| Schedule of Segment Reporting Information |
The following table presents segment revenue and a reconciliation of adjusted EBITDA to net loss by segment:
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Consolidated |
BurgerFi |
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Anthony's |
| (in thousands) |
Quarter Ended
April 3, 2023 |
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Quarter Ended
March 31, 2022 |
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Quarter Ended
April 3, 2023 |
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Quarter Ended
March 31, 2022 |
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Quarter Ended
April 3, 2023 |
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Quarter Ended
March 31, 2022 |
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| Revenue by Segment |
$ |
45,726
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$ |
44,933
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$ |
12,581
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$ |
12,396
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$ |
33,145
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$ |
32,537
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| Adjusted EBITDA Reconciliation by Segment: |
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| Net (loss) income |
$ |
(9,151) |
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$ |
(13,560) |
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$ |
(9,597) |
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$ |
(12,960) |
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$ |
446
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$ |
(600) |
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| Share-based compensation expense |
4,674 |
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7,376 |
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4,674 |
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7,376 |
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— |
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— |
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| Depreciation and amortization expense |
3,227 |
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4,444 |
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2,090 |
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2,507 |
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1,137 |
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1,937 |
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| Interest expense |
2,078 |
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2,071 |
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918 |
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965 |
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1,160 |
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1,106 |
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| Restructuring costs |
918 |
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— |
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665 |
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— |
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253 |
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— |
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| Merger, acquisition and integration costs |
328 |
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412 |
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328 |
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346 |
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— |
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66 |
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| Legal settlements |
282 |
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125 |
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282 |
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125 |
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— |
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— |
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| Store closure costs |
121 |
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514 |
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65 |
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534 |
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56 |
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(20) |
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| Loss on change in value of warrant liability |
73 |
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534 |
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73 |
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534 |
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— |
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— |
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| Pre-opening costs |
— |
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474 |
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— |
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474 |
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— |
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— |
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| Income tax benefit |
— |
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(112) |
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— |
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(110) |
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— |
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(2) |
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| Adjusted EBITDA |
$ |
2,550
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$ |
2,278
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$ |
(502) |
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$ |
(209) |
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$ |
3,052 |
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$ |
2,487 |
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