iPic Entertainment Inc. announced preliminary sales results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported total revenue of $36.5 million to $37.5 million against previous guidance of $34.5 million to $36.5 million. Comparable-store sales growth of 1.5% to 2.0% against previous guidance of minus 5.0% to 0.0%.

For the year, the company reported total revenue of $143.0 million to $144.0 million against previous guidance of $141 million to $143 million. Comparable-store sales growth of 1.6% to 2.0% against previous guidance of 0.0% to 1.0%.

For the year ending December 31, 2019, the company expects total revenue of $153 million to $158 million, representing an approximately 7% to 11% increase above preliminary total revenue in 2018. Comparable-store sales growth of low-to-mid single digits.