Amergent Hospitality Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 22, 2021 at 05:03 pm EST
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Amergent Hospitality Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 0.136135 million compared to USD 0.107403 million a year ago. Revenue was USD 6.36 million compared to USD 4.7 million a year ago. Net loss was USD 0.094237 million compared to USD 8.79 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.62 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to USD 0.62 a year ago.
For the nine months, sales was USD 0.304173 million compared to USD 0.236615 million a year ago. Revenue was USD 15.91 million compared to USD 14.3 million a year ago. Net loss was USD 2.38 million compared to USD 19.54 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to USD 1.45 a year ago. Diluted loss per share from continuing operations was USD 0.16 compared to USD 1.45 a year ago.
Amergent Hospitality Group Inc. owns, operates and franchises fast casual dining concepts. It operates and franchise a total of 34 fast casual restaurants of which 23 are Company-owned and 11 are owned and operated by franchisees under franchise agreements. The Company operates The Burger Joint (BGR), Little Big Burger (LBB) and Jaybee's Chicken Place (Jaybee's) restaurants in the United States (US). BGR operates company restaurants in the mid-Atlantic region of the United States, as well as franchise locations across the US. BGR consists of approximately five Company-owned locations in the United States and seven franchisee-operated locations in the United States. LBB consists of approximately 14 Company-owned locations in the Portland, Oregon, Seattle, Washington, and Charlotte, North Carolina areas. Jaybee's is located in Portland, Oregon. The Company operates gaming machines in Portland, Oregon under license from the Oregon Lottery Commission at The Nest.
AMERGENT HOSPITALITY GROUP, INC. 
