Income Statement

v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Owned restaurant net revenue $ 37,822 $ 19,185 $ 92,908 $ 60,221
Management, license and incentive fee revenue 1,745 2,921 4,042 8,260
Total revenues 39,567 22,106 96,950 68,481
Owned operating expenses:        
Owned restaurant cost of sales 9,091 4,921 23,378 15,466
Owned restaurant operating expenses 22,454 12,305 60,991 38,652
Total owned operating expenses 31,545 17,226 84,369 54,118
General and administrative (including stock-based compensation of $496, $338, $1,316, and $975 for the three and nine months ended September 30, 2020 and 2019 respectively) 3,400 2,352 9,235 7,706
Depreciation and amortization 2,655 1,103 7,605 3,049
Transaction and integration costs   358 1,109 510
COVID-19 related expenses 1,716   3,759  
Lease termination expenses 185 252 453 393
Pre-opening expenses 45   45 545
Other income, net 1 40 (11) (226)
Total costs and expenses 39,547 21,331 106,564 66,095
Operating income (loss) 20 775 (9,614) 2,386
Other expenses, net:        
Interest expense, net of interest income 1,280 230 3,650 717
Loss on early debt extinguishment       437
Total other expenses, net 1,280 230 3,650 1,154
(Loss) income before (benefit) provision for income taxes (1,260) 545 (13,264) 1,232
(Benefit) provision for income taxes (350) 76 (4,231) 157
Net (loss) income (910) 469 (9,033) 1,075
Less: net (loss) income attributable to noncontrolling interest (35) 9 (687) 83
Net (loss) income attributable to The ONE Group Hospitality, Inc. (875) 460 (8,346) 992
Currency translation gain (loss) 19 (40) (23) (329)
Comprehensive (loss) income attributable to The ONE Group Hospitality, Inc. $ (856) $ 420 $ (8,369) $ 663
Net (loss) income attributable to The ONE Group Hospitality, Inc. per share:        
Basic net (loss) earnings per share $ (0.03) $ 0.02 $ (0.29) $ 0.03
Diluted net (loss) earnings per share $ (0.03) $ 0.02 $ (0.29) $ 0.03
Shares used in computing basic (loss) earnings per share 29,010,348 28,537,477 28,857,990 28,429,074
Shares used in computing diluted (loss) earnings per share 29,010,348 29,901,144 28,857,990 29,642,926

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