Muscle Maker's Sadot Crosses $500M Total Revenue Milestone
Portfolio Pulse from Shivani Kumaresan
Muscle Maker Inc's subsidiary, Sadot LLC, has crossed the $500 million total revenue milestone, with June 2023 revenues exceeding $45.7 million. This is the eighth consecutive month of top-line revenue surpassing $45 million. An amendment to the service agreement with AGGIA is expected to further improve the company's financial reporting. Muscle Maker's shares are trading 7.4% higher.
July 24, 2023 | 2:52 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Muscle Maker's subsidiary, Sadot LLC, has achieved a significant revenue milestone, which, along with a beneficial agreement amendment with AGGIA, is expected to improve the company's financial performance. The company's shares are currently trading 7.4% higher.
The news of Sadot LLC, a subsidiary of Muscle Maker, crossing the $500 million total revenue milestone is a positive development for the company. This, coupled with the amendment to the service agreement with AGGIA, which is expected to improve the company's financial reporting, is likely to have a positive impact on the company's stock. The current 7.4% increase in the company's share price reflects this positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100