Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Bagger Dave’s to Pursue Strategic Alternatives By: BT Brands, Inc. via Business Wire January 26, 2024 at 09:00 AM EST BT Brands, Inc. (Nasdaq: BTBD and BTBDW), and its 39.6 percent owned affiliate, Bagger Dave’s Burger Tavern, Inc. (OTCMarkets: BDVB), today announced plans to review strategic alternatives for the Bagger Dave’s public corporation and the six Bagger Dave’s operating restaurant locations. As part of this review, it is anticipated that a proposal will be made to Bagger Dave’s shareholders to change the name of Bagger Dave’s to align the name appropriately with a new business strategy. We anticipate proposing to shareholders a reverse split of Bagger Dave’s outstanding shares, and plan to retain a PCAOB-registered audit firm to review the Bagger Dave’s financial statements audited for inclusion in a potential equity offering registration statement, which would coincide with an uplisting of the shares to NASDAQ Markets or another exchange. Bagger Dave’s opened its first location In Berkley, Michigan, in 2008 and grew to over 25 units in three states; there are currently six Bagger Dave’s restaurants, including four in Michigan and single units in Ft. Wayne, Indiana, and Centerville, Ohio. Commenting on Bagger Dave’s, CEO Gary Copperud noted, “All six stores are in excellent locations representing an original investment of more than $5 million. The stores range from 4,000 to 6,000 square feet, carry full liquor licenses, and are in excellent physical condition. We have had several restaurant professionals look at the locations over the last year, and all agree the units provide an outstanding footprint for a conversion opportunity. The Bagger Dave’s locations will continue normal operations as Bagger Daves, with the process of conversion to another concept expected to begin sometime later this year. We look forward to identifying a dynamic growth opportunity, providing potential career growth for all current employees of Bagger Dave’s. We see the opportunity for Bagger Dave’s shareholders, including BT Brands, to earn significant returns from a successful conversion. BT Brands and Bagger Dave’s have retained Eastwalk Consultants, LLC, as an advisor in transitioning Bagger Dave’s to a growing listed corporation. About BT Brands Inc.: BT Brands, Inc. (BTBD and BTBDW) owns and operates a fast-food restaurant chain called Burger Time with locations in North and South Dakota and Minnesota and Pie In The Sky Coffee and Bakery in Woods Hole, Massachusetts, the Village Bier Garten in Cocoa, Florida, and Keegan’s Seafood Grille near Clearwater, Florida. BT Brands is seeking acquisitions within the restaurant industry. Cautionary Note Regarding Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding guidance relating to net income and net income per share, expected operating results, such as revenue growth and earnings, anticipated levels of capital expenditures for the 2023 fiscal year, current or future volatility in the credit markets and future market conditions, our belief that we have sufficient liquidity to fund our business operations during the next fiscal year, market position, financial results and reserves, and strategy for risk management. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the disruption to our business from public health emergencies, the impact on our results of operations, and our financial condition; the uncertain nature of the restaurant industry; our ability to integrate acquired restaurants, delays in developing and opening new restaurants because of weather, local permitting or other reasons, increased competition, cost increases or shortages in raw food products, staffing shortages and the effect of inflation on key supplies and inputs. