BT Brands, Inc. (BTBD) Q3 2021 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. Welcome to the BT Brand's third quarter earnings call. At this time, all participants have been placed on a listen-only mode, and the floor will be open for your questions and comments following the presentation. It is now my pleasure to turn the floor over to your host, Ken Brimmer. Sir, the floor is yours. Okay. Thank you very much. Well, first of all, to the extent the listeners are new shareholders to BT, as we've completed our... major public offering just last week I want to welcome everybody to BT Brands and hopefully this can be the beginning of a long relationship where we do a good job of dialoguing with our shareholders and that's what I hope this call will start today where you can hear a little bit of us talk and we can answer any questions that you might have. We did issue a press release yesterday highlighting both our third quarter and our nine-month results. In the highlights for the nine months, the company has earned $0.20 a share on revenues of $6.6 million, which was up from $6.0 million in the 39 weeks a year ago. The company is on a weekly accounting schedule. We work on a 4-4-5 schedule. each quarter being 13 weeks, and occasionally, as we had last year, we have a 53-week year. It'll be several years. We'll be just on a 52-week calendar. As we've said in our prospectus, the pandemic, COVID, has been a positive for the BurgerTime business. Obviously, we're 100% a drive-thru business, and people have adopted drive-thru as a favored means of of getting fast food and we have benefited from that. In our public offering last week we raised approximately 11 million dollars and from an investor standpoint the positive of that 11 million dollars that we raised is that we had at the end of the quarter just over two million dollars in cas...