Income Statement

v3.19.2
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Owned restaurant net revenues $ 18,809 $ 15,520 $ 36,629 $ 30,596
Owned food, beverage and other net revenues 2,134 2,083 4,407 4,088
Total owned revenue 20,943 17,603 41,036 34,684
Management, license and incentive fee revenue 2,656 2,708 5,339 5,144
Total revenues 23,599 20,311 46,375 39,828
Owned restaurants:        
Owned restaurant cost of sales 5,068 4,037 9,637 8,071
Owned restaurant operating expenses 11,856 9,399 22,771 18,777
Total owned restaurant expenses 16,924 13,436 32,408 26,848
Owned food, beverage and other expenses 2,225 2,025 4,484 3,714
Total owned operating expenses 19,149 15,461 36,892 30,562
General and administrative (including stock-based compensation of $456, $344, $637 and $668 for the three and six months ended June 30, 2019 and 2018 respectively) 2,704 2,615 5,354 5,670
Depreciation and amortization 1,004 901 1,946 1,679
Lease termination expense 141 90 141 90
Pre-opening expenses 63 671 545 881
Transaction costs 152   152  
Equity in income of investee companies   (134)   (111)
Other loss (income), net (91) (66) (266) (177)
Total costs and expenses 23,122 19,538 44,764 38,594
Operating income 477 773 1,611 1,234
Other expenses, net:        
Interest expense, net of interest income 218 290 487 608
Loss on early debt extinguishment 437   437  
Total other expenses, net 655 290 924 608
(Loss) income before provision for income taxes (178) 483 687 626
(Benefit) provision for income taxes (15) 169 81 194
Net (loss) income (163) 314 606 432
Less: net income attributable to noncontrolling interest 159 133 74 20
Net (loss) income attributable to The ONE Group Hospitality, Inc. (322) 181 532 412
Currency translation (loss) gain (120) 141 (280) 66
Comprehensive (loss) income $ (442) $ 322 $ 252 $ 478
Net (loss) income attributable to The ONE Group Hospitality, Inc. per share:        
Basic net (loss) income per share $ (0.01) $ 0.01 $ 0.02 $ 0.02
Diluted net (loss) income per share $ (0.01) $ 0.01 $ 0.02 $ 0.01
Shares used in computing basic earnings per share (in shares) 28,432,510 27,366,322 28,373,974 27,277,483
Shares used in computing diluted earnings per share (in shares) 28,432,510 27,659,448 29,456,764 27,516,884

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