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About Muscle Maker Inc

Muscle Maker, Inc. operates a fast casual restaurant concept, the Muscle Maker Grill, and Healthy Joe’s restaurants. The Muscle Maker Grill prepares protein-based meals featuring chicken, seafood, pasta, burgers, wraps, and flat breads. In addition, the Company features freshly prepared entree salads and an appealing selection of sides, protein shakes and fruit smoothies. The Company operates in the fast-casual restaurant segment. The Company also operates its ghost kitchen mode under brand names: Meal Plan AF, Muscle Maker Burger Bar, Bowls Deep, Burger Joe’s, Wrap It Up, Salad Vibes and Gourmet Sandwich. The Company’s restaurant system includes approximately 25 company-owned restaurants, and 14 franchise restaurants. Seven of the company-owned restaurants are delivery-only locations, including SuperFit Foods.

Financial summary

BRIEF: For the six months ended 30 June 2021, Muscle Maker Inc revenues increased 81% to $4.1M. Net loss decreased 31% to $4.8M. Revenues reflect Revenue Sales of Goods & Services increase of 97% to $3.7M. Lower net loss reflects Other income increase from $14K (expense) to $226K (income), Other Non Rec I/E - Non Business Activ decrease from $96K (expense) to $128K (income), Interest income, net decrease of 62% to $36K (expense).