Income Statement

v3.19.3
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Owned restaurant net revenues $ 17,120 $ 15,312 $ 53,749 $ 45,908
Owned food, beverage and other net revenues 2,065 1,960 6,472 6,048
Total owned revenue 19,185 17,272 60,221 51,956
Management, license and incentive fee revenue 2,921 2,688 8,260 7,832
Total revenues 22,106 19,960 68,481 59,788
Owned restaurants:        
Owned restaurant cost of sales 4,472 4,050 14,109 12,121
Owned restaurant operating expenses 10,783 9,779 33,554 28,556
Total owned restaurant expenses 15,255 13,829 47,663 40,677
Owned food, beverage and other expenses 1,971 2,068 6,455 5,782
Total owned operating expenses 17,226 15,897 54,118 46,459
General and administrative (including stock-based compensation of $338, $337, $975 and $1,005 for the three and nine months ended September 30, 2019 and 2018 respectively) 2,352 2,266 7,706 7,937
Depreciation and amortization 1,103 896 3,049 2,575
Lease termination expenses 252 78 393 168
Pre-opening expenses   449 545 1,330
Transaction costs 358   510  
Equity in income of investee companies       (111)
Other expense (income), net 40 38 (226) (139)
Total costs and expenses 21,331 19,624 66,095 58,219
Operating income 775 336 2,386 1,569
Other expenses, net:        
Interest expense, net of interest income 230 294 717 902
Loss on early debt extinguishment     437  
Total other expenses, net 230 294 1,154 902
Income before provision for income taxes 545 42 1,232 667
Provision for income taxes 76 251 157 445
Net income (loss) 469 (209) 1,075 222
Less: net income attributable to noncontrolling interest 9 96 83 116
Net income (loss) attributable to The ONE Group Hospitality, Inc. 460 (305) 992 106
Currency translation loss (40) (170) (329) (104)
Comprehensive income (loss) $ 420 $ (475) $ 663 $ 2
Net income (loss) attributable to The ONE Group Hospitality, Inc. per share:        
Basic net income (loss) per share $ 0.02 $ (0.01) $ 0.03 $ 0.00
Diluted net income (loss) per share $ 0.02 $ (0.01) $ 0.03 $ 0.00
Shares used in computing basic earnings per share (in shares) 28,537,477 27,751,632 28,429,074 27,437,269
Shares used in computing diluted earnings per share (in shares) 29,901,144 27,751,632 29,642,926 27,499,645

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