Relief rally for CAVA Group after IPO lockup expires without any fireworks I MAY OF MISIDENTIFIED BIRK AS HAVING LOCK UP EXPIRING---
FIZZ is taking off on low volume. Actually probably high volume for it. They had a great report. Revenue came in light, but there was only one analyst reporting estimates. YOY they kicked ass.
Rising Market make’s us all look better than we are The option volume on MOR $9.65 looks odd. Will the Biotech King comment on it?
The bio-king is ranting and raving about ITCI... whatever that is. If he gets two in a row, we'll never hear the end of it.
He's doing the Peter Lynch market research for $RICK's earnings tonight. RICK---> $61.98 RCI Hospitality Holdings, Inc., through its subsidiaries, engages in the hospitality and related businesses in the United States. The company operates through Nightclubs, Bombshells, and Other segments. It owns and/or operates upscale adult nightclubs serving primarily businessmen and professionals under the Rick's Cabaret, Jaguars Club, Tootsie's Cabaret, XTC Cabaret, Club Onyx, Hoops Cabaret and Sports Bar, Scarlett's Cabaret, Diamond Cabaret, Cheetah Gentlemen's Club, PT's Showclub, Playmates Club, Country Rock Cabaret, La Boheme Gentlemen's Cabaret, Temptations Adult Cabaret, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Cabaret East, The Seville, Silver City Cabaret, Heartbreakers Gentlemen's Club, and Kappa Men's Club names; and a dance club under the Studio 80 brand. The company also owns, operates, and franchises restaurants and sports bars under the Bombshells Restaurant & Bar brand. In addition, it owns a national industry convention and tradeshow; two national industry trade publications; and two national industry award shows, as well as approximately a dozen industry and social media websites, which serves adult nightclubs industry and the adult retail products industry.
Revenue for the third quarter of fiscal 2024 increased 11.5% to $28.7 million, as compared to $25.7 million in the same year-ago quarter. The increase was largely attributable to volume gains driven by same-customer cross-selling, the acquisition of new customers and successful pricing actions. Gross profit increased 31.6% to $8.6 million, or 30.1% of total revenues, in the third quarter of fiscal 2024, as compared to $6.6 million, or 25.5% of total revenues, in the same year-ago quarter. The increase in gross margin was primarily attributable to successful pricing actions, the normalization of commodity costs and improvements in procurement, manufacturing and logistics efficiencies. Operating expenses totaled $5.9 million in the third quarter of fiscal 2024, as compared to $5.1 million in the same year-ago quarter. As a percentage of sales, operating expenses increased in the third quarter of fiscal 2024 to 20.7% from 19.7%. Operating expenses, as a percentage of sales, increased due to the addition of several new key hires, who brought new and differentiated capabilities to the organization. Net income for the third quarter of fiscal 2024 increased 83.0% to $2.0 million, or $0.05 per diluted share, as compared to a net income of $1.1 million, or $0.03 per diluted share, in the same year-ago quarter. This quarter’s net income totaled 7.0% of revenue, in line with management expectations in the mid-single-digit range. Adjusted EBITDA, a non-GAAP term, increased 67.6% to $3.5 million for the third quarter of fiscal 2024, as compared to an adjusted EBITDA of $2.1 million in the same year-ago quarter. Cash and cash equivalents as of October 31, 2023 were $5.6 million, as compared to $4.4 million as of January 31, 2023. The increase in cash and cash equivalents was driven by $1.5 million in cash flow from operations in the third quarter of fiscal 2024, $1.0 million of which was used to pay down the Company’s debt. As of October 31, 2023 total debt stood at $9.9 million.