CNNE Q1 2023 Earnings — Cannae Holdings, Inc. Revenue & Financial Results | Market Cap Arena

CNNECannae Holdings, Inc.

$618M

Q1 2023 Earnings

Consumer Cyclical Restaurants

Income Statement

Revenue

$154M-7.8% YoY

Gross Profit

$7M4.6% margin

Operating Income

-$23M-14.7% margin

Net Income

-$4M-2.7% margin

EPS (Diluted)

$-0.05

QoQ Revenue Growth

-0.9%

Cash Flow

Operating Cash Flow

-$20M

Free Cash Flow

-$22M

Stock-Based Comp.

$600,000

Balance Sheet

Total Assets

$3.1B

Total Liabilities

$414M

Stockholders' Equity

$2.7B

Cash & Equivalents

$185M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$154M	$167M	-7.8%
Gross Profit	$7M	$900,000	+688.9%
Operating Income	-$23M	-$76M	+70.0%
Net Income	-$4M	-$248M	+98.3%

Revenue Segments

Restaurant Sales

$149M100%