Reborn Coffee FY2023 revenue up 84% to $6.0M; net loss widens to $4.0M

Reborn Coffee, Inc.

FY2023 revenue $6.0M (+84% YoY); Q4'23 revenue $1.8M (+109% YoY).
Q4'23 company-operated store gross margin improved to 73.2% from 66.1%.
Net loss for FY2023 $4.0M vs $3.6M; cash and equivalents $0.7M at Dec 31, 2023.
Raised $2.0M via private placements; converted $1.0M debt to equity.
Plans to open 20 company-owned, 20 franchised, and 10+ overseas locations in 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Reborn Coffee, Inc. reported fiscal year ended December 31, 2023 results: revenue Revenue increased 84% to $6.0 million.

Period: fiscal year ended December 31, 2023
Revenue: Revenue increased 84% to $6.0 million
Result: reported results

Exact text from the filing

FY 2023 Record Revenue Increased 84% to $6.0 Million

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Reborn Coffee, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-026916

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