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 (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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