UPDATE – Reborn Coffee Provides Fourth Quarter and Full Year 2024 Corporate Update and Financial Results
Reborn Coffee (NASDAQ: REBN) reported its Q4 and full-year 2024 results, showing mixed performance. Q4 revenue grew 31% to $1.8 million, while full-year revenue increased 8% to $5.9 million. However, company-operated store gross margins declined to 63% in 2024 from 66% in 2023.
The company achieved significant expansion milestones, including approval as a U.S. franchisor with commitments for 33 new locations. Notable developments include partnership with Eachome Shopping for China expansion, plans for European flagship stores in Vienna, Florence, and Prague, and collaboration with Finlays for a new RTD cold brew product line.
Financial challenges persist with a net loss of $4.8 million for 2024, compared to $4.7 million in 2023. The company secured up to $60 million in financing commitments from Arena Investors and aims to establish over 300 locations worldwide within two years.
Reborn Coffee (NASDAQ: REBN) ha riportato i risultati del quarto trimestre e dell'intero anno 2024, mostrando una performance mista. Il fatturato del Q4 è cresciuto del 31% raggiungendo 1,8 milioni di dollari, mentre il fatturato annuale è aumentato dell'8% a 5,9 milioni di dollari. Tuttavia, i margini lordi dei negozi gestiti dall'azienda sono diminuiti al 63% nel 2024 rispetto al 66% del 2023.
L'azienda ha raggiunto importanti traguardi di espansione, inclusa l'approvazione come franchisor negli Stati Uniti con impegni per 33 nuove sedi. Sviluppi notevoli includono la partnership con Eachome Shopping per l'espansione in Cina, piani per negozi flagship europei a Vienna, Firenze e Praga, e collaborazione con Finlays per una nuova linea di prodotti cold brew RTD.
Le sfide finanziarie persistono con una perdita netta di 4,8 milioni di dollari per il 2024, rispetto ai 4,7 milioni del 2023. L'azienda ha ottenuto fino a 60 milioni di dollari in impegni di finanziamento da Arena Investors e mira a stabilire oltre 300 sedi in tutto il mondo entro due anni.
Reborn Coffee (NASDAQ: REBN) reportó sus resultados del cuarto trimestre y del año completo 2024, mostrando un desempeño mixto. Los ingresos del Q4 crecieron un 31% alcanzando 1.8 millones de dólares, mientras que los ingresos anuales aumentaron un 8% a 5.9 millones de dólares. Sin embargo, los márgenes brutos de las tiendas operadas por la empresa disminuyeron al 63% en 2024 desde el 66% en 2023.
La compañía logró hitos significativos de expansión, incluida la aprobación como franquiciador en EE. UU. con compromisos para 33 nuevas ubicaciones. Desarrollos notables incluyen una asociación con Eachome Shopping para la expansión en China, planes para tiendas insignia europeas en Viena, Florencia y Praga, y colaboración con Finlays para una nueva línea de productos de café frío RTD.
Los desafíos financieros persisten con una pérdida neta de 4.8 millones de dólares para 2024, en comparación con 4.7 millones en 2023. La empresa aseguró hasta 60 millones de dólares en compromisos de financiamiento de Arena Investors y tiene como objetivo establecer más de 300 ubicaciones en todo el mundo en dos años.
리본 커피 (NASDAQ: REBN)는 2024년 4분기 및 연간 실적을 발표하며 혼합된 성과를 보여주었습니다. 4분기 매출은 31% 증가하여 180만 달러에 달했습니다, 반면 연간 매출은 8% 증가하여 590만 달러에 도달했습니다. 그러나 회사가 운영하는 매장 총 마진은 2023년 66%에서 2024년 63%로 감소했습니다.
회사는 미국 프랜차이저 승인을 포함한 중요한 확장 이정표를 달성했으며, 33개의 새로운 위치에 대한 약속을 받았습니다. 주목할 만한 발전으로는 중국 확장을 위한 Eachome Shopping과의 파트너십, 비엔나, 피렌체, 프라하에 유럽 플래그십 매장 계획, 그리고 Finlays와의 협력을 통한 새로운 RTD 콜드 브루 제품 라인이 있습니다.
