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Noble Roman's Announces First Quarter 2024 Financial Data [Yahoo! Finance]

NOBLE ROMAN'S INC (NROM) 
NASDAQ:AMEX Investor Relations: irdirect.net/nrom/sec_filings
Company Research Source: Yahoo! Finance
Pizza and Noble Roman's Craft Pizza & Pub ("CPP"), today announced results for the first quarter 2024 and other company highlights. Financial highlights from the first quarter 2024 include Net loss of $86,000, which includes a non-cash expense of approximately $125,000 for change in theoretical fair value of warrants, a non-cash charge of $29,000 to close out the asset ledger for dormant subsidiary, and a non-cash adjustment for allowance receivables of $32,000. Without those additional non-cash expenses, which did not pertain to first quarter activity, the company would have reported a net income of nearly $100,000. A quarterly Operating Income of $432 thousand A 45% increase in Franchising Revenue from the same period in 2023 to $1.4 million, which by adding in the non-cash adjustment above of $32,000 would have been a 48% increase in franchising revenue Franchise venue salaries and wages decreased 6.1% points from 2023 reflecting economies of scale due to new non-traditio Show less Read more
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