RCI Reports Record Fourth Quarter Revenues, Annual Revenues, and Cash Generation

About this update from Rci Hospitality Holdings, Inc.

[{"type":"text","content":"HOUSTON, Dec. 14, 2021 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported results for the fiscal 2021 fourth quarter and year ended September 30, 2021, and filed its Form 10-K.\n\n \n \n \n \n \n \n\n \n4Q21 Highlights\nFY21 Highlights\nTotal revenues of $54.9 million vs. $28.8 million in 4Q20 EPS of $0.26 vs. loss per share of $0.31 in 4Q20 Non-GAAP EPS* of $1.58 vs. $0.15 in 4Q20 Net cash from operating activities of $9.8 million and free cash flow* of $8.5 million Net income of $2.3 million vs. net loss of $2.9 million in 4Q20 Adjusted EBITDA* of $17.6 million vs. $4.4 million in 4Q20 $35.7 million cash and equivalents at 9/30/21Total revenues of $195.3 million vs. $132.3 million in FY20 EPS of $3.37 vs. loss per share of $0.66 in FY20 Non-GAAP EPS* of $4.08 vs. $0.51 in FY20 Net cash from operating activities of $42.0 million and free cash flow* of $36.1 million Net income of $30.2 million vs. net loss of $6.3 million in FY20 Adjusted EBITDA* of $60.2 million vs. $22.4 million in FY204Q21 and FY21 included non-cash impairments of $11.9 million and $13.6 million, respectively. While most clubs rebounded significantly throughout the year, the full year contribution from clubs in certain locations with more stringent COVID-19 restrictions did not recover as fast as previously projected.\nEric Langan, President and CEO of RCI Hospitality Holdings, Inc., stated: \"We ended FY21 with record fourth quarter revenues, annual revenues, and cash generation. A special thanks to our teams for their outstanding performance managing COVID-19 restrictions, reopening challenges earlier in the year, the Delta variant, inflation, and labor issues in the fourth quarter. We're working full steam ahead on executing our plan for FY22. This includes improving the customer experience at our new club acquisitions, scouting for new clubs to buy, the recent opening of our new company-owned Bombshells Arlington, the upcoming opening of our franchisee-owned Bombshells San Antonio, developing new company-owned and franchised Bombshells locations, and launching our AdmireMe mobile friendly site.\"\nConference Call Today at 4:30 PM ET\nLive Participant Phone: Toll Free 888-506-0062, International 973-528-0011, Passcode: 484746 Live webcast, slides or replay link: https://www.webcaster4.com/Webcast/Page/2209/43856 Phone replay: Toll...

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