재정적 도전 과제가 지속되며 2024년 순손실이 480만 달러로 2023년 470만 달러와 비교됩니다. 회사는 Arena Investors로부터 최대 6000만 달러의 자금 지원 약정을 확보했으며, 향후 2년 내에 전 세계에 300개 이상의 매장을 설립할 계획입니다.
Reborn Coffee (NASDAQ: REBN) a publié ses résultats du quatrième trimestre et de l'année complète 2024, montrant une performance mitigée. Le chiffre d'affaires du Q4 a augmenté de 31% pour atteindre 1,8 million de dollars, tandis que le chiffre d'affaires annuel a augmenté de 8% pour atteindre 5,9 millions de dollars. Cependant, les marges brutes des magasins exploités par l'entreprise ont diminué à 63% en 2024 contre 66% en 2023.
L'entreprise a atteint d'importants jalons d'expansion, y compris l'approbation en tant que franchiseur aux États-Unis avec des engagements pour 33 nouveaux emplacements. Parmi les développements notables figurent un partenariat avec Eachome Shopping pour l'expansion en Chine, des projets de magasins phares européens à Vienne, Florence et Prague, et une collaboration avec Finlays pour une nouvelle ligne de produits de café froid RTD.
Les défis financiers persistent avec une perte nette de 4,8 millions de dollars pour 2024, contre 4,7 millions de dollars en 2023. L'entreprise a obtenu jusqu'à 60 millions de dollars d'engagements de financement de la part d'Arena Investors et vise à établir plus de 300 emplacements dans le monde entier d'ici deux ans.
Reborn Coffee (NASDAQ: REBN) hat seine Ergebnisse für das vierte Quartal und das gesamte Jahr 2024 veröffentlicht, die eine gemischte Leistung zeigen. Der Umsatz im Q4 stieg um 31% auf 1,8 Millionen Dollar, während der Umsatz für das gesamte Jahr um 8% auf 5,9 Millionen Dollar zunahm. Die Bruttomargen der unternehmenseigenen Geschäfte sanken jedoch 2024 auf 63% von 66% im Jahr 2023.
Das Unternehmen erzielte bedeutende Expansionsmeilensteine, einschließlich der Genehmigung als US-Franchisor mit Verpflichtungen für 33 neue Standorte. Zu den bemerkenswerten Entwicklungen gehören eine Partnerschaft mit Eachome Shopping für die Expansion nach China, Pläne für europäische Flagship-Stores in Wien, Florenz und Prag sowie eine Zusammenarbeit mit Finlays für eine neue RTD-Kaltbrühproduktlinie.
Finanzielle Herausforderungen bestehen weiterhin, mit einem Nettoverlust von 4,8 Millionen Dollar für 2024, verglichen mit 4,7 Millionen Dollar im Jahr 2023. Das Unternehmen sicherte sich bis zu 60 Millionen Dollar an Finanzierungszusagen von Arena Investors und plant, innerhalb von zwei Jahren über 300 Standorte weltweit zu etablieren.
- Q4 2024 revenue increased 31% to $1.8 million
- Full-year 2024 revenue grew 8% to $5.9 million
- Secured commitments for 33 new franchise locations
- Wholesale and online sales grew 47% to $0.4 million in 2024
- Obtained $60 million financing commitment
- Approved as U.S. franchisor with expansion plans
- Company-operated store gross margins declined to 63% from 66% in 2023
- Q4 2024 wholesale revenue declined to -$9,878 from $177,365 in Q4 2023
- Net loss increased to $4.8 million in 2024 from $4.7 million in 2023
- Operating costs increased 5% to $10.5 million
- Cash used in operations increased to $3.5 million from $3.2 million
Insights
Reborn Coffee's Q4 and FY2024 results present a mixed financial picture with concerning underlying trends. While the company delivered
The significant decline in gross margins - from
The pivot to a franchise model represents a strategic shift that could accelerate expansion while reducing capital requirements. The 33 new franchise location commitments provide potential for revenue growth through franchise fees and royalties rather than direct store operations. However, this transition comes amid deteriorating store-level economics.
