Noble Romans Stock Price, News & Analysis

Noble Roman's reported a net loss of $872,964 for Q4 2022, with revenues of $3.329 million, compared to a net loss of $123,692 and revenues of $3.594 million in Q4 2021. For the year, the loss reached $1.056 million on revenues of $14.453 million, a decline from a profit of $509,465 and revenues of $13.885 million in 2021.

The company has opened 31 new non-traditional franchises in 2022 and continued growth in Q1 2023 with 11 new franchise sales. The Employee Retention Credit refund of $1.718 million is expected to enhance margins in 2023. Inflationary pressures and staffing issues remain concerns for business operations.

Noble Roman's, Inc. (OTCQB:NROM), based in Indianapolis, will report its 2022 4th quarter and year-end financial data on March 31 after market close. A conference call is scheduled for April 3 from 4:00 to 4:45 PM EST, where participants can dial 317-300-7896 with participation code 499795. The company warns that actual results may significantly differ from predictions due to various risks, including COVID-19 impacts, labor availability, inflation, and franchise dynamics. Investors and media can contact executives for further inquiries.

Noble Roman's has launched its new Monster Pizza, featuring over 30% more toppings and 60% more cheese than the standard pizza. Priced at just $2 more than a traditional large pizza, this limited-time offer emphasizes value and indulgence. The Monster Pizza, available in one size only, is designed to hold its generous toppings and cheese thanks to its pan-baking method. Participating locations across Indiana are serving this pizza, which is aimed at both loyal customers and new patrons seeking a unique dining experience.

Noble Roman's, Inc. (OTCQB:NROM) reported mixed financial results for Q3 2022. Total revenue increased to $3.9 million compared to $3.4 million in Q3 2021, driven by strong performance in company-owned Craft Pizza & Pub (CPP) locations, which achieved a margin increase to 15.2%. However, net income was $4,000, a decrease from a net loss of $79,000 in Q3 2021. Franchising revenue declined slightly to $1.1 million. The company sold 26 new non-traditional franchise locations in 2022, signaling potential growth, while overall operating environment challenges persist due to inflation and supply chain issues.

Noble Roman's, Inc. (OTCQB:NROM) will release its 3rd quarter financial data on November 9, 2022, after market closure. A conference call is scheduled for November 10 from 4:00 to 4:45 P.M. EST, and interested participants can join at 317-300-7896 with code 499795. The company warns that forward-looking statements regarding revenues and profitability are subject to risks, including market demand and labor availability, which could impact actual results.

Noble Roman's reports Q1 2022 revenues of $3.5 million, up from $3.3 million in Q1 2021, contrasting with a net loss of $137,000 compared to a net profit of $827,000 in the same period last year. The company faced challenges from labor shortages, supply chain disruptions, and high inflation. Company-owned revenues rose to $2.3 million, while franchise revenue slightly decreased to $1.03 million. The impact of the Omicron variant has notably reduced. Looking ahead, management expresses optimism for growth in both the Craft Pizza & Pub concept and franchising despite ongoing challenges.

Noble Roman's, Inc. (NROM) will release its 1st quarter financial data on May 11, 2022, after market closure. A conference call is scheduled for May 12, 2022, from 4:00 to 4:45 PM EDT for interested participants. Callers can join by dialing 317-300-7896 and using participation code 499795. The company cautions that future results may vary due to potential risks, including staffing challenges, inflation, and changes in market demand.