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 investments | 8,232 | 8,330 | 2,969 | 2,264 | 1,386 | 451 | 1,104 | ||
| Cash and cash equivalents | 8,232 | 8,330 | 2,969 | 2,264 | 1,386 | 451 | 1,104 | ||
| Restricted cash and investments | 234 | ||||||||
| Receivables | 977 | 911 | 965 | 279 | 1,518 | 2,761 | |||
| Inventory, net of allowances, customer advances and progress billings | 7 | 6 | 79 | 197 | |||||
| Inventory | 7 | 6 | 79 | 197 | |||||
| Prepaid expense | 273 | 295 | 430 | ||||||
| Deferred costs | 35 | 35 | 44 | 38 | |||||
| Assets held-for-sale, not part of disposal group | 231 | ||||||||
| Other undisclosed current assets | 638 | 1,097 | 720 | 1,651 | 1,556 | 1,540 | 3,141 | ||
| Total current assets: | 9,882 | 10,373 | 4,932 | 4,470 | 4,739 | 5,126 | 4,872 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,876 | 2,085 | 3,567 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 385 | 445 | 366 | 500 | 1,510 | 3,808 | 12,979 | ||
| Long-term investments and receivables | 261 | 52 | 449 | 735 | 803 | 127 | 382 | ||
| Accounts and financing receivable, after allowance for credit loss | 261 | 52 | 449 | 735 | 803 | 127 | 382 | ||
| Intangible assets, net (including goodwill) | 197 | 183 | 155 | 196 | 212 | ||||
| Intangible assets, net (excluding goodwill) | 197 | 183 | 155 | 196 | 212 | ||||
| Deposits noncurrent assets | 5 | 233 | 243 | 485 | 272 | ||||
| Deferred costs | 219 | 207 | 231 | 232 | |||||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 4,060 | |||||
| Other undisclosed noncurrent assets | 3,479 | ||||||||
| Total noncurrent assets: | 2,938 | 2,972 | 4,773 | 5,956 | 6,247 | 4,420 | 13,633 | ||
| TOTAL ASSETS: | 12,820 | 13,345 | 9,705 | 10,426 | 10,986 | 9,546 | 18,505 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,131 | 1,568 | 1,221 | 1,234 | 1,883 | 5,430 | 5,035 | ||
| Accounts payable | 601 | 644 | 446 | 400 | 774 | 4,165 | 3,815 | ||
| Accrued liabilities | 530 | 924 | 775 | 834 | 1,109 | 1,265 | 1,220 | ||
| Deferred revenue | 391 | 626 | 254 | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 1,680 | 1,826 | 1,000 | ||||||
| Deferred rent credit | 37 | 32 | ✕ | ✕ | |||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 313 | 464 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | 275 | ✕ | ✕ | ✕ | ||
| Other liabilities | 46 | 46 | |||||||
| Other undisclosed current liabilities | 475 | 465 | 1,039 | 832 | 65 | ||||
| Total current liabilities: | 3,723 | 4,531 | 2,514 | 2,378 | 1,980 | 6,743 | 5,499 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,671 | 1,911 | 5,020 | 1,584 | 1,562 | 2,749 | |||
| Long-term debt, excluding current maturities | 1,549 | 1,584 | 1,562 | 2,749 | |||||
| Operating lease, liability | 1,671 | 1,911 | 3,471 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt, including: | 866 | 1,170 | 1,011 | 2,030 | 42 | 53 | 30 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 2,080 | 3,573 | |||
| Deferred revenue | 866 | 1,170 | 960 | ✕ | ✕ | ✕ | ✕ | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 1,561 | ✕ | ✕ | ✕ | ||
| Deferred rent credit | 397 | 433 | ✕ | ✕ | |||||
| Other liabilities | 51 | 72 | |||||||
| Other undisclosed liabilities, other than long-term debt | (391) | (2,027) | (3,543) | ||||||
| Other undisclosed noncurrent liabilities | 657 | 1,103 | 2,080 | 3,573 | |||||
| Total noncurrent liabilities: | 2,537 | 3,081 | 6,688 | 3,614 | 2,707 | 4,882 | 3,603 | ||
| Total liabilities: | 6,260 | 7,612 | 9,202 | 5,992 | 4,687 | 11,625 | 9,102 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 6,560 | 5,733 | 503 | 4,434 | 6,299 | (2,079) | 9,403 | ||
| Common stock | 251 | 251 | 225 | 222 | 222 | 178 | 175 | ||
| Treasury stock, value | (24,537) | (24,537) | (24,537) | (24,632) | (24,636) | (24,636) | 24,636 | ||
| Additional paid in capital | 37,300 | 37,215 | 33,531 | 33,327 | 33,206 | 26,784 | 25,778 | ||
| 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: | 6,560 | 5,733 | 503 | 4,434 | 6,299 | (2,079) | 9,403 | ||
| TOTAL LIABILITIES AND EQUITY: | 12,820 | 13,345 | 9,705 | 10,426 | 10,986 | 9,546 | 18,505 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 9,811 | 8,593 | 10,028 | 12,319 | 15,120 | 57,113 | 60,811 | |
| 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: | 9,653 | 8,329 | 9,589 | 11,199 | 12,878 | 52,645 | 54,590 | |
| Operating expenses | (8,206) | (7,403) | (9,649) | (11,896) | (13,926) | (64,759) | (60,651) | |
| Operating income (loss): | 1,447 | 926 | (60) | (697) | (1,048) | (12,114) | (6,061) | |
| Nonoperating income | 657 | 100 | 100 | |||||
| Debt instrument, convertible, beneficial conversion feature | 100 | 100 | ||||||
| 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 taxes | 657 | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 2,011 | 1,491 | (155) | (801) | (1,131) | (12,120) | (6,065) | |
| Other undisclosed income from continuing operations before income taxes | 47 | 83 | 6 | 4 | ||||
| Income (loss) from continuing operations before income taxes: | 2,058 | 1,491 | (155) | (801) | (1,048) | (12,114) | (6,061) | |
| Income tax expense (benefit) | 26 | 29 | (4,078) | 51 | 3,322 | (53) | (2,713) | |
| Income (loss) from continuing operations: | 2,084 | 1,520 | (4,233) | (750) | 2,274 | (12,167) | (8,774) | |
| Loss from discontinued operations | (362) | (324) | (112) | |||||
| Net income (loss) available to common stockholders, basic: | 2,084 | 1,520 | (4,233) | (750) | 1,912 | (12,491) | (8,886) | |
| Interest on convertible debt | 64 | 65 | 63 | |||||
| Other undisclosed net income available to common stockholders, diluted | 64 | |||||||
| Net income (loss) available to common stockholders, diluted: | 2,148 | 1,584 | (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): | 2,084 | 1,520 | (4,233) | (750) | 1,912 | (12,491) | (8,886) | |
| Comprehensive income (loss), net of tax, attributable to parent: | 2,084 | 1,520 | (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.