Business
Muscle Maker, Inc. Reports Top Line Revenue Over $58.9 Million for April 2023
FORT WORTH, TX / ACCESSWIRE / June 1, 2023 / Muscle Maker, Inc. (NASDAQ:GRIL), (the "Company"), today announced that it has achieved top line revenue of over
About this update from Sadot Group Inc.
[{"type":"text","content":"FORT WORTH, TX / ACCESSWIRE / June 1, 2023 / Muscle Maker, Inc. (NASDAQ:GRIL), (the \"Company\"), today announced that it has achieved top line revenue of over $58.9 million for the month of April 2023. This revenue announcement marks the achievement of six consecutive months above $50 million revenue for the company and demonstrates continued success of Sadot LLC, its wholly owned subsidiary, with a total revenue since inception in November 2022 of over $418 million.\"April's results reflect our continued growth in the global supply chain of Agri-commodities,\" stated Michael Roper, CEO. \"Sadot's continues to generate significant top line contribution and increasing exposure to the global markets and players within. In addition to our trading activities, we recently announced the acquisition of the 5,000-acre (approx.) grain and fruit farm in Zambia, which we believe represents the next step of building the foundations for growth and diversification into additional verticals in the supply-chain. The farm, located in the Mkushi region of Zambia, is expected to generate revenues by the end of harvest season in 2023.As stated in prior updates, we are committed to continue keeping investors informed of our ongoing company evolution, since the announcement of the creation of our Sadot, LLC division. We have been attending several investor conferences and looking to more directly engage with our current and potential new shareholders, retail and institutional.\"The preliminary, unaudited financial results included in this press release are based on information available as of April 30, 2023, and management's initial review of operations and financial results as of such date. They remain subject to change based on the completion of the Company's customary quarterly financial closing and review procedures and are forward-looking statements. The Company assumes no obligation to update these statements, except as may be required by law. The actual results may be materially different and are affected by the risk factors and uncertainties identified in this press release and in the Company's annual and quarterly filings with the Securities and Exchange Commission. Further, the Company's independent auditor has not reviewed or performed any procedures on the preliminary, unaudited financial results.About Muscle Maker, Inc.In late 2022, Mus...