earnings
confidence high
sentiment positive
materiality 0.75
The ONE Group reports record Q4 revenue $84.1M; turns to net income of $5.8M
ONE Group Hospitality, Inc.
- Q4 total GAAP revenues $84.1M (+86.8% YoY); GAAP net income $5.8M vs loss of $4.5M.
- FY2021 total revenues $277.2M (+95.3% YoY); GAAP net income $31.3M vs loss of $12.8M.
- Adjusted EBITDA Q4 $13.3M (+220.6%); FY $42.7M (+346.7%).
- Q1 2022 revenue target raised to $69.0M-$70.2M; G&A ~$6.5M.
- Plans to open at least 9 new venues in 2022 (6 STK/F&B, 3-5 Kona Grills).