ONE GROUP HOSPITALITY, INC. STKS Income Statement

One group hospitality, inc. (STKS)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues:
Owned restaurant net revenue
38,557	52,753	17,120	18,809	20,093	28,125	15,312	15,520	15,076	16,554	13,189	14,683	14,228	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Owned food, beverage and other net revenues
-	-	2,065	2,134	-	-	1,960	2,083	2,005	1,767	2,144	2,431	3,885	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total owned revenue
-	-	19,185	20,943	-	-	17,272	17,603	17,081	-	15,333	17,114	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total owned revenue
-	-	-	-	-	-	-	-	-	-	-	-	18,113	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Management, license and incentive fee revenue
2,162	3,646	2,921	2,656	2,683	3,736	2,688	2,708	2,436	3,202	2,479	2,784	2,314	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Owned unit net revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,317	15,282	14,379	16,791	13,314	12,778	9,725	11,776	10,444	10,124	8,153	9,104	8,948	9,128	9,386	-	-	-	-	-	-	-	-	-	-
Management and incentive fee revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,061	1,943	2,014	1,808	1,939	2,121	2,051	2,615	1,945	2,143	2,119	1,751	2,137	1,853	1,595	-	-	-	-	-	-	-	-	-	-
Total revenues
40,719	52,200	22,106	23,599	22,776	25,813	19,960	20,311	19,517	21,523	17,812	19,898	20,427	20,413	18,379	17,226	16,393	18,600	15,253	14,900	11,776	14,392	12,390	12,267	10,272	10,855	11,085	10,981	10,981	60,120	0	0	0	0	0	0	0	0	0
Cost and expenses:
Owned operating expenses:
Owned operating expenses:
Owned restaurant cost of sales
10,113	13,439	4,472	5,068	5,026	6,868	4,050	4,037	4,034	4,394	3,436	3,838	3,876	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Owned restaurant operating expenses
26,499	32,527	10,783	11,856	12,717	17,139	9,779	9,399	9,378	9,388	8,911	9,408	9,369	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total owned restaurant expenses
-	-	15,255	16,924	-	-	13,829	13,436	13,412	13,782	12,347	13,246	13,245	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Owned food, beverage and other expenses
-	-	1,971	2,225	-	-	2,068	2,025	1,689	2,104	2,044	2,315	2,937	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total owned operating expenses
36,612	41,770	17,226	19,149	17,743	-	15,897	15,461	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total owned operating expenses
-	-	-	-	-	-	-	-	15,101	15,886	14,391	15,561	16,182	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Food and beverage costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,119	3,778	3,528	4,145	3,346	3,238	2,497	2,943	2,811	2,525	2,145	2,438	2,382	2,387	2,442	-	-	-	-	-	-	-	-	-	-
Unit operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,795	9,509	9,247	10,379	8,800	8,081	7,009	6,683	6,245	5,960	5,455	5,560	5,818	5,611	5,457	-	-	-	-	-	-	-	-	-	-
General and administrative (including stock-based compensation of $338 and $181 for the three months ended March 31, 2020 and 2019 respectively)
3,397	3,766	2,352	2,704	2,650	3,183	2,266	2,615	3,055	3,414	2,267	3,291	2,921	3,040	2,634	2,813	2,683	3,031	2,642	2,592	2,444	2,663	1,922	2,194	1,907	7,804	1,080	1,008	883	1,922	127	102	56	250	24	6	11	6	11
Settlements
-	-	-	-	-	-	-	-	-	-	500	795	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
2,440	2,355	1,103	1,004	942	249	896	901	778	430	950	805	866	818	758	547	522	571	630	569	420	-	-	348	323	259	341	379	476	-	-	-	-	-	-	-	-	-	-
Transaction and integration costs
1,095	-	358	152	-	-	-	-	-	-	0	254	-	-	505	0	-	-	405	100	-	-	0	0	-	-	1,026	-	-	-	-	-	-	-	-	-	-	-	-
COVID-19 related expenses
1,348	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease termination expenses
