---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-016179"
form_type: "8-K"
ticker: "SDOT"
cik: "0001701756"
company_name: "Sadot Group Inc."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T06:36:41.652125+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-016179
- form_type: 8-K
- ticker: SDOT
- cik: 0001701756
- company_name: Sadot Group Inc.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1701756/000149315223016179/0001493152-23-016179-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1701756/000149315223016179/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-016179
- JSON: https://secwatch.observer/filing/0001493152-23-016179.json
- Plain text: https://secwatch.observer/filing/0001493152-23-016179.txt

## Key facts
- Earnings Releases
  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
  source text: 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”,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1701756/000149315223016179/0001493152-23-016179-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.