The ONE Group Announces Fourth Quarter and Fiscal Year 2015 Results

The fourth quarter marked our seventh consecutive quarter of double digit revenue growth; Owned unit net revenues increased 42.6% to $16.8 million

The ONE Group Hospitality, Inc (NASDAQ: STKS), today announced its financial results for the fourth quarter and full year ended December 31, 2015.

Highlights for the fourth quarter ended December 31, 2015 were as follows:

• The fourth quarter marked our seventh consecutive quarter of double digit revenue growth;



• Owned unit net revenues increased 42.6% to $16.8 million;



• Total GAAP revenue increased 29.2% to $18.6 million;



• Total food and beverage sales at owned and managed units* increased 16.3% to $41.7 million;



• Management and incentive fee revenues were $1.8 million for the quarter;



• GAAP net income attributable to The ONE Group Hospitality, Inc. for the quarter increased 3.5% to $1.6 million, or $0.07 per share; and



• Adjusted EBITDA was $2.0 millio
  
  
  

The ONE Group Announces Fourth Quarter and Fiscal Year 2015 Results

The fourth quarter marked our seventh consecutive quarter of double digit revenue growth; Owned unit net revenues increased 42.6% to $16.8 million

The ONE Group Hospitality, Inc (NASDAQ: STKS), today announced its financial results for the fourth quarter and full year ended December 31, 2015.

Highlights for the fourth quarter ended December 31, 2015 were as follows:

• The fourth quarter marked our seventh consecutive quarter of double digit revenue growth;



• Owned unit net revenues increased 42.6% to $16.8 million;



• Total GAAP revenue increased 29.2% to $18.6 million;



• Total food and beverage sales at owned and managed units* increased 16.3% to $41.7 million;



• Management and incentive fee revenues were $1.8 million for the quarter;



• GAAP net income attributable to The ONE Group Hospitality, Inc. for the quarter increased 3.5% to $1.6 million, or $0.07 per share; and



• Adjusted EBITDA was $2.0 millio