-179	-	-252	-141	-	-	-78	-90	-	-1,342	-402	-208	-273	-529	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Management and royalty fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7	0	21	24	-	-	74	21	24	18	20	20	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	327	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Management and royalty fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pre-opening expenses
-	20	0	63	482	35	449	671	210	309	94	722	470	1,512	2,035	1,545	900	866	1,634	1,690	1,074	2,741	315	586	246	637	-161	332	39	-	-	-	-	-	-	-	-	-	-
Equity in income of investee companies
-	-	-	-	-	71	34	100	-23	12	264	-153	45	181	178	231	82	310	205	354	168	560	268	205	114	385	163	167	233	-	-	-	-	-	-	-	-	-	-
Other income, net
1	20	-40	91	175	96	-38	66	111	-173	19	130	-12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total costs and expenses
45,070	41,795	21,331	23,122	21,642	-	19,624	19,538	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other (income) expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-61	-225	10	-102	275	329	811	1,227	30	-101	929	-90	-236	47	-	-	-	-	-	-	-	-	-	-
Total costs and expenses
-	-	-	-	-	-	-	-	19,056	21,659	18,321	21,659	20,679	22,146	20,748	18,124	17,023	20,670	16,220	12,272	13,581	12,081	11,077	8,660	10,153	29,229	10,669	10,033	9,194	-	-	-	-	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,145	-1,040	-19,156	-2,008	-534	-153	-	-	-	-	-	-	-	-	-	-
Less: net income attributable to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	131	-318	-315	285	-113	-241	-	-	-	-	-	-	-	-	-	-
Operating (loss) income
-4,351	10,405	775	477	1,134	4,243	336	773	461	-136	-509	-1,761	-252	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-127	-102	-56	-250	-24	-6	-11	-6	-11
Other expenses, net:
Derivative income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	100	2,224	1,139	3,392	-614	2,060	-991	2,832	-48	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Interest expense, net of interest income
-1,175	-1,237	-230	-218	-269	-291	-294	-290	-318	-363	-325	-220	-259	-186	-79	-99	-98	-34	-1	-0	5	-23	6	-39	-18	-153	-235	-224	-154	-	-	-	-	-	-	-	-	-	-
Loss on early debt extinguishment
-	-	-	-437	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income - Trust
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	11	1	-	0	0	-	-	-
Interest expense - related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	1	1	1	1
Total other expenses, net
-1,175	-1,658	-230	-655	-269	-291	-294	-290	-318	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	11	1	0	0	-1	-1	-1	-1
(Loss) income before (benefit) provision for income taxes
-5,526	8,747	545	-178	865	3,952	42	483	143	-499	-834	-1,981	-511	-2,097	-2,368	-897	-629	-2,069	-966	2,628	-1,804	2,310	1,312	3,606	119	-18,373	416	947	1,787	-	-	-	-	-	-	-	-	-	-
(Benefit) provision for income taxes
-653	-11,311	76	-15	96	268	251	169	25	235	179	203	-17	13,937	-4,046	545	-65	-3,696	922	-5,931	-610	3	462	115	235	376	78	15	48	-	-	-	-	-	-	-	-	-	-
Net income (loss)
-	-	-	-	-	-	-	-	-	-734	-1,013	-2,184	-494	-16,034	1,678	-1,443	-563	1,627	-1,888	8,559	-1,194	2,306	849	3,491	-115	-18,749	337	931	1,739	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations
-	-	-	-	-	-	-	-	-	503	0	0	-106	-90	-2	-0	1	-26	62	-35	-3	-398	177	-346	-925	-5,100	2,346	-1,466	-1,892	-	-	-	-	-	-	-	-	-	-
Net (loss) income
-4,873	20,058	469	-163	769	3,684	-209	314	118	-231	-1,013	-2,184	-600	-16,130	1,681	-1,443	-561	1,600	-1,826	8,524	-1,197	-	1,026	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: net income attributable to noncontrolling interest
-274	219	9	159	-85	517	96	133	-113	117	153	116	-198	20	200	116	-104	-46	189	134	-106	-	279	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income attributable to The ONE Group Hospitality, Inc.
