1Q22 Results. For the first time, all of FAT Brands' acquisitions were together for a quarter. The Company reported 1Q22 revenue of $97.4 million up from $74.2 million in the fourth quarter, and compared to $6.6 million in 1Q21. The increased revenue reflects the 2022 acquisitions. FAT reported adjusted EBITDA of $15.1 million in 1Q22. Net loss for the quarter was $23.8 million, or $1.45 per share. We had projected revenue of $83 million and a net loss of $12.3 million, or $0.85 per share.Solid Performance. The restaurant operations continue to post solid performance. Systemwide sales hit $504.9 million from $114.5 million a year ago, driven by the acquisitions. Notably SSS for concepts owned for a year were up 16.8%, and including all locations, were up 11.8%. Read More >>