Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Rocky Mountain Chocolate Factory, Inc. reported the full year ended February 28, 2023 results: revenue $30.4 million, net income $5.5 million, EPS $(0.88) per share.
- Period
- the full year ended February 28, 2023
- Revenue
- $30.4 million
- Net income
- $5.5 million
- EPS
- $(0.88) per share
- Result
- reported results
Exact text from the filing
Fiscal Year 2023 Results vs. Fiscal Year 2022 ● Total revenue increased 3% to $30.4 million compared to $29.5 million. ● Total factory and retail gross profit was $4.0 million compared to $4.9 million, with gross margin of 16.4% compared to 20.9%. The decrease was primarily due to lower production volumes, expenses associated with obsolete inventory and higher costs of raw materials. ● Total operating expenses increased to $35.3 million compared to $30.2 million. Excluding one-time costs, including those related to the solicitation of proxies and severance payments, fiscal year 2023 operating expenses were $29.2 million. ● Net loss from continuing operations increased to $5.5 million or $(0.88) per share, compared to net loss from continuing operations of $0.5 million or $(0.08) per share. ● Adjusted EBITDA (a non-GAAP measure defined below) was $2.6 million compared to $4.1 million. ● Cash used from operations was $2.1 million compared to cash generated from operations of $2.9 million
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Rocky Mountain Chocolate Factory, Inc. reported the three months ended February 28, 2023 results: revenue $8.1 million, net income $1.9 million, EPS $(0.29) per share.
- Period
- the three months ended February 28, 2023
- Revenue
- $8.1 million
- Net income
- $1.9 million
- EPS
- $(0.29) per share
- Result
- reported results
Exact text from the filing
Fiscal Q4 2023 Results vs. Year-Ago Quarter ● Total revenue increased 5% to $8.1 million compared to $7.8 million. The increase was driven primarily by higher pricing, partially offset lower pound volume. Systemwide revenue per store was up 1.5%. ● Total factory and retail gross profit decreased to $0.1 million compared to $0.9 million, with gross margin of 1.2% compared to 14.7%. The decrease was primarily due to the Company writing off $0.6 million of obsolete inventory as a result of undertaking an aggressive effort to rationalize the products it offers and to reduce total inventory levels. ● Total operating expenses increased to $10.1 million compared to $7.2 million. The increase was primarily driven by one-time items, including costs associated with the solicitation of proxies and severance payments. Excluding these non-recurring items, fiscal Q4 operating expenses were $8.5 million. 1 ● Net loss from continuing operations increased to $1.9 million or $(0.29) per share, compared
View on SEC.gov