secwatch.observer — SEC 8-K summary
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Issuer:     RAVE RESTAURANT GROUP, INC. (RAVE)
CIK:        0000718332
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001140361-22-039742
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rave Restaurant Q1 fiscal 2023: revenue up 17.7% to $3.0M, net income flat at $0.3M
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- Net income of $0.3M ($0.02 diluted EPS) unchanged YoY; total revenue $3.0M, +17.7%.
- Adjusted EBITDA $0.5M, +$0.1M YoY; domestic comp-store sales: Pizza Inn +12.5%, Pie Five +7.6%.
- Used $1.4M for share repurchases in Q1; cash & equivalents $7.4M at quarter end.
- Unit counts: Pizza Inn 128 domestic, 33 international; Pie Five 31 domestic.
- CEO cites 10th consecutive profitable quarter; first new-image Pizza Inn opening Jan 2023 in Asheboro, NC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/718332/000114036122039742/0001140361-22-039742-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/718332/000114036122039742/brhc10043583_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-039742

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer