secwatch.observer — SEC 8-K summary
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Issuer:     RAVE RESTAURANT GROUP, INC. (RAVE)
CIK:        0000718332
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001140361-23-022860
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RAVE Q3: Revenue $3.0M, Pizza Inn comps +15.6%, Pie Five +8.1%; net income $0.3M
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- Total revenue increased $0.4M to $3.0M; Pizza Inn domestic comparable store sales +15.6% YoY, Pie Five +8.1%.
- Adjusted EBITDA stable at $0.6M; net income $0.3M ($0.02 diluted EPS) vs $0.5M ($0.03) prior year.
- Cash $3.9M; unit counts: Pizza Inn 122 domestic, 33 international; Pie Five 30 domestic.
- 12th consecutive profitable quarter; investments in new image prototype and tech weighed on Q3 net income.
- Tax expense increased $112K due to deferred tax asset recognition, primary driver of net income decline (non-cash).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/718332/000114036123022860/0001140361-23-022860-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/718332/000114036123022860/brhc20052286_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-022860

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