Welcome to our dedicated page for Noble Romans news (Ticker: NROM), a resource for investors and traders seeking the latest updates and insights on Noble Romans stock.
Noble Roman's, Inc. (NROM) operates as a leading franchisor of pizza and sub foodservice systems, serving diverse venues through its Craft Pizza & Pub concept and licensed partnerships. This page aggregates all material developments including financial disclosures, operational milestones, and strategic initiatives.
Investors and industry observers will find authoritative updates on earnings reports, franchise network expansions, menu innovations, and partnership agreements. Content is curated to provide actionable insights into the company's performance within the competitive foodservice sector.
Key coverage areas: quarterly financial results, new venue deployments, leadership updates, product launches, and franchising program enhancements. All information is sourced from official company communications to ensure reliability.
Bookmark this page for streamlined access to Noble Roman's evolving business narrative. Check regularly for developments impacting the company's position in franchised dining and non-traditional foodservice markets.
Noble Roman's (NROM) has launched its new 'Xtra-Stuffed Crust Pizza' at all 9 Indianapolis metro area Noble Roman's Craft Pizza & Pub locations. The limited-time offering features double the amount of real Mozzarella cheese in the hand-rolled crust compared to the pizza's top.
The pizza's unique features include a blend of Muenster cheese for extra creaminess, a pinch of oregano for authentic Italian flavor, and scratch-made dough that proofs for 24 hours. Each order comes with a complimentary buttery garlic dipping sauce and customers can choose from 30 different toppings.
["Introduction of premium product with double cheese content", "Available across all 9 Indianapolis metro locations", "Includes free buttery garlic dipping sauce", "Features scratch-made dough with 24-hour proofing process"]Noble Roman's (OTCQB:NROM), a pizza franchise company, reported strong Q1 2025 financial results. The company achieved a significant turnaround with net income before taxes of $171,885 compared to a net loss of $86,477 in Q1 2024. Total revenue increased by 2.6% to $3.8 million despite challenging weather conditions.
The company's Craft Pizza & Pub segment showed resilience with same-store sales growth of 1.2% in Q1, followed by stronger growth of 2.7% in April and 9.3% in May 2025. The non-traditional franchise segment is projected to add 60-70 new units in 2025, building on the 68 units opened in 2024.
Noble Roman's is working with a new placement agent to secure financing to retire current debt obligations, including the Corbel Capital Partners loan which has been extended to June 30, 2026.
Noble Roman's (OTCQB:NROM) has secured an extension of its senior lending facility with Corbel Capital Partners until June 30, 2026. The new agreement modifies the interest terms to SOFR +9.0% with no PIK interest, compared to the previous SOFR +7.75% plus 3% PIK interest structure.
Key changes include:
- Monthly principal payments increased from $83,333 to $91,667
- Extension fee of approximately $66,000 paid at closing
- Corbel's warrant exercise period extended to February 2030
- Warrant exercise price reduced from $0.30 to $0.10 per share
- New warrant issued for up to 750,000 shares
Additional warrants will be issued if the senior note isn't redeemed by August 14, 2025, including 500,000 shares initially and 250,000 shares monthly thereafter.
Noble Roman's (OTCQB:NROM) has secured a 60-day extension of its senior lending facility with Corbel Capital Partners until April 7, 2025. The extension aims to provide time to secure optimal terms for the company's financial restructuring, including the repayment of both Corbel loan and subordinated debt.
The company reports a strong start to 2025 in its non-traditional franchising segment, particularly in convenience stores, with new units both sold and opened in January. This performance is notable as Q1 typically experiences slower convenience store franchise growth. Based on this early momentum, Noble Roman's expresses optimism about matching or exceeding its 2024 unit growth figures.
Noble Roman's (OTCQB:NROM) announced significant expansion of its non-traditional franchises, particularly in convenience stores and travel plazas. The company expects to open approximately 19 new franchise locations in Q4 2024, including three new units for Majors Management This brings the total new unit openings for 2024 to approximately 70 locations.
The company is also building a substantial backlog of new units scheduled to open in Q1 2025, including additional Majors Management locations. Company-owned Craft Pizza & Pub locations are showing positive same-store sales growth compared to last year, with expectations for this trend to continue through Q4 and into Q1 2025. The company plans to refinance its existing senior loan and subordinated debentures.
Noble Roman's (OTCQB:NROM) reported Q3 2024 financial results with net income of $193,000 and operating income of $417,000. Franchising revenue increased to $1.4 million from $1.3 million in 2023. Company-owned Craft Pizza & Pub restaurants saw same-store sales rise nearly 1% in Q3, with recent weeks showing a 5.2% increase. For the nine-month period, the company reported net income of $164,000 and franchising revenue of $4.3 million, up from $3.7 million in 2023. Ongoing royalty income increased 22.5% to $3.9 million. The company opened approximately 53 new franchise locations with plans for 20 more this year.
Noble Roman's (OTCQB:NROM), the Indianapolis-based pizza franchisor, has announced it will release its 2024 third quarter financial results on November 13th after market close. The company will host a conference call on November 14th from 4:00 to 4:45 PM EST.
Interested participants can join the call by dialing 317-300-7896 with participation code 499795. Callers will have the opportunity to ask questions during the Q&A session by pressing 5*.
Noble Roman's, Inc. (OTCQB:NROM) has announced the engagement of Sassetti, as its new independent auditor for the year-ended December 31, 2024 and quarterly reviews. Sassetti, founded in 1921 and based in Oak Brook, Illinois, brings extensive experience in auditing companies similar to Noble Roman's, with a strong focus on the foodservice industry and public companies.
Key points:
- Sassetti is a PCAOB firm and member of the BDO Alliance USA
- The audit team will be led by Izabela Poludniak, CPA, with over 15 years of public accounting experience
- Sassetti's proximity to Noble Roman's headquarters in Indianapolis enables an onsite relationship
- The firm has experience with multi-unit franchisors and public companies
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