The
The ambitious international expansion plans spanning China, Europe, and the Middle East seem disconnected from current operational realities. While these initiatives could eventually drive growth, the company's resources raise execution concerns. REBN's management appears focused on growth metrics over profitability, a risky approach given their financial position.
FY 2024 Annual Revenue Growth to
Approved as U.S. Franchisor and Signed Commitments for 33 New Locations Through a Combination of Area Development and Franchise Agreements
BREA, Calif., April 01, 2025 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (Nasdaq: REBN), a leader in the specialty coffee market, has reported its financial and operational results for the fourth quarter and year ended December 31, 2024.
Key Financial and Operational Highlights
- Q4’24 revenue improved
31% to$1.8 million , compared to$1.4 million in Q4’23. - Despite higher food costs, in the full year 2024 revenue improved
8% to$5.9 million as compared to$5.5 million the same period revenue in 2023. - Company-operated store gross margins for the year ended December 31, 2024, decreased to
63% compared to66% for the same period in 2023. - Ended Q4'24 with 11 open locations, with 1 location in development, reinforcing our national growth strategy.
- Full Year 2024 wholesale and online sales grew
47% to$0.4 million from$0.2 million in 2023, as Reborn Coffee continues to scale its omnichannel footprint.
Q4 2024 and Subsequent Events
- Approved as U.S. Franchisor, setting the stage for expansive growth across U.S. markets.
- Signed commitments for 33 new locations through a combination of area development and franchise agreements following a highly successful Franchise Seminar.
- Bosco Bakery in Los Angeles, California joined Reborn Coffee as a franchise, marking a strategic expansion into the artisan bakery segment.
- Partnered with Eachome Shopping, a retail platform under Shenzhen Media Group, offering a wide range of products and services to consumers across China, to expand retail footprint across China.
- Announced Reborn Coffee Dubai, the Middle Eastern hub of Reborn Coffee's international expansion, is spearheading a bold new initiative to establish flagship locations in Europe. Openings are set for Vienna, Austria; Florence, Italy; and Prague, Czech Republic.
- Collaborating with Finlays, a global leader in premium tea and coffee solutions, to launch new ready-to-drink (RTD) 4th Wave Cold Brew product line.
- Entered into a securities purchase agreement and a common stock purchase agreement for up to a total of
$60 million in financing commitments with Arena Investors, LP ("Arena") and Arena Business Solutions Global SPC II, Ltd. ("ABS").
Management Commentary
"The fourth quarter and early 2025 was highlighted by strong progress of our global expansion initiatives and the rollout of our U.S. franchise business,” said Jay Kim, Chief Executive Officer of Reborn. “Our U.S. company stores faced ongoing challenges with the combination of rising input costs, heightened consumer price sensitivity, and increased capital costs that affected gross margins. Despite these challenges, we improved revenue in 2024 by
“We were recently approved as a U.S. franchisor, setting the stage for an ambitious expansion plan, targeting the opening of more than 100 franchise locations nationwide within the next three years. We are now approved to operate in the state of California and non-franchise registration states, with additional franchise approvals in other registration states actively in progress. This phased approach ensures a strategic and comprehensive nationwide rollout. Following a highly successful Franchise Seminar held in February, we secured commitments for 33 new franchise locations in California, Florida, Georgia, Arizona and more. With our area development model, we are accelerating our footprint nationwide while ensuring strong local partnerships that will drive operational success. Most recently, Bosco Bakery in Los Angeles, California officially joined Reborn Coffee as a franchise. This flagship franchise will serve as a model for future hybrid café-bakery locations.
“Internationally, we partnered with Eachome Shopping in China to scale our retail presence by integrating with their extensive online and offline platforms. By leveraging Eachome Shopping's robust media resources, we aim to enhance brand visibility and engage a broader consumer base. The collaboration also paves the way for future online ventures, with aspirations to expand beyond China into the broader Southeast Asian market. Concurrently, Reborn Coffee Dubai is working to establish flagship locations in Europe including Vienna, Austria; Florence, Italy; and Prague, Czech Republic. The Prague flagship store is set to open in June 2025, strategically aligning with the peak tourist season, with announcements for Florence and Prague coming soon.
