Income Statement

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Owned restaurant net revenue $ 81,508 $ 78,579
Management, license and incentive fee revenue 3,487 3,977
Total revenues 84,995 82,556
Owned operating expenses:    
Owned restaurant cost of sales 18,714 18,855
Owned restaurant operating expenses 49,638 46,827
Total owned operating expenses 68,352 65,682
General and administrative (including stock-based compensation of $1,358 and $1,320 for the three months ended March 31, 2024 and 2023, respectively) 7,534 7,484
Depreciation and amortization 5,260 3,656
Pre-opening expenses 2,914 1,299
Transaction and exit costs 1,523  
Other expenses 32 157
Total costs and expenses 85,615 78,278
Operating (loss) income (620) 4,278
Other expenses, net:    
Interest expense, net of interest income 2,078 1,787
Total other expenses, net 2,078 1,787
(Loss) income before provision for income taxes (2,698) 2,491
(Benefit) provision for income taxes (268) 161
Net (loss) income (2,430) 2,330
Less: net loss attributable to noncontrolling interest (361) (276)
Net (loss) income attributable to The ONE Group Hospitality, Inc. (2,069) 2,606
Currency translation loss (68) (70)
Comprehensive (loss) income attributable to The ONE Group Hospitality, Inc. $ (2,137) $ 2,536
Net (loss) income attributable to The ONE Group Hospitality, Inc. per share:    
Basic net (loss) income per share (in dollars per share) $ (0.07) $ 0.08
Diluted net (loss) income per share (in dollars per share) $ (0.07) $ 0.08
Shares used in computing basic (loss) income per share (in shares) 31,306,417 31,677,232
Shares used in computing diluted (loss) income per share (in shares) 31,306,417 32,997,751

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