Welcome to our dedicated page for Noble Romans news (Ticker: NROM), a resource for investors and traders seeking the latest updates and insights on Noble Romans stock.
Noble Roman's, Inc. (NROM) operates as a leading franchisor of pizza and sub foodservice systems, serving diverse venues through its Craft Pizza & Pub concept and licensed partnerships. This page aggregates all material developments including financial disclosures, operational milestones, and strategic initiatives.
Investors and industry observers will find authoritative updates on earnings reports, franchise network expansions, menu innovations, and partnership agreements. Content is curated to provide actionable insights into the company's performance within the competitive foodservice sector.
Key coverage areas: quarterly financial results, new venue deployments, leadership updates, product launches, and franchising program enhancements. All information is sourced from official company communications to ensure reliability.
Bookmark this page for streamlined access to Noble Roman's evolving business narrative. Check regularly for developments impacting the company's position in franchised dining and non-traditional foodservice markets.
Noble Roman's (OTCQB:NROM) has secured an extension of its senior lending facility with Corbel Capital Partners until June 30, 2026. The new agreement modifies the interest terms to SOFR +9.0% with no PIK interest, compared to the previous SOFR +7.75% plus 3% PIK interest structure.
Key changes include:
- Monthly principal payments increased from $83,333 to $91,667
- Extension fee of approximately $66,000 paid at closing
- Corbel's warrant exercise period extended to February 2030
- Warrant exercise price reduced from $0.30 to $0.10 per share
- New warrant issued for up to 750,000 shares
Additional warrants will be issued if the senior note isn't redeemed by August 14, 2025, including 500,000 shares initially and 250,000 shares monthly thereafter.
Noble Roman's (OTCQB:NROM) has secured a 60-day extension of its senior lending facility with Corbel Capital Partners until April 7, 2025. The extension aims to provide time to secure optimal terms for the company's financial restructuring, including the repayment of both Corbel loan and subordinated debt.
The company reports a strong start to 2025 in its non-traditional franchising segment, particularly in convenience stores, with new units both sold and opened in January. This performance is notable as Q1 typically experiences slower convenience store franchise growth. Based on this early momentum, Noble Roman's expresses optimism about matching or exceeding its 2024 unit growth figures.
Noble Roman's (OTCQB:NROM) announced significant expansion of its non-traditional franchises, particularly in convenience stores and travel plazas. The company expects to open approximately 19 new franchise locations in Q4 2024, including three new units for Majors Management This brings the total new unit openings for 2024 to approximately 70 locations.
The company is also building a substantial backlog of new units scheduled to open in Q1 2025, including additional Majors Management locations. Company-owned Craft Pizza & Pub locations are showing positive same-store sales growth compared to last year, with expectations for this trend to continue through Q4 and into Q1 2025. The company plans to refinance its existing senior loan and subordinated debentures.
Noble Roman's (OTCQB:NROM) reported Q3 2024 financial results with net income of $193,000 and operating income of $417,000. Franchising revenue increased to $1.4 million from $1.3 million in 2023. Company-owned Craft Pizza & Pub restaurants saw same-store sales rise nearly 1% in Q3, with recent weeks showing a 5.2% increase. For the nine-month period, the company reported net income of $164,000 and franchising revenue of $4.3 million, up from $3.7 million in 2023. Ongoing royalty income increased 22.5% to $3.9 million. The company opened approximately 53 new franchise locations with plans for 20 more this year.
Noble Roman's (OTCQB:NROM), the Indianapolis-based pizza franchisor, has announced it will release its 2024 third quarter financial results on November 13th after market close. The company will host a conference call on November 14th from 4:00 to 4:45 PM EST.
Interested participants can join the call by dialing 317-300-7896 with participation code 499795. Callers will have the opportunity to ask questions during the Q&A session by pressing 5*.
Noble Roman's, Inc. (OTCQB:NROM) has announced the engagement of Sassetti, as its new independent auditor for the year-ended December 31, 2024 and quarterly reviews. Sassetti, founded in 1921 and based in Oak Brook, Illinois, brings extensive experience in auditing companies similar to Noble Roman's, with a strong focus on the foodservice industry and public companies.
Key points:
- Sassetti is a PCAOB firm and member of the BDO Alliance USA
- The audit team will be led by Izabela Poludniak, CPA, with over 15 years of public accounting experience
- Sassetti's proximity to Noble Roman's headquarters in Indianapolis enables an onsite relationship
- The firm has experience with multi-unit franchisors and public companies
Noble Roman's, Inc. (OTCQB:NROM) has invited shareholders to attend its Annual Shareholder Meeting on August 27, 2024, and provided clarifications regarding misleading statements circulated by BT Brands, Inc (BTB). The company highlights that:
1. BTB failed to comply with by-law requirements for nominating directors.
2. Noble Roman's held its 2023 Annual Meeting on August 10, 2023.
3. BTB's recent open letter to shareholders was issued illegally.
4. Year-to-date, Noble Roman's stock price has gained 54%, while BTB's has declined over 47%.
The company urges shareholders to vote for the nominees endorsed by the Board of Directors and emphasizes its commitment to proper corporate governance and shareholder protection.
BT Brands (NASDAQ: BTBD) has filed a Notice of Exempt Solicitation urging Noble Roman's (NROM) shareholders to withhold support for director candidates at the upcoming August 27, 2024 meeting. BT Brands, owning about 1.56 million NROM shares, claims Noble Roman's Board prevented them from nominating a competing slate of directors. They allege that CEO A. Scott Mobley failed to provide promised nomination materials within the April 12-May 12 window, effectively blocking their nomination attempt. BT Brands argues this turned a potentially contested election into an uncontested one, entrenching current leadership. They're calling for shareholders to consider these actions when voting.
Noble Roman's, Inc. (OTCQB:NROM) announced Q2 2024 financial results. Key highlights include:
- Net income of $57,000 (including $66,000 non-cash expense for warrant valuation)
- Operating Income of $558,000
- 22% increase in Franchising Revenue to $1.4 million
- $151,000 decrease in Company-operated Restaurant Revenue
- Slight increases in Craft Pizza & Pub cost of sales and labor cost
For the six-month period:
- Net loss of $30,000 (including non-cash expenses)
- Operating Income of $990,000
- 32.2% increase in Franchising Revenue to $2.9 million
The company is progressing on new financing to repay senior and subordinated notes, expecting a significant reduction in interest rates.
Noble Roman's (OTCQB:NROM), an Indianapolis-based franchisor of pizza restaurants, has announced key dates for its 2nd Quarter 2024 financial report. The company will release its financial data on August 14th, 2024, after market close. Following this, Noble Roman's will host a conference call on August 15th, 2024, from 4:00 to 4:45 PM EDT.
Investors and interested parties can participate in the conference call by dialing 317-300-7896 and using the participation code 499795. No PIN is required, and callers can press 5* to ask questions during the Q&A session. This announcement provides an opportunity for stakeholders to gain insights into the company's financial performance and future outlook.