-4,599	19,839	460	-322	854	3,167	-305	181	231	-348	-1,166	-2,300	-402	-16,151	1,480	-1,560	-456	1,647	-2,015	8,390	-1,090	1,591	747	3,013	-721	-18,841	-2,294	-421	88	-2,083	-117	-91	-55	-250	-24	-7	-12	-7	-12
Currency translation loss
44	21	40	120	160	650	170	-141	75	-	-107	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss) income from continuing operations, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,477	-1,560	-458	1,673	-2,078	8,425	-1,087	-	570	3,350	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from discontinued operations, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	-0	1	-26	62	-35	-3	-	177	-336	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income attributable to The ONE Group Hospitality, Inc.
-4,599	19,839	460	-322	854	3,167	-305	181	231	-348	-1,166	-2,300	-402	-16,151	1,480	-1,560	-456	1,647	-2,015	8,390	-1,090	1,591	747	3,013	-721	-18,841	-2,294	-421	88	-2,083	-117	-91	-55	-250	-24	-7	-12	-7	-12
Currency translation adjustment
-	-	-	-	-	-	-	-	-	-	-	139	-56	-973	-132	3	-21	72	-30	-102	-128	-246	-78	23	20	-44	42	-4	67	-	-	-	-	-	-	-	-	-	-
Comprehensive (loss) income
-4,643	19,818	420	-442	694	2,517	-475	322	156	-550	-1,059	-2,161	-458	-17,125	1,348	-1,557	-478	1,719	-2,046	8,288	-1,219	1,345	669	3,036	-701	-18,886	-2,251	-425	155	-	-	-	-	-	-	-	-	-	-
Net (loss) income attributable to The ONE Group Hospitality, Inc. per share:
Basic net income (loss) from continuing operations per share
-	-	-	-	-	-	-	-	-	-	-0.05	-0.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.04	0.08	-	-	-	-	-	-	-	-	-	-	-
Basic net income from discontinued operations per share
-	-	-	-	-	-	-	-	-	-	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares used in computing basic and diluted loss per share (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	25,049	25,022	24,989	25,250	24,973	24,972	24,955	24,940	-	-	-	-	-	-	11,631	11,631	9,025	12,500	12,500	12,500	-	-	-	-	-	-
Basic net (loss) income per share
-0.16	0.69	0.02	-0.01	0.03	0.11	-0.01	0.01	0.01	-	-0.05	-0.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-0.64	0.06	-0.06	-0.02	0.06	-0.08	0.34	-0.04	0.09	0.04	0.13	0.00	-	-	-	0.15	-	-	-	-	-	-	-	-	-	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.01	-	-0.03	0.07	-0.20	-0.13	-0.16	-	-	-	-	-	-	-	-	-	-
Attributable to The ONE Group Hospitality, Inc.
-	-	-	-	-	-	-	-	-	-	-	-	-0.02	-0.64	0.06	-0.06	-0.02	0.06	-0.08	0.34	-0.04	0.07	0.03	0.12	-0.03	-1.26	-0.20	-0.04	0.01	-0.18	-0.01	-0.01	0.00	-0.04	0.00	0.00	0.00	-	-
Diluted net income (loss) from continuing operations per share
-	-	-	-	-	-	-	-	-	-0.03	-0.05	-0.09	-0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	0.04	0.08	-	-	-	-	-	-	-	-	-	-	-
Diluted net income from discontinued operations per share
-	-	-	-	-	-	-	-	-	0.02	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted net (loss) income per share
-0.16	0.66	0.02	-0.01	0.03	0.11	-0.01	0.01	0.01	-0.01	-0.05	-0.09	-0.02	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares used in computing basic (loss) earnings per share (in shares)
28,636	28,532	28,537	28,432	28,314	28,309	27,751	27,366	27,187	26,185	25,228	25,144	25,050	-	-	-	-	-	-	-	-	-	24,940	24,940	24,946	-	11,631	11,631	-	-	-	-	-	-	-	-	-	8,698	8,698
Shares used in computing diluted (loss) earnings per share (in shares)
28,636	30,899	29,901	28,432	29,311	29,690	27,751	27,659	27,388	26,185	25,228	25,144	25,050	-	-	-	-	-	-	-	-	-	24,940	24,972	-	-	11,631	11,631	-	-	-	-	-	-	-	-	-	-	-
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,750	7,544	-	-	-
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,698	-	-