Reborn Coffee Reports Fiscal Year 2023 Financial Results [Yahoo! Finance]
Reborn Coffee, Inc. (REBN)
Company Research
Source: Yahoo! Finance
BREA, Calif., March 28, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee, Inc. (NASDAQ: REBN) ("Reborn", or the "Company"), a California-based retailer of specialty coffee, has reported its financial and operational results for the fiscal year ended December 31, 2023. Key Financial and Operational Highlights Revenue increased 109% to $1.8 million in Q4'23 from $0.9 million in Q4'22. Revenue increased 84% to $6.0 million in FY'23 from $3.2 million in FY'22. Ended FY'23 with 14 open locations, with one location in development. Company-operated store sales increased to $5.7 million, or 79%, in the year ended December 31, 2023, compared to the same period in 2022. Company-operated store gross profit was $4.0 million for the year ended December 31, 2023, compared to $2.1 million for the same period in 2022. Q4 2023 and Subsequent Events Held grand opening of a new flagship store under the newly incorporated Reborn Coffee Malaysia, at the Exchange TRX mall in Kuala Lumpur, Malaysia.
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REBN
Sec Filings
- 4/23/24 - Form 8-K
- 4/22/24 - Form DEF
- 4/10/24 - Form PRE
- REBN's page on the SEC website