Business Context and Reporting Period
Company: Muscle Maker, Inc. (Note: Request metadata listed "Sadot Group Inc.", but the filing identifies the issuer as Muscle Maker, Inc.)
Filing Type: Form 8-K (Current Report)
Date of Report: January 31, 2022
Reporting Period: Fiscal year ended December 31, 2021
Context: The filing discloses unaudited financial information to be presented in investor meetings. The company operates under the trading symbol GRIL on The Nasdaq Stock Market and is classified as an emerging growth company.
Key Financial Metrics
The following unaudited figures relate to the year ended December 31, 2021:
- Total Revenue: Approximately $10.2 million
- Revenue by Brand:
- Muscle Maker: ~$6.0 million
- Pokemoto: ~$2.8 million
- Superfit: ~$1.4 million
- General and Administrative Expenses: Approximately $7.9 million
- Working Capital: Approximately $15 million
Note: The filing does not provide specific values for net profit, operating margins, cash flow, or total debt.
Material Changes
The filing does not provide comparative financial data for the prior period (2020) or explicitly state material changes versus the prior year. The document focuses solely on presenting the 2021 year-end figures.
Guidance, Outlook, and Risks
Outlook: The company intends to present this information in slide shows to potential and existing investors throughout the remainder of the fiscal quarter.
Forward-Looking Statements: The filing includes standard disclaimers that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from expectations. The company does not undertake a duty to update these statements except as required by law.
Unusual Items: None specifically identified in the text provided.
Investor Verification Checklist
- Verify the unaudited nature of the $10.2 million revenue and $15 million working capital figures against the upcoming audited annual report (10-K).
- Confirm the specific breakdown of revenue by brand (Muscle Maker, Pokemoto, Superfit) in future detailed filings.
- Review the "Risk Factors" section in the company's most recent 10-K or 10-Q for detailed operational risks not elaborated in this 8-K.
- Clarify the discrepancy between the request metadata ("Sadot Group Inc.") and the filing issuer ("Muscle Maker, Inc.").