| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Muscle Maker Inc (NASDAQ:GRIL) said Sadot LLC, a wholly-owned subsidiary, crossed the $500 million total revenue since inception by registering revenue of over $45.7 million for the month of June 2023.
This marks the eighth consecutive month in which top-line revenue has exceeded $45 million.
“With our recently announced amendment to the service agreement with AGGIA, which reduces the quarterly non-cash stock-based compensation expense by 50%, our monthly revenues are expected to have a more favorable impact on our financial reporting with the intended result of improving the bottom-line results for our company,” said CEO Michael Roper.
Also Read: Muscle Maker Acquires Zambia Farmland For $8.5M
Muscle Maker and its agri-foods subsidiary, Sadot LLC, connect producers and consumers across the globe, delivering agri-commodities from producing geographies such as the Americas, Africa, and the Black Sea to consumer markets in Southeast Asia, China, and the Middle East/North Africa (MENA) region.
Both parties now operate within three verticals of the global food supply chain including farming and warehousing, global agri-commodity sourcing and trading operations for food/feed products such as soybean meal, wheat, and corn and food service operations with more than 50 restaurants across the U.S.
Price Action: GRIL shares are trading higher by 7.4% at $1.38 on the last check Monday.
Posted In: GRIL
