Crucial Update for Long-Term Shareholders of DoubleVerify Holdings, Inc. (NYSE: DV), LuxUrban Hotels Inc. (OTC: LUXH), RCI Hospitality Holdings, Inc. (NASDAQ: RICK), and Treace Medical Concepts, Inc. (NASDAQ: TMCI): Grabar Law Office is Looking into Claims for You
DoubleVerify Holdings Investigation: Grabar Law Office is investigating potential breaches of fiduciary duties by officers and directors of DoubleVerify Holdings, Inc. (NYSE: DV) related to undisclosed issues affecting the company's advertising services and financial disclosures.
LuxUrban Hotels Investigation: An investigation is underway regarding LuxUrban Hotels Inc. (OTC: LUXH) for allegedly misleading statements and undisclosed lawsuits, with shareholders encouraged to seek corporate reforms and potential returns.
RCI Hospitality Holdings Allegations: RCI Hospitality Holdings, Inc. (NASDAQ: RICK) faces scrutiny for alleged tax fraud and bribery by its executives, leading to materially false financial statements, with affected shareholders advised to participate in legal actions.
Treace Medical Concepts Claims: Treace Medical Concepts, Inc. (NASDAQ: TMCI) is under investigation for failing to disclose competitive impacts on its primary product, with shareholders encouraged to seek corporate reforms and returns.
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RCI Hospitality (RICK) Reports $70.3M Q1 Sales with Strong Nightclub Performance
- Total Sales Growth: RCI Hospitality reported total sales of $70.3 million for Q1 of fiscal 2026, with nightclubs generating $61.9 million, indicating stable performance in the market.
- New Club Contributions: Five newly opened nightclubs contributed $4.9 million in sales, while same-store sales from 52 clubs produced $57.0 million, showcasing the success of new business expansions.
- Bombshells Restaurant Performance: Bombshells reported quarterly sales of $8.4 million, with two new locations generating $1.8 million and nine same-store locations achieving $6.6 million, despite a $1.2 million sales reduction from four underperforming locations closed last year.
- Market Challenges and Opportunities: Although sales were impacted in October and November due to customer uncertainty from the U.S. government shutdown, RCI still achieved year-over-year growth in higher-margin club service revenues in Q1, demonstrating resilience in adversity.
RCI Hospitality Announces Preliminary Q4 Results
Q4 Revenue and Expansion: RCI Hospitality reported Q4 revenue of $70.9 million, successfully opened Bombshells in Lubbock, TX, and expanded operations at Rick's Cabaret & Steakhouse in Central City, CO.
Share Repurchase and Sales: The company repurchased 72,739 common shares for $2.7 million and sold a small club in Harlingen, TX for $600,000 cash, with a lease starting January 1, 2026.
New Partnerships and Acquisitions: RCI entered a partnership with Jonathan Joseph, selling 49% of Rick's Cabaret Austin for $1.8 million, and acquired 821,000 shares from ADW Capital Partners.
Management Changes and Stock Performance: RCI appointed Reese as interim President and CEO and Molina as interim CFO, while shares fell following Q4 and FY25 club and restaurant sales results.
