CNNE Q2 2023 Earnings — Cannae Holdings, Inc. Revenue & Financial Results | Market Cap Arena

CNNECannae Holdings, Inc.

$618M

Q2 2023 Earnings

Consumer Cyclical Restaurants

Income Statement

Revenue

$153M-12.4% YoY

Gross Profit

$13M8.6% margin

Operating Income

-$20M-12.8% margin

Net Income

-$87M-57.1% margin

EPS (Diluted)

$-1.16

QoQ Revenue Growth

-1.0%

Cash Flow

Operating Cash Flow

-$15M

Free Cash Flow

-$17M

Stock-Based Comp.

$900,000

Balance Sheet

Total Assets

$3.0B

Total Liabilities

$414M

Stockholders' Equity

$2.6B

Cash & Equivalents

$113M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$153M	$175M	-12.4%
Gross Profit	$13M	$11M	+24.5%
Operating Income	-$20M	-$27M	+27.4%
Net Income	-$87M	-$263M	+66.9%

Revenue Segments

Restaurant Sales

$145M100%