Yoshiharu Reports First Quarter 2025 Financial Results

Core Insights - Yoshiharu Global Co. reported a 25% increase in revenues for Q1 2025, reaching $3.5 million, primarily driven by new restaurant sales in Las Vegas [1][3][9] - The company secured financing commitments of $3.56 million and converted $2.5 million in debt to equity, improving its financial position and regaining compliance with NASDAQ's stockholders' equity requirement [4][8] - The cash balance increased by 59% to $3.0 million compared to the previous year [1][12] Financial Performance - Revenues for Q1 2025 were $3.5 million, up from $2.8 million in Q1 2024, marking an increase of approximately $0.7 million or 24.9% [9] - Total restaurant operating expenses rose to $3.4 million from $2.6 million in the prior year, driven by costs associated with the new Las Vegas restaurants [10] - General and administrative expenses increased to approximately $1.3 million from $0.9 million, primarily due to higher professional fees [11] Operational Highlights - The company opened a new restaurant in Menifee, California, bringing the total number of locations to 15, with one additional location under development in Ontario [5][8] - Management plans to open 2-3 new locations in Southern California and expand to cities like Boston, Seattle, and North California, as well as international locations in Paris, London, and South Korea [8] - New initiatives include diversifying service channels, adding kiosks, and utilizing cooking robots to enhance efficiency and reduce labor costs [6] Strategic Outlook - The company aims for further improvement in both top- and bottom-line growth, focusing on strategic expansion in the U.S. and China [6] - Anticipated milestones include the initiation of franchise sales in 2025 [8]