Muscle Maker Q1 revenue surges to $213M from $3M; adjusted EBITDA positive $2.4M

Sadot Group Inc.

2023-Q1 EPS reported -$0.04 revenue$212,967,000

Consolidated revenue of $213M, up 7,000% YoY, driven by new Sadot commodity-trading subsidiary.
Non-GAAP adjusted EBITDA of $2.4M vs. ($1.5M) loss in prior year; net loss improved to ($1.1M) from ($1.9M).
Sadot generated net income of $4.3M on 19 transactions across 11 countries; avg revenue per transaction $11.1M.
MMI Restaurant Brands posted $406K net loss; 50+ units and 45+ Pokemoto franchise agreements sold but not open.
Cash balance $6.4M; working capital surplus $6.4M; accounts receivable of $5M due within 60 days.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sadot Group Inc. reported the quarter ended March 31, 2023 results: revenue $213 million.

Period: the quarter ended March 31, 2023
Revenue: $213 million
Result: reported results

Exact text from the filing

set forth by specific reference in such a filing. --- EX-99.1 () --- EX-99.1 2 ex99-1.htm Exhibit 99.1 Muscle Maker Inc. Reports First Quarter 2023 Results Revenue Rises to $213 Million From $3 Million Adjusted EBITDA Rises to $2.4 Million vs. Loss in Prior Year Fort Worth, Texas, May 10, 2023 (ACCESSWIRE) – Muscle Maker, Inc. (Nasdaq: GRIL) (“Muscle Maker”,

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Source: SEC EDGAR

accession 0001493152-23-016179

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