Company profile

Ticker
NROM
Exchange
Employees
Incorporated in
Location
Fiscal year end
Industry
Restaurants
Industry (SEC)
SEC CIK
IRS number
351281154

Calendar

14 Aug 19
17 Oct 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 3.12M 2.92M 3.04M 3.28M
Net income 441.14K 476.26K -3.32M -562K
Diluted EPS 0.02 0.02 -0.16 -.02
Net profit margin 14.14% 16.29% -109% -17.16%
Operating income 800.71K 753.56K 541K 714K
Net change in cash 86.03K 69.6K -156.21K 87.73K
Cash on hand 231.82K 145.79K 76.19K 232.4K
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 12.45M 9.84M 7.84M 7.73M
Net income -3.06M -3.38M -870.84K 785.78K
Diluted EPS -.14 -.16 -.04 0.04
Net profit margin -24.60% -34.41% -11.11% 10.17%
Operating income 2.66M 2.94M 3.08M 2.94M
Net change in cash -384.87K -16.86K 283.91K -6.33K
Cash on hand 76.19K 461.07K 477.93K 194.02K

Financial data from company earnings reports

Financial report summary

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Risks
  • Competition from larger companies.
  • Dependence on growth strategy.
  • Dependence on success of franchisees and licensees.
  • Dependence on distributors.
  • Dependence on consumer preferences and perceptions.
  • Ability to service or refinance our outstanding indebtedness and the dilutive effect of our outstanding convertible debt and warrants.
  • Interruptions in supply or delivery of food products.
  • Dependence on key executives.
  • Federal, state and local laws with regard to the operation of the businesses.
  • Indiana law with regard to purchases of our stock.
  • Inapplicability of corporate governance standards that apply to companies listed on a national exchange.
Management Discussion
  • The revenue from this venue grew from $1.25 million to $1.33 million and from $2.35 million to $2.47 million for the respective three-month and six-month periods ended June 30, 2019 compared to the comparable periods in 2018. The primary reason for the increase was the result of an additional restaurant which opened in June 2018, however that was partially offset by the highly unusual extreme winter weather conditions in Indiana during the months of January and February 2019. Total revenue in January was $337,000, in February $356,000 and in March $450,000. Revenue increased with the return of more normal weather conditions experienced in March.
  • Cost of sales improved to 20.9% and 20.8% from 22.3% and 22.2%, respectively, for the three-month and six-month periods ended June 30, 2019 compared to the comparable periods in 2018. This improvement was the result of efficiency gained as the restaurants matured and as the staff gained experience. During the relevant periods in 2018, three restaurants were opened and only one restaurant had been opened for nearly a year.
  • Salaries and wages decreased to 28.6% and 30.2% from 30.2% and 30.8% for the respective three-month and six-month periods ended June 30, 2019 compared to the comparable periods in 2018. This improvement was the result of improved efficiency as the restaurants matured and as the staff gained experience. This gain was partially offset in the first three months of 2019 by the highly unusual extreme winter weather conditions in Indiana during the months of January and February 2019. Total revenue in January was $337,000, in February $356,000 and in March $450,000. Revenue increased with the return of more normal weather conditions experienced in March.
Content analysis ?
Positive
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Uncertain
Constraining
Legalese
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Readability
H.S. sophomore Avg
New words: accessing, advertising, attributable, contemplate, contributor, delivery, double, harsh, landlord, level, maintenance, mission, pipeline, reconciled, relevant, rent, strip, stronger, unanticipated, West
Removed: April, chapter, check, complying, conversion, Data, electronically, emerging, Employer, file, filer, filing, Identification, Interactive, July, mark, par, past, preceding, quarter, Quarterly, record, registrant, revised, Rule, Section, shell, shorter, smaller, submit, submitted, transition, Washington