Noble Roman's Q2 net income $326K vs loss prior year; BT Brands lawsuit over director nomination

NOBLE ROMANS INC

2023-Q2 EPS reported $0.05 revenue$7,300,247

Net income of $326K ($0.02/share) for Q2 2023 vs net loss of $50K in Q2 2022.
Total revenue $4.0M (+8% YoY); franchising revenue $1.4M (+29% YoY), CPP revenue $2.4M.
Operating income $704K (Q2 2023) vs $282K (Q2 2022); net cash from ops $539K vs $151K.
43 new franchised units sold in H1 2023; 22 opened in H1 2023.
BT Brands filed lawsuit Aug 3 over director nomination; Board urges shareholders not to return BT Brands proxy.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NOBLE ROMANS INC reported financial results for second quarter 2023.

Period: second quarter 2023
Result: reported results

Exact text from the filing

On August 9, 2023, Noble Roman’s, Inc. (the “Company”) issued a press release announcing its second quarter 2023 financial results. A copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 2.02.

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Source: SEC EDGAR

accession 0001654954-23-010331

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