“We have also made progress for the launch of our Ready-To-Drink (RTD) 4th Wave Cold Brew product line, partnering for launch with Finlays, a global leader in premium tea and coffee solutions. Finlays was selected for its state-of-the-art cold brew extraction process, which ensures superior flavor and extended shelf life for RTD coffee beverages. The collaboration has resulted in three distinct offerings including Miami Passion, Signature Blend, and Single-Origin Colombian Cold Brew. The RTD cold brew coffee market continues to experience double-digit growth as consumers seek healthier, more convenient options for their fast-paced lifestyles. Reborn Cold Brew will stand out by delivering a smoother, less acidic coffee experience with natural ingredients, zero sugar, and bold caffeine flavors tailored to a new generation of coffee drinkers.
“Looking ahead, we believe our growing international presence, introduction of innovative new products, rapidly expanding online ecommerce sales, and targeted marketing initiatives will deliver on our comprehensive growth strategy in the long term. We are working diligently to expand and diversify our global operations with strategic partnerships and initiatives across Asia, Eastern Europe, and the Middle East in some of the world's fastest-growing coffee markets. Our longer-term goals extend beyond these regions, and we have established a target of over 300 locations worldwide within the next two years designed to establish Reborn Coffee as a household name around the world. As we continue to penetrate new markets, we are poised to redefine the future of specialty coffee on a global scale.
“At our US retail locations and ecommerce, we will continue to focus on driving sales and improving gross profit, enhanced by new beverages, complementary product launches, and new company-owned retail locations. We believe the newly secured franchise agreements underscore the strong demand for Reborn Coffee's specialty coffee, tea, and bakery concept, and the franchise model will position us as a leading force in the U.S. coffee industry. We look forward to additional updates on our anticipated milestones in the weeks and months to come,” concluded Kim.
Anticipated Milestones
- Accelerate Reborn Coffee’s footprint across China with multiple flagship stores opening in key tier-1 cities including Guangzhou, Shanghai, and Shenzhen, supported by regional master license agreements to drive multi-unit expansion.
- Establish a landmark flagship café inside the New Century Global Center in Chengdu, one of the largest shopping complexes in the world, integrating café, tea, and bakery concepts in a premium lifestyle destination.
- Expand into Northern China through our Shenyang flagship location, with a focus on family-oriented retail experiences and integration into large-scale amusement and entertainment complexes via strategic partners.
- Introduce AI-powered operational systems in new China stores, with future rollout planned across U.S. franchise locations to enhance efficiency, consistency, and customer engagement.
- Strengthen our presence in Southern China, with a focus on the Greater Bay Area as a key growth hub, aligning with Reborn’s lifestyle branding and café experiences.
- Initiate global distribution of Reborn’s patented Coffeeware, starting with the Reborn Tumbler, targeting specialty coffee markets in the U.S., China, Korea, and Southeast Asia, with plans to license or co-develop additional designs.
- Open flagship location in Dubai, UAE, as a launchpad into the Middle East region, with plans for 20+ additional locations, supported by a centralized distribution center, roasting facility, and regional warehouse to support scalability.
- Strengthen omnichannel revenue streams through expanded wholesale, ecommerce, and RTD cold brew product sales across major digital and retail platforms.
Fourth Quarter and Full Year 2024 Financial Results
Revenues were
Company-operated store gross profit was
Company-operated store gross profit was
Wholesale and online revenue for the fourth quarter of 2024 was (
Total operating costs and expenses for the three-month period ended December 31, 2024, were
Net loss for the fourth quarter of 2024 was
Net cash used in operating activities for the year ended December 31, 2024, was
Cash and cash equivalents totaled
About Reborn Coffee
Reborn Coffee, Inc. (NASDAQ: REBN) is focused on serving high quality, specialty-roasted coffee at retail locations, kiosks, and cafes. Reborn is an innovative company that strives for constant improvement in the coffee experience through exploration of new technology and premier service, guided by traditional brewing techniques. Reborn believes they differentiate themselves from other coffee roasters through innovative techniques, including sourcing, washing, roasting, and brewing their coffee beans with a balance of precision and craft. For more information, please visit www.reborncoffee.com.
