Amergent Hospitality Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 05:58 pm
Share
Amergent Hospitality Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 0.145 million compared to USD 0.111 million a year ago. Revenue was USD 5.58 million compared to USD 5.43 million a year ago. Net loss was USD 0.402 million compared to net income of USD 0.437 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to basic earnings per share from continuing operations of USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to diluted earnings per share from continuing operations of USD 0.01 a year ago.
For the six months, sales was USD 0.248 million compared to USD 0.169 million a year ago. Revenue was USD 11.23 million compared to USD 10.03 million a year ago. Net loss was USD 0.429 million compared to USD 1.98 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.13 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to USD 0.13 a year ago.
Amergent Hospitality Group Inc. owns, operates and franchises fast casual dining concepts. It operates and franchise a total of 34 fast casual restaurants of which 23 are Company-owned and 11 are owned and operated by franchisees under franchise agreements. The Company operates The Burger Joint (BGR), Little Big Burger (LBB) and Jaybee's Chicken Place (Jaybee's) restaurants in the United States (US). BGR operates company restaurants in the mid-Atlantic region of the United States, as well as franchise locations across the US. BGR consists of approximately five Company-owned locations in the United States and seven franchisee-operated locations in the United States. LBB consists of approximately 14 Company-owned locations in the Portland, Oregon, Seattle, Washington, and Charlotte, North Carolina areas. Jaybee's is located in Portland, Oregon. The Company operates gaming machines in Portland, Oregon under license from the Oregon Lottery Commission at The Nest.
AMERGENT HOSPITALITY GROUP, INC. 