Muscle Maker, Inc. Reports Net Loss of $876,000 in Q2 2023
The health-conscious restaurant chain's revenue for Q2 2023 stands at $160.3 million.
Muscle Maker, Inc.(SDOT), a leading name in the he alth-conscious restaurant industry, has recently released its unaudited financial results for the second quarter of 2023. Despite facing challenges, including supply chain disruptions and the ongoing impact of the pandemic, the company has reported revenue of $160.3 million and a net loss of $876,000. In this article, we will delve into the financial details of Muscle Maker, Inc.'s Q2 2023 performance.
Muscle Maker, Inc.'s Financial Position
Muscle Maker, Inc.'s condensed consolidated balance sheets reveal a substantial growth in assets. As of June 30, 2023, the company's total assets stood at $72.3 million, a significant increase from the $27.2 million reported on December 31, 2022. Notable areas of growth include accounts receivable, which increased to $47.5 million, and the deposit on farmland, which surged to $8.8 million. This growth in assets indicates the company's commitment to expanding its operations.
