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. (OTCQB:NROM) is an Indianapolis-based franchisor, licensor and operator of the Noble Roman’s Pizza brand and the Noble Roman’s Craft Pizza & Pub concept. The NROM news feed on Stock Titan aggregates company press releases and related coverage so readers can follow developments across its restaurant and franchising operations.
According to recent announcements, Noble Roman’s regularly reports quarterly and annual financial data, including revenue, net income before taxes, segment performance for company-owned Craft Pizza & Pub locations, non-traditional company-owned units, and its convenience store pizza program. News items also discuss trends in same-store sales, contribution margins and EBITDA, giving insight into how different parts of the business are performing over time.
Investors and followers of the food service contractors and restaurant franchising space can use this page to track non-traditional franchise expansion in convenience stores and travel plazas, updates on the company’s backlog of sold but unopened units, and commentary on expected unit openings. Noble Roman’s also issues releases on financing and capital structure, such as extensions and amendments to its senior lending facility with Corbel Capital Partners and efforts to secure new financing arrangements.
Beyond financial and financing updates, Noble Roman’s news highlights product and marketing initiatives within the Craft Pizza & Pub segment, including limited-time offerings like the “Xtra-Stuffed Crust” pizza and other promotional pizzas. The company also reports on corporate governance and audit matters, such as changes to its board of directors, annual meeting developments, and the engagement of a new independent auditor. Readers interested in NROM can return to this page to review historical releases and monitor new announcements as they are published.
Noble Roman's (OTCQB:NROM) has announced a conference call scheduled for May 20th, 2024, from 4:00 to 4:45 PM EDT. The Indianapolis-based franchisor and licensor of Noble Roman's Pizza and Noble Roman's Craft Pizza & Pub invites interested parties to join the call by dialing 317-300-7896 and using participation code 499795. Participants can ask questions by pressing 5* when the Q&A session is announced. The call will address the company's future revenues, profitability, financial resources, market demand, and product development.
Noble Roman's (OTCQB:NROM) reported its financial results for the year 2023. Key highlights include a net income of $1.8 million, a significant improvement from a net loss of $1.3 million in 2022. Operating income surged to $3.4 million from $428 thousand in the previous year. Total revenues were stable at $14.4 million compared to $14.5 million in 2022. The company also reported a cash balance increase to $872 thousand from $786 thousand in 2022.
Noteworthy achievements include a substantial increase in non-traditional venue revenues to $4.7 million from $4.0 million and the opening of 61 new non-traditional units. Revenues from company-owned restaurant locations fell to $9.7 million from $10.4 million. Additionally, the company entered into a 100-unit Development Agreement with Majors Management,
Interest expenses decreased to $1.7 million from $1.9 million in 2022, and general and administrative expenses decreased to $1.5 million from $2.2 million. The company applied for Employee Retention Tax Credits (ERTC) amounting to $1.45 million. Despite inflationary pressures, the cost of sales and salaries as a percentage of revenue decreased.
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