• Noble Roman's 2Q revenue rises, profits drop

INDIANAPOLIS -- Noble Roman's, Inc. (OTC Bulletin Board: NROM) announced that earnings for the quarter ended June 30, 2002, were down slightly compared to the year before.

According to a release, during the period the company tallied net income of $165,000 (1 cent per share), compared to $215,000 (2 cents per share) for the same period in 2001. Total revenues for the quarter were $1.6 million, compared to $1.5 million for the same period last year.

For the first half of the year, Noble Roman's net income was $364,000 (2 cents per share), compared to $424,000 (3 cents per share) for the same period last year. Total revenue for the period was $3 million, compared to $2.9 million for the same period in 2001.

The company also announced the rollout of its latest pizza concept, Noble Roman's Cafe-To-Go, launched in July.

The self-service kiosk provides pizza-focused foodservice for locations where operators don't want to add foodservice labor. Operators stock the Cafe-To-Go kiosk with frozen items that customers choose for baking in the kiosk's self-contained oven.

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