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Dec 31, 2020
RCI Hospitality Q1 2021 Earnings Report
RCI Hospitality reported positive operating cash flow and EPS.
Key Takeaways
RCI Hospitality Holdings, Inc. reported its Q1 2021 results, showing the best overall company and Nightclubs performance since the pandemic began in March 2020, along with continued strong Bombshells results. The company was able to maintain employment, generate free cash flow, build cash reserves, and achieve operating and net profitability on both GAAP and non-GAAP bases.
1Q21 saw the best overall company and Nightclubs performance since the pandemic began in March 2020.
Bombshells results remained strong.
The company generated free cash flow and built cash reserves.
Operating and net profitability were achieved on a GAAP and non-GAAP basis.
RCI Hospitality
RCI Hospitality
RCI Hospitality Revenue by Segment
Revenue by Segment
Nightclubs Revenue
CapyFin.comBombshells Revenue
CapyFin.com Forward Guidance
RCI Hospitality is encouraged by the increasing number of clubs being allowed to reopen as COVID-19 vaccines are rolled out. The company is evaluating potential club acquisitions and expanding Bombshells, including a recent site acquisition in the Dallas area. They are also working to refinance real estate debt at better terms.
Positive Outlook
- More clubs have been allowed to reopen.
- The company is evaluating potential club acquisitions.
- A great site in the Dallas area was acquired to expand Bombshells.
- Due diligence is being conducted on three more Bombshells sites.
- The company is awaiting results of appraisals to refinance real estate debt at better terms.
Challenges Ahead
- Results are not comparable to year-ago periods due to the COVID-19 pandemic.
- State and local governments restrict the opening, occupancy, and operating hours of locations in different ways, at different times.
- The company's actual results could differ materially due to risks and uncertainties associated with operating and managing an adult business.
- Cyber security issues may impact results.
- Conditions relevant to real estate transactions may impact results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income