Noble Roman's, Inc. reports on its pizza franchising and restaurant operations, including the Noble Roman's Pizza brand and Noble Roman's Craft Pizza & Pub. Company updates commonly cover quarterly and annual earnings, non-traditional franchise unit growth, same-store sales and margin contribution in company-owned Craft Pizza & Pub locations, and menu promotions.
News also includes public-company items such as auditor engagement, conference calls, debt maturity and senior lending facility changes, and other financing matters tied to the company's capital structure.
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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.
Noble Roman's reported 2021 revenue of $13.9 million, up from $11.5 million in 2020. The company achieved net income before tax of $382,000, a significant improvement from a $4.5 million loss in 2020. Adjusted EBITDA rose slightly to $2.6 million. Company-owned CPP revenues increased to $8.9 million from $6.2 million, but franchising revenue fell to $4.4 million from $4.8 million. Challenges included labor shortages and COVID-19 disruptions, with net loss for Q4 2021 at $451,000, down from $4.9 million in 2020.