Regis Corporation reported a net loss of $10.4 million for Q1 2022, an improvement compared to a net loss of $35.3 million in Q1 2021. The company proactively bolstered its liquidity by raising $37 million and is reducing annual G&A spend by approximately $5 million.
System-Wide Same-Store Sales increased 23.2% Compared To Q1 2021.
Proactively bolstered liquidity by raising $37 million in At-The-Market Offering.
Continued Rollout of Proprietary Technology Platform Opensalon® Pro; 46% Of U.S. Franchise Salons Are Now Running Or Have Signed Contracts To Install.
Took Action To Further Reduce Annual G&A Spend By Approximately $5 Million.
Regis is focused on sales recovery and ensuring the company is well-positioned for growth. They have bolstered their liquidity and generated annual savings through corporate reorganization.
Visualization of income flow from segment revenue to net income
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