TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Instagram Outage Disrupts Thousands of U.S. Users 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
DEERFIELD, Ill., Feb. 06, 2018 -- BAB, Inc. (OTCQB:BABB) announced its financial results for its fiscal year ended November 30, 2017, reporting net income of $454,000, or $0.06 per share.
For the year-ended November 30, 2017, BAB, Inc. had revenues of $2,220,000 and net income of $454,000, or $0.06 per share, versus revenues of $2,386,000 and net income of $449,000, or $0.06 per share, for the same period in 2016.
Total operating expenses for the year ended November 30, 2017, were $1,761,000 versus $1,926,000 for the year ended November 30, 2016.
BAB, Inc. franchises and licenses Big Apple Bagels®, My Favorite Muffin®, SweetDuet® and Brewster’s® Coffee. The Company’s stock is traded on the OTCQB under the symbol BABB and its web site can be visited at www.babcorp.com.
(TABLE FOLLOWS)
| BAB, INC. | |||||||||||
| CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS | |||||||||||
| Fiscal Year Ended | |||||||||||
| 2017 | 2016 | % Change | |||||||||
| REVENUES | |||||||||||
| Royalty fees from franchised stores | $ | 1,726,976 | $ | 1,744,640 | -1.0% | ||||||
| Franchise and area development fee revenue | 50,000 | 113,000 | -55.8% | ||||||||
| Licensing fees and other income | 443,917 | 528,527 | -16.0% | ||||||||
| Total Revenue | 2,220,893 | 2,386,167 | -6.9% | ||||||||
| OPERATING COSTS AND EXPENSES | |||||||||||
| Selling, general and administrative | 1,749,791 | 1,906,294 | -8.2% | ||||||||
| Depreciation and amortization | 11,536 | 20,152 | -42.8% | ||||||||
| Total Operating Expense | 1,761,327 | 1,926,446 | -8.6% | ||||||||
| Income before interest, other and taxes | 459,566 | 459,721 | 0.0% | ||||||||
| Interest expense | - | (1,323 | ) | -100.0% | |||||||
| Interest and other income | 107 | 502 | -78.7% | ||||||||
| Current tax expense | (5,500 | ) | (9,500 | ) | -42.1% | ||||||
| Net Income | $ | 454,173 | $ | 449,400 | 1.1% | ||||||
| Earnings per share - basic and diluted | 0.06 | 0.06 | |||||||||
| Average number of shares outstanding | 7,263,508 | 7,263,508 | |||||||||
Contact:
BAB, Inc.
Michael K. Murtaugh (847) 948-7520
Fax: (847) 405-8140
www.babcorp.com
