,233)(750)1,912(12,491)(8,886)

Statements sources

The financial statements are based on the company's filings with the 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.

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