ONE Group Hospitality Inc
For the period ended Dec 31, 2023. Filed Mar 14, 2024.
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FY2023 · Filed Mar 14, 2024
STKS$0.98-3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Income (Loss)
(in thousands, except earnings per share and related share information)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · For the year ended December 31, | ||||||
| · 2023 · 2022 | ||||||
| Revenues: · · | ||||||
| Owned restaurant net revenue | | $317,366 | | $300,859 | ||
| Management, license and incentive fee revenue | | 15,403 | | 15,779 | ||
| Total revenues | | 332,769 | | 316,638 | ||
| Cost and expenses: | | | ||||
| Owned operating expenses: | | | | | | |
| Owned restaurant cost of sales | | 75,727 | | 75,365 | ||
| Owned restaurant operating expenses | | 191,250 | | 174,689 | ||
| Total owned operating expenses | | 266,977 | | 250,054 | ||
| General and administrative (including stock-based compensation of $5,032 and $3,985 for the years ended December 31, 2023 and 2022, respectively) | | 30,751 | | 29,081 | ||
| Depreciation and amortization | | 15,664 | | 12,134 | ||
| Pre-opening expenses | | 8,855 | | 5,519 | ||
| Transaction costs | | 207 | | 123 | ||
| Lease termination expenses | | — | | 257 | ||
| COVID-19 related expenses | | — | | 2,534 | ||
| Other expenses | | 1,021 | | 630 | ||
| Total costs and expenses | | 323,475 | | 300,332 | ||
| Operating income | | 9,294 | | 16,306 | ||
| Other expenses, net: | | | ||||
| Interest expense, net of interest income | | 7,028 | | 2,113 | ||
| Total other expenses, net | | 7,028 | | 2,113 | ||
| Income before provision for income taxes | | 2,266 | | 14,193 | ||
| (Benefit) provision for income taxes | | (1,760) | | 874 | ||
| Net income | | 4,026 | | 13,319 | ||
| Less: net loss attributable to noncontrolling interest | | (692) | | (215) | ||
| Net income attributable to The ONE Group Hospitality, Inc. | | $4,718 | | $13,534 | ||
| Currency translation loss | | (61) | | (224) | ||
| Comprehensive income attributable to The One Group Hospitality, Inc. | | $4,657 | | $13,310 | ||
| | | | ||||
| Net income attributable to The ONE Group Hospitality, Inc. per share: | | | ||||
| Basic net income per share | | $0.15 | | $0.42 | ||
| Diluted net income per share | | $0.15 | | $0.40 | ||
| | | | ||||
| Shares used in computing basic income per share | | 31,556,437 | | 32,400,515 | ||
| Shares used in computing diluted income per share | | 32,287,864 | | 33,871,797 | ||
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