Forward-Looking Statements
All statements in this release that are not based on historical fact are “forward-looking statements.” While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of our recent filings with the Securities and Exchange Commission (“SEC”) including our Form 10-K year ended December 31, 2024, which can be found on the SEC’s website at www.sec.gov. Such risks, uncertainties, and other factors include, but are not limited to, the Company’s ability to continue as a going concern as indicated in an explanatory paragraph in the Company’s independent registered public accounting firm’s audit report as a result of recurring net losses, among other things, the Company’s ability to successfully open the additional locations described herein as planned or at all, the Company’s ability to expand its business both within and outside of California (including as it relates to increasing sales and growing Average Unit Volumes at our existing stores), the degree of customer loyalty to our stores and products, the fluctuation of economic conditions, competition and inflation. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contacts
Investor Relations Contact:
Chris Tyson
Executive Vice President
MZ North America
REBN@mzgroup.us
949-491-8235
Company Contact:
Reborn Coffee, Inc.
ir@reborncoffee.com
| REBORN COFFEE, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS | ||||||||
| December 31, | December 31, | |||||||
| 2024 | 2023 | |||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 158,215 | $ | 164,301 | ||||
| Accounts receivable, net of allowance for doubtful accounts of | 67,309 | 56,938 | ||||||
| Inventories, net | 169,615 | 185,061 | ||||||
| Prepaid expense and other current assets | 467,613 | 359,124 | ||||||
| Total current assets | 862,752 | 765,424 | ||||||
| Property and equipment, net | 4,080,004 | 3,494,050 | ||||||
| Operating lease right-of-use asset | 2,653,179 | 4,566,968 | ||||||
| Other assets | 193,188 | 425,712 | ||||||
| Total assets | $ | 7,789,123 | $ | 9,252,154 | ||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 558,444 | $ | 632,753 | ||||
| Accrued expenses and current liabilities | 774,826 | 611,290 | ||||||
| Loans payable to financial institutions, current | 111,300 | 791,352 | ||||||
| Loans payable to others | 427,073 | 609,027 | ||||||
| Loans payable to shareholders | - | 100,000 | ||||||
| Loan payable, emergency injury disaster loan (EIDL), current | 30,060 | 30,060 | ||||||
| Loan payable, payroll protection program (PPP), current | 37,494 | 45,678 | ||||||
| Operating lease liabilities, current | 844,177 | 1,003,753 | ||||||
| Total current liabilities | 2,783,374 | 3,823,913 | ||||||
| Loans payable to financial institutions, net of current | - | 335,147 | ||||||
| Loan payable, emergency injury disaster loan (EIDL), net of current | 469,940 | 469,940 | ||||||
| Loan payable, payroll protection program (PPP), net of current | 26,307 | 51,595 | ||||||
| Operating lease liabilities, net of current | 1,906,760 | 3,725,153 | ||||||
| Total liabilities | 5,186,381 | 8,405,748 | ||||||
| Commitments and Contingencies | ||||||||
| Stockholders’ equity | ||||||||
| Common Stock, | 428 | 187 | ||||||
| Common stock issuable, | 1,470,000 | - | ||||||
| Preferred Stock, | - | - | ||||||
| Additional paid-in capital | 22,674,095 | 17,603,143 | ||||||
| Accumulated deficit | (21,562,872 | ) | (16,756,924 | ) | ||||
| Accumulated other comprehensive income (loss) | 21,091 | - | ||||||
| Total stockholders’ equity | 2,602,742 | 846,406 | ||||||
| Total liabilities and stockholders’ equity | $ | 7,789,123 | $ | 9,252,154 | ||||
| REBORN COFFEE, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||
| Years Ended December 31, | ||||||||
| 2024 | 2023 | |||||||
| Net revenues: | ||||||||
| Stores | 5,573,247 | 5,266,783 | ||||||
| Wholesale and online | 355,286 | 241,356 | ||||||
| Total net revenues | 5,928,533 | 5,508,139 | ||||||