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. BT BRANDS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) 39 Weeks Ended 39 Weeks Ended, 13 Weeks Ended, 13 Weeks Ended, October 1, 2023 October 2, 2022 October 1, 2023 October 2, 2022 SALES $ 11,078,419 $ 9,621,996 $ 4,007,656 $ 4,023,920 COSTS AND EXPENSES Restaurant operating expenses Food and paper costs 4,348,294 3,637,814 1,449,796 1,604,858 Labor costs 4,124,857 3,122,867 1,509,721 1,336,039 Occupancy costs 845,863 803,792 340,002 367,872 Other operating expenses 603,964 577,035 209,721 248,383 Depreciation and amortization 470,801 351,084 114,774 168,855 General and administrative 1,288,019 1,035,639 343,027 288,921 Gain on sale of assets (313,688) - - - Total costs and expenses 11,368,110 9,528,231 3,967,042 4,014,928 Income (loss) from operations (289,691) 93,765 40,614 8,992 GAIN (LOSS) ON MARKETABLE SECURITIES 33,184 (155,220) 56,248 (74,982) INTEREST AND OTHER INCOME 123,630 55,836 32,821 46,364 INTEREST EXPENSE (73,857) (88,099) (23,948) (33,638) EQUITY NET LOSS OF AFFILIATE (254,272) (135,813) (109,222) (121,641) LOSS BEFORE TAXES (461,006) (229,531) (3,486) (174,905) INCOME TAX BENEFIT 82,000 5,000 - - NET LOSS $ (379,006) $ (224,531) $ (3,486) $ (174,905) NET LOSS PER COMMON SHARE - $ (0.06) $ (0.03) $ (0.00) $ (0.04) WEIGHTED AVERAGE SHARES 6,257,652 6,459,223 6,246,118 6,461,118 BT BRANDS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited) October 1, 2023 January 1, 2023 ASSETS CURRENT ASSETS Cash and cash equivalents $ 5,546,874 $ 2,150,578 Marketable securities 1,366,973 5,994,295 Receivables 55,200 76,948 Inventory 192,991 158,351 Prepaid expenses and other current assets 37,445 37,397 Assets held for sale 258,751 446,524 Total current assets 7,458,234 8,864,093 PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET 3,238,310 3,294,644 OPERATING LEASES RIGHT-OF-USE ASSETS 1,834,408 2,004,673 INVESTMENTS 1,115,615 1,369,186 DEFERRED INCOME TAXES 143,000 61,000 GOODWILL 671,220 671,220 INTANGIBLE ASSETS, NET 400,766 453,978 OTHER ASSETS, NET 49,627 50,903 Total assets $ 14,911,180 $ 16,769,697 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable $ 431,187 $ 448,605 Broker margin loan 791,370 Current maturities of long-term debt 164,866 167,616 Current operating lease obligations 215,326 193,430 Accrued expenses 476,035 532,520 Total current liabilities 1,287,414 2,133,541 LONG-TERM DEBT, LESS CURRENT PORTION 2,332,014 2,658,477 NONCURRENT LEASE OBLIGATIONS 1,650,361 1,825,057 Total liabilities 5,269,789 6,617,075 SHAREHOLDERS' EQUITY Common stock 12,492 12,792 Less cost of Treasury shares (356,807) (106,882) Additional paid-in capital 11,527,235 11,409,235 Accumulated deficit (1,541,529) (1,162,523) Total shareholders' equity 9,641,391 10,152,622 Total liabilities and shareholders' equity $ 14,911,180 $ 16,769,697 Category: Financial Category View source version on businesswire.com: https://www.businesswire.com/news/home/20240126639874/en/Contacts KENNETH BRIMMER 612-229-8811 Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. 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Bagger Dave’s to Pursue Strategic Alternatives By: BT Brands, Inc. via Business Wire January 26, 2024 at 09:00 AM EST BT Brands, Inc. (Nasdaq: BTBD and BTBDW), and its 39.6 percent owned affiliate, Bagger Dave’s Burger Tavern, Inc. (OTCMarkets: BDVB), today announced plans to review strategic alternatives for the Bagger Dave’s public corporation and the six Bagger Dave’s operating restaurant locations. As part of this review, it is anticipated that a proposal will be made to Bagger Dave’s shareholders to change the name of Bagger Dave’s to align the name appropriately with a new business strategy. We anticipate proposing to shareholders a reverse split of Bagger Dave’s outstanding shares, and plan to retain a PCAOB-registered audit firm to review the Bagger Dave’s financial statements audited for inclusion in a potential equity offering registration statement, which would coincide with an uplisting of the shares to NASDAQ Markets or another exchange. Bagger Dave’s opened its first location In Berkley, Michigan, in 2008 and grew to over 25 units in three states; there are currently six Bagger Dave’s restaurants, including four in Michigan and single units in Ft. Wayne, Indiana, and