Business
RCI Reports 2Q22 Results: Total Revenues $63.7M, GAAP EPS $1.15, Non-GAAP EPS $1.19
First Company to Use Twitter Spaces for Earnings Call – Today at 4:30 PM ET HOUSTON, May 9, 2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK)
About this update from Rci Hospitality Holdings, Inc.
[{"type":"text","content":"First Company to Use Twitter Spaces for Earnings Call – Today at 4:30 PM ET\nHOUSTON, May 9, 2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported results and filed its Form 10-Q for the fiscal 2022 second quarter and six months ended March 31, 2022.\n\n \n \n \n \n \n \n\n \n \nSummary Financials\n2Q22\nChange YoY\n6M22\nChange YoY\nTotal Revenues\n$63.7M\n+44.6%\n$125.5M\n+52.2%\nEPS\n$1.15\n+69.1%\n$2.28\n+30.3%\nNon-GAAP EPS*\n$1.19\n+58.0%\n$2.29\n+100.1%\nNet Cash from Operating Activities\n$11.6M\n+5.7%\n$27.9M\n+61.6%\nFree Cash Flow*\n$11.1M\n+23.3%\n$26.3M\n+79.8%\nNet Income Attributable to RCIHH Common Stockholders\n$11.0M\n+79.8%\n$21.5M\n+36.8%\nAdjusted EBITDA*\n$19.9M\n+46.8%\n$37.9M\n+70.2%\nDiluted Shares\n9.489M\n+5.4%\n9.448M\n+4.9%\n*See \"Non-GAAP Financial Measures\" below.\nEric Langan, President and CEO of RCI Hospitality Holdings, Inc., stated: \"We had an outstanding quarter across the board. We ended the quarter with $38.1 million in cash, and favorable trends are continuing, with total revenues in April exceeding March. Thanks to all our teams for making all of this possible.\"\nExpansion efforts are moving ahead. This includes continuing to improve the performance of clubs acquired in 1Q22, acquiring new ones, harnessing new technology to drive club traffic, and expanding Bombshells. Recent developments:\nNightclubs\nSouth Florida club acquired last weekFort Worth club under contract to buyNew Rick's Steakhouse & Lounge opened in MiamiReformatted club opening soon in San AntonioAdmireMe.com social media fan site in full betaTip-N-Strip non-fungible token (NFT) guest benefits program on track to mint in JuneBombshells\nProperty acquired for a 12th Bombshells (Houston)Two other locations (Dallas and Lubbock, TX) under contract to buyBombshells' first franchisee expected to open its first location in San Antonio this quarterBombshells' second franchisee (announced last week) planning its first location for Huntsville, AlabamaConference Call Today at 4:30 PM ETParticipants need to use Twitter Spaces on their mobile phones to ask questions during the Q&A\nTwitter\nTelephone\nWebcast\n \nTo participate in the RCI 2Q22 Earnings Call Twitter Space, follow @RicksCEO and go to this link: https://twitter.com/i/spaces/1mrGmanekZQGy \n \nLive: Toll Free 888-506-0062, Intl. 973-528-001...