{"id":166989,"date":"2022-11-17T15:37:53","date_gmt":"2022-11-17T15:37:53","guid":{"rendered":"https:\/\/precoinnews.com\/?p=166989"},"modified":"2022-11-17T15:37:53","modified_gmt":"2022-11-17T15:37:53","slug":"bowlero-corp-slips-8-following-q1-results","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/bowlero-corp-slips-8-following-q1-results\/","title":{"rendered":"Bowlero Corp. Slips 8% Following Q1 Results"},"content":{"rendered":"
Shares of bowling centers operator Bowlero Corp. (BOWL) are down more than 8% Thursday morning following first-quarter results.<\/p>\n
The company reported a loss of $33.53 million for the first quarter, compared with profit of $15.56 million a year ago.<\/p>\n
The latest quarter included a non-cash expense of $40.76 million related to the revaluation of the earnouts from the successful de-SPAC transaction.<\/p>\n
Excluding one-time items, the company registered a profit of $7.23 million.<\/p>\n
Revenue in the first quarter increased 27.2%, year-over-year to $230.26 million.<\/p>\n
BOWL, currently at $12.64, has been trading in the range of $6.96-$15.28 in the last 52 weeks. <\/p>\n