BJRI - BJ's Restaurants launches $25M equity program sees Q4 revenue of $197M

BJ’s Restaurants (BJRI) launches at-the-market equity program for the sale of up to $25M common shares.Net proceeds will be used for working capital and other general corporate purposes.Also, the company is reporting preliminary Q4 results.Total revenues of $197M, comparable restaurant sales declined 32.3%.Operating loss, excluding impairment charges and gains from lease transactions, in the range of $18M to $20M.Adjusted EBITDA in the range of $2M and $3M.Shares down 2% premarket.

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BJ’s Restaurants launches $25M equity program, sees Q4 revenue of $197M