Yoshiharu Global Co. announced on April 2, 2025, that it regained compliance with Nasdaq's minimum stockholders' equity requirement, with the matter now closed. This was achieved through financing commitments of $3.56 million and the conversion of $2.5 million in debt to equity.
For the fourth quarter ended December 31, 2024, revenues increased by 47.4% to $3.7 million compared to $2.5 million in the prior year period. The company reported an operating income of $0.2 million, a significant improvement from an operating loss of $0.7 million in Q4 2023.
Net income for Q4 2024 was $537,268, compared to $8,597 in the prior year, primarily due to increased revenue while costs remained comparatively stable. Full-year 2024 revenues increased by 39.3% to $12.8 million, up from $9.2 million in 2023.
The full-year operating loss improved to $2.6 million from $3.5 million in 2023, and the net loss narrowed to $2.7 million from $3.0 million. These improvements were largely driven by sales from three new Las Vegas restaurants acquired in April 2024 and two other new restaurants opened in February and October 2024.
As of December 31, 2024, the company's cash balance totaled $1.2 million. Yoshiharu highlighted the recent grand opening of its Menifee, CA location and the appointment of Sungjoon Chae to its Board of Directors as part of its ongoing growth initiatives.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.