Income Statement

v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Owned restaurant net revenue $ 70,516 $ 49,168
Management, license and incentive fee revenue 3,665 1,314
Total revenues 74,181 50,482
Owned operating expenses:    
Owned restaurant cost of sales 18,099 12,001
Owned restaurant operating expenses 39,373 27,906
Total owned operating expenses 57,472 39,907
General and administrative (including stock-based compensation of $879 and $1,022 for the three months ended March 31, 2022 and 2021, respectively) 6,879 5,174
Depreciation and amortization 2,715 2,699
COVID-19 related expenses 2,313 1,557
Pre-opening expenses 345 101
Lease termination expenses 255 187
Total costs and expenses 69,979 49,625
Operating income 4,202 857
Other expenses, net:    
Interest expense, net of interest income 508 1,246
Total other expenses, net 508 1,246
Income (loss) before provision (benefit) for income taxes 3,694 (389)
Provision (benefit) for income taxes 173 (329)
Net income (loss) 3,521 (60)
Less: net loss attributable to noncontrolling interest (149) (130)
Net income attributable to The One Group Hospitality, Inc. 3,670 70
Currency translation loss (92) (18)
Comprehensive income attributable to The ONE Group Hospitality, Inc. $ 3,578 $ 52
Net income attributable to The ONE Group Hospitality, Inc. per share:    
Basic net income per share $ 0.11  
Diluted net income per share $ 0.11  
Shares used in computing basic income per share 32,231,210 29,168,576
Shares used in computing diluted income per share 34,245,445 32,031,479

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