| Operating costs and expenses: | ||||||||
| Product, food and drink costs - stores | 2,062,460 | 1,782,681 | ||||||
| Cost of sales—wholesale and online | 142,114 | 105,714 | ||||||
| General and administrative | 8,343,505 | 8,162,523 | ||||||
| Total operating costs and expenses | 10,548,079 | 10,050,918 | ||||||
| Loss from operations | (4,619,546 | ) | (4,542,779 | ) | ||||
| Other income (expense): | ||||||||
| Other income (expense) | 55,140 | (8,942 | ) | |||||
| Asset impairment loss | (25,602 | ) | - | |||||
| Loss on the sale of building | - | (36,094 | ) | |||||
| Interest expense | (215,140 | ) | (129,480 | ) | ||||
| Total other expense, net | (185,602 | ) | (174,516 | ) | ||||
| Loss before income taxes | (4,805,148 | ) | (4,717,295 | ) | ||||
| Provision for income taxes | 800 | 7,828 | ||||||
| Net loss | $ | (4,805,948 | ) | $ | (4,725,123 | ) | ||
| Loss per share: | ||||||||
| Basic and diluted | $ | (1.66 | ) | $ | (2.86 | ) | ||
| Weighted average number of common shares outstanding: | ||||||||
| Basic and diluted | 2,896,960 | 1,652,034 | ||||||
| REBORN COFFEE, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||||
| Years Ended December 31, | ||||||||
| 2024 | 2023 | |||||||
| Cash flows from operating activities: | ||||||||
| Net loss | $ | (4,805,948 | ) | $ | (4,725,123 | ) | ||
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||||||||
| Stock compensation | 600,061 | 285,000 | ||||||
| Stock issued for services | 187,152 | - | ||||||
| Operating lease | (64,180 | ) | 256,618 | |||||
| Depreciation | 391,263 | 262,019 | ||||||
| Changes in operating assets and liabilities: | ||||||||
| Decrease (increase) in accounts receivable | (10,371 | ) | (56,158 | ) | ||||
| Decrease (increase) in inventories | 15,446 | (52,718 | ) | |||||
| Decrease (increase) in other assets, net | 124,035 | (71,822 | ) | |||||
| Increase (decrease) in accounts payable | (53,218 | ) | 544,944 | |||||
| Increase (decrease) in accrued liabilities, net | 163,536 | 378,237 | ||||||
| Net cash used in operating activities | (3,452,224 | ) | (3,179,003 | ) | ||||
| Cash flows from investing activities: | ||||||||
| Acquisition of property and equipment | (1,109,374 | ) | (2,413,257 | ) | ||||
| Proceeds from disposal of assets | 132,157 | - | ||||||
| Net cash used in investing activities | (977,217 | ) | (2,413,257 | ) | ||||
| Cash flows from financing activities: | ||||||||
| Proceeds from issuance of common stock | 4,283,980 | - | ||||||
| Proceeds from common stock issuable | 1,470,000 | |||||||
| Repayent of borrowings from shareholder | (100,000 | ) | - | |||||
| Proceeds frm loan payable to others | (181,954 | ) | - | |||||
| Proceeds frm line of credit | - | 1,000,000 | ||||||
| Repayent of loan payable, PPP | (33,472 | ) | - | |||||
| Proceeds from loan payable to financial institutions | - | 1,784,628 | ||||||
| Repayments of loan payable to financial institutions | (1,015,199 | ) | (47,102 | ) | ||||
| Net cash provided by financing activities | 4,423,355 | 2,737,526 | ||||||
| Net increase (decrease) in cash | (6,086 | ) | (2,854,734 | ) | ||||
| Cash at beginning of year | 164,301 | 3,019,035 | ||||||
| Cash at end of year | $ | 158,215 | $ | 164,301 | ||||
| Supplemental disclosures of non-cash investing and financing activities: | ||||||||
| Conversion of credit line to common stock issuances | $ | - | $ | 1,000,000 | ||||
| Supplemental disclosure of cash flow information: | ||||||||
| Cash paid during the years for: | ||||||||
| Interest | $ | 215,000 | $ | 129,000 | ||||
| Income taxes | $ | 800 | $ | 800 | ||||
FAQ
What was Reborn Coffee's (REBN) revenue growth in Q4 2024?
How many new franchise locations has REBN secured commitments for in 2024?
What are REBN's European expansion plans for 2025?
What was Reborn Coffee's (REBN) net loss for full-year 2024?
How much financing did REBN secure in February 2025?
