| 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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Quarter Ended |
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Consolidated |
Anthony’s |
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BurgerFi |
| (in thousands) |
April 1, 2024 |
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April 3, 2023 |
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April 1, 2024 |
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April 3, 2023 |
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April 1, 2024 |
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April 3, 2023 |
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| Revenue by Segment |
$ |
42,879
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$ |
45,726
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$ |
32,393
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$ |
33,145
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$ |
10,486
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$ |
12,581
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| Adjusted EBITDA Reconciliation by Segment: |
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| Net (loss) income |
$ |
(6,538) |
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$ |
(9,151) |
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(691) |
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$ |
446
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$ |
(5,847) |
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$ |
(9,597) |
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| Lease termination recovery |
(56) |
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— |
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— |
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— |
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(56) |
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— |
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| Share-based compensation expense |
954 |
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4,674 |
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137 |
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— |
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817 |
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4,674 |
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| Depreciation and amortization expense |
3,044 |
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3,227 |
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1,067 |
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1,137 |
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1,977 |
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2,090 |
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| Interest expense |
2,477 |
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2,078 |
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1,338 |
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1,160 |
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1,139 |
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918 |
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| Restructuring costs |
79 |
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918 |
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6 |
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253 |
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73 |
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665 |
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| Merger, acquisition and integration costs |
131 |
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328 |
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96 |
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— |
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35 |
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328 |
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| Legal settlements, net |
(284) |
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282 |
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(325) |
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— |
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41 |
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282 |
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| Store closure costs |
435 |
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121 |
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82 |
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56 |
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353 |
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65 |
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| (Gain) loss on change in value of warrant liability |
(144) |
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73 |
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— |
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— |
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(144) |
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73 |
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| Pre-opening costs |
163 |
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— |
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— |
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— |
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163 |
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— |
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| (Gain) loss on disposal of assets |
(3) |
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— |
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— |
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— |
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(3) |
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— |
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| Adjusted EBITDA |
$ |
258
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$ |
2,550
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$ |
1,710
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$ |
3,052
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$ |
(1,452) |
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$ |
(502) |
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