RCI Hospitality (US:RICK)2021-12-15 19:48Financial Highlights - RCI Hospitality Holdings achieved record total revenues of $195.3 million for FY21, compared to $132.3 million in FY20 [15] - The company reported EPS of $3.37 and Non-GAAP EPS of $4.08 for FY21 [15] - Net cash from operating activities reached $42.0 million, with free cash flow at $36.1 million for FY21 [15] - As of September 30, 2021, the company had $35.7 million in cash and equivalents [15] - Adjusted EBITDA for FY21 was $60.2 million [40] Segment Performance - Nightclubs segment revenues for 4Q21 were $40.3 million [18] - Bombshells segment revenues for 4Q21 reached $14.4 million, a 69% increase compared to 4Q19, with 25% more units [24] - Bombshells operating margin for 4Q21 was 20.8% [24] Debt and Capital Allocation - As of September 30, 2021, total debt was $126.8 million with a weighted average interest rate of 5.64% [42] - As of November 30, 2021, total debt increased to $164.6 million with a weighted average interest rate of 6.24% [52] - The company refinanced its bank real estate loan for $99.1 million [15] Growth Initiatives - The company closed on the acquisition of 11 nightclubs in 6 states on October 18, 2021 [58]