FAT Q1 2024 Earnings — FAT Brands Inc. Revenue & Financial Results | Market Cap Arena

FATFAT Brands Inc.

$5M

Q1 2024 Earnings

Consumer Cyclical Restaurants

Income Statement

Revenue

$152M+43.8% YoY

Gross Profit

$40M26.5% margin

Operating Income

-$1M-0.9% margin

Net Income

-$38M-25.2% margin

EPS (Diluted)

$-2.37

QoQ Revenue Growth

-4.2%

Cash Flow

Operating Cash Flow

-$28M

Free Cash Flow

-$33M

Stock-Based Comp.

$745,000

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$1.7B

Stockholders' Equity

-$297M

Cash & Equivalents

$40M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$152M	$106M	+43.8%
Gross Profit	$40M	$36M	+11.8%
Operating Income	-$1M	$387,000	-457.1%
Net Income	-$38M	-$32M	-19.3%

Revenue Segments

Restaurant Sales

$106M70%

Royalty

$22M14%

Advertising

$10M6%

Factory

$9M6%

Product and Service, Other

$3M2%

Franchisor

$1M1%

Geographic Segments

UNITED STATES

$150M98%

Other Countries

$2M2%