Centerville, Ohio. Commenting on Bagger Dave’s, CEO Gary Copperud noted, “All six stores are in excellent locations representing an original investment of more than $5 million. The stores range from 4,000 to 6,000 square feet, carry full liquor licenses, and are in excellent physical condition. We have had several restaurant professionals look at the locations over the last year, and all agree the units provide an outstanding footprint for a conversion opportunity. The Bagger Dave’s locations will continue normal operations as Bagger Daves, with the process of conversion to another concept expected to begin sometime later this year. We look forward to identifying a dynamic growth opportunity, providing potential career growth for all current employees of Bagger Dave’s. We see the opportunity for Bagger Dave’s shareholders, including BT Brands, to earn significant returns from a successful conversion. BT Brands and Bagger Dave’s have retained Eastwalk Consultants, LLC, as an advisor in transitioning Bagger Dave’s to a growing listed corporation. About BT Brands Inc.: BT Brands, Inc. (BTBD and BTBDW) owns and operates a fast-food restaurant chain called Burger Time with locations in North and South Dakota and Minnesota and Pie In The Sky Coffee and Bakery in Woods Hole, Massachusetts, the Village Bier Garten in Cocoa, Florida, and Keegan’s Seafood Grille near Clearwater, Florida. BT Brands is seeking acquisitions within the restaurant industry. Cautionary Note Regarding Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding guidance relating to net income and net income per share, expected operating results, such as revenue growth and earnings, anticipated levels of capital expenditures for the 2023 fiscal year, current or future volatility in the credit markets and future market conditions, our belief that we have sufficient liquidity to fund our business operations during the next fiscal year, market position, financial results and reserves, and strategy for risk management. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the disruption to our business from public health emergencies, the impact on our results of operations, and our financial condition; the uncertain nature of the restaurant industry; our ability to integrate acquired restaurants, delays in developing and opening new restaurants because of weather, local permitting or other reasons, increased competition, cost increases or shortages in raw food products, staffing shortages and the effect of inflation on key supplies and inputs. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. BT BRANDS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) 39 Weeks Ended 39 Weeks Ended, 13 Weeks Ended, 13 Weeks Ended, October 1, 2023 October 2, 2022 October 1, 2023 October 2, 2022 SALES $ 11,078,419 $ 9,621,996 $ 4,007,656 $ 4,023,920 COSTS AND EXPENSES Restaurant operating expenses Food and paper costs 4,348,294 3,637,814 1,449,796 1,604,858 Labor costs 4,124,857 3,122,867 1,509,721 1,336,039 Occupancy costs 845,863 803,792 340,002 367,872 Other operating expenses 603,964 577,035 209,721 248,383 Depreciation and amortization 470,801 351,084 114,774 168,855 General and administrative 1,288,019 1,035,639 343,027 288,921 Gain on sale of assets (313,688) - - - Total costs and expenses 11,368,110 9,528,231 3,967,042 4,014,928 Income (loss) from operations (289,691) 93,765 40,614 8,992 GAIN (LOSS) ON MARKETABLE SECURITIES 33,184 (155,220) 56,248 (74,982) INTEREST AND OTHER INCOME 123,630 55,836 32,821 46,364 INTEREST EXPENSE (73,857) (88,099) (23,948) (33,638) EQUITY NET LOSS OF AFFILIATE (254,272) (135,813) (109,222) (121,641) LOSS BEFORE TAXES (461,006) (229,531) (3,486) (174,905) INCOME TAX BENEFIT 82,000 5,000 - - NET LOSS $ (379,006) $ (224,531) $ (3,486) $ (174,905) NET LOSS PER COMMON SHARE - $ (0.06) $ (0.03) $ (0.00) $ (0.04) WEIGHTED AVERAGE SHARES 6,257,652 6,459,223 6,246,118 6,461,118 BT BRANDS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited) October 1, 2023 January 1, 2023 ASSETS CURRENT ASSETS Cash and