VEND - Generation Next Franchise Brands, Inc.

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0.6099
-0.0201 (-3.19%)
At close: 3:27PM EDT
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Previous Close0.6300
Open0.6151
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.5600 - 0.6200
52 Week Range0.4490 - 2.7800
Volume51,720
Avg. Volume61,704
Market Cap44.521M
Beta (3Y Monthly)0.52
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
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News
Press Releases
  • GlobeNewswire12 days ago

    Generation Next Announces May 2019 Results

    SAN DIEGO, June 05, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Generation Next reported May revenue of approximately $2.2 million on 57 kiosk installations bringing the total revenue for the quarter to approximately $5.2 million. The Company repeated its expectation for revenue of $8.0 million for the fourth quarter ending June 30, 2019 and fiscal year revenue of $16.0 million. The locations team delivered a monthly record securing 55 new locations for our franchisees, and franchise sales were within expectations given we had to re-file our franchise documents forcing us to stop selling for a period,” said Nick Yates, CEO of Generation Next Franchise Brands.

  • GlobeNewswire12 days ago