cash equivalents $ 5,546,874 $ 2,150,578 Marketable securities 1,366,973 5,994,295 Receivables 55,200 76,948 Inventory 192,991 158,351 Prepaid expenses and other current assets 37,445 37,397 Assets held for sale 258,751 446,524 Total current assets 7,458,234 8,864,093 PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET 3,238,310 3,294,644 OPERATING LEASES RIGHT-OF-USE ASSETS 1,834,408 2,004,673 INVESTMENTS 1,115,615 1,369,186 DEFERRED INCOME TAXES 143,000 61,000 GOODWILL 671,220 671,220 INTANGIBLE ASSETS, NET 400,766 453,978 OTHER ASSETS, NET 49,627 50,903 Total assets $ 14,911,180 $ 16,769,697 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable $ 431,187 $ 448,605 Broker margin loan 791,370 Current maturities of long-term debt 164,866 167,616 Current operating lease obligations 215,326 193,430 Accrued expenses 476,035 532,520 Total current liabilities 1,287,414 2,133,541 LONG-TERM DEBT, LESS CURRENT PORTION 2,332,014 2,658,477 NONCURRENT LEASE OBLIGATIONS 1,650,361 1,825,057 Total liabilities 5,269,789 6,617,075 SHAREHOLDERS' EQUITY Common stock 12,492 12,792 Less cost of Treasury shares (356,807) (106,882) Additional paid-in capital 11,527,235 11,409,235 Accumulated deficit (1,541,529) (1,162,523) Total shareholders' equity 9,641,391 10,152,622 Total liabilities and shareholders' equity $ 14,911,180 $ 16,769,697 Category: Financial Category View source version on businesswire.com: https://www.businesswire.com/news/home/20240126639874/en/Contacts KENNETH BRIMMER 612-229-8811
BT Brands, Inc. (Nasdaq: BTBD and BTBDW), and its 39.6 percent owned affiliate, Bagger Dave’s Burger Tavern, Inc. (OTCMarkets: BDVB), today announced plans to review strategic alternatives for the Bagger Dave’s public corporation and the six Bagger Dave’s operating restaurant locations. As part of this review, it is anticipated that a proposal will be made to Bagger Dave’s shareholders to change the name of Bagger Dave’s to align the name appropriately with a new business strategy. We anticipate proposing to shareholders a reverse split of Bagger Dave’s outstanding shares, and plan to retain a PCAOB-registered audit firm to review the Bagger Dave’s financial statements audited for inclusion in a potential equity offering registration statement, which would coincide with an uplisting of the shares to NASDAQ Markets or another exchange. Bagger Dave’s opened its first location In Berkley, Michigan, in 2008 and grew to over 25 units in three states; there are currently six Bagger Dave’s restaurants, including four in Michigan and single units in Ft. Wayne, Indiana, and Centerville, Ohio. Commenting on Bagger Dave’s, CEO Gary Copperud noted, “All six stores are in excellent locations representing an original investment of more than $5 million. The stores range from 4,000 to 6,000 square feet, carry full liquor licenses, and are in excellent physical condition. We have had several restaurant professionals look at the locations over the last year, and all agree the units provide an outstanding footprint for a conversion opportunity. The Bagger Dave’s locations will continue normal operations as Bagger Daves, with the process of conversion to another concept expected to begin sometime later this year. We look forward to identifying a dynamic growth opportunity, providing potential career growth for all current employees of Bagger Dave’s. We see the opportunity for Bagger Dave’s shareholders, including BT Brands, to earn significant returns from a successful conversion. BT Brands and Bagger Dave’s have retained Eastwalk Consultants, LLC, as an advisor in transitioning Bagger Dave’s to a growing listed corporation. About BT Brands Inc.: BT Brands, Inc. (BTBD and BTBDW) owns and operates a fast-food restaurant chain called Burger Time with locations in North and South Dakota and Minnesota and Pie In The Sky Coffee and Bakery in Woods Hole, Massachusetts, the Village Bier Garten in Cocoa, Florida, and Keegan’s Seafood Grille near Clearwater, Florida. BT Brands is seeking acquisitions within the restaurant industry. Cautionary Note Regarding Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding guidance relating to net income and net income per share, expected operating results, such as revenue growth and earnings, anticipated levels of capital expenditures for the 2023 fiscal year, current or future volatility in the credit markets and future market conditions, our belief that we have sufficient liquidity to fund our business operations during the next fiscal year, market position, financial results and reserves, and strategy for risk management. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the disruption to our business from public health emergencies, the impact on our results of operations, and our financial condition; the uncertain nature of the restaurant industry; our ability to integrate acquired restaurants, delays in developing and opening new restaurants because of weather, local permitting or other reasons, increased competition, cost increases or shortages in raw food products, staffing shortages and the effect of inflation on key supplies and inputs. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. BT BRANDS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) 39 Weeks Ended 39 Weeks Ended, 13 Weeks Ended, 13 Weeks Ended, October 1, 2023 October 2, 2022 October 1, 2023 October 2, 2022 SALES $ 11,078,419 $ 9,621,996 $ 4,007,656 $ 4,023,920 COSTS AND EXPENSES Restaurant operating expenses Food and paper costs 4,348,294 3,637,814 1,449,796 1,604,858 Labor costs 4,124,857 3,122,867 1,509,721 1,336,039 Occupancy costs 845,863 803,792 340,002 367,872 Other operating expenses 603,964 577,035 209,721 248,383 Depreciation and amortization 470,801 351,084 114,774 168,855 General and administrative 1,288,019 1,035,639 343,027 288,921 Gain on sale of assets (313,688) - - - Total costs and expenses 11,368,110 9,528,231 3,967,042 4,014,928 Income (loss) from operations (289,691) 93,765 40,614 8,992 GAIN (LOSS) ON MARKETABLE SECURITIES 33,184 (155,220) 56,248 (74,982) INTEREST AND OTHER INCOME 123,630 55,836 32,821 46,364 INTEREST EXPENSE (73,857) (88,099) (23,948) (33,638) EQUITY NET LOSS OF AFFILIATE (254,272) (135,813) (109,222) (121,641) LOSS BEFORE TAXES (461,006) (229,531) (3,486) (174,905) INCOME TAX BENEFIT 82,000 5,000 - - NET LOSS $ (379,006) $ (224,531) $ (3,486) $ (174,905) NET LOSS PER COMMON SHARE - $ (0.06) $ (0.03) $ (0.00) $ (0.04) WEIGHTED AVERAGE SHARES 6,257,652 6,459,223 6,246,118 6,461,118 BT BRANDS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited) October 1, 2023 January 1, 2023 ASSETS CURRENT ASSETS Cash and cash equivalents $ 5,546,874 $ 2,150,578 Marketable securities 1,366,973 5,994,295 Receivables 55,200 76,948 Inventory 192,991 158,351 Prepaid expenses and other current assets 37,445 37,397 Assets held for sale 258,751 446,524 Total current assets 7,458,234 8,864,093 PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET 3,238,310 3,294,644 OPERATING LEASES RIGHT-OF-USE ASSETS 1,834,408 2,004,673 INVESTMENTS 1,115,615 1,369,186 DEFERRED INCOME TAXES 143,000 61,000 GOODWILL 671,220 671,220 INTANGIBLE ASSETS, NET 400,766 453,978 OTHER ASSETS, NET 49,627 50,903 Total assets $ 14,911,180 $ 16,769,697 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable $ 431,187 $ 448,605 Broker margin loan 791,370 Current maturities of long-term debt 164,866 167,616 Current operating lease obligations 215,326 193,430 Accrued expenses 476,035 532,520 Total current liabilities 1,287,414 2,133,541 LONG-TERM DEBT, LESS CURRENT PORTION 2,332,014 2,658,477 NONCURRENT LEASE OBLIGATIONS 1,650,361 1,825,057 Total liabilities 5,269,789 6,617,075 SHAREHOLDERS' EQUITY Common stock 12,492 12,792 Less cost of Treasury shares (356,807) (106,882) Additional paid-in capital 11,527,235 11,409,235 Accumulated deficit (1,541,529) (1,162,523) Total shareholders' equity 9,641,391 10,152,622 Total liabilities and shareholders' equity $ 14,911,180 $ 16,769,697 Category: Financial Category View source version on businesswire.com: https://www.businesswire.com/news/home/20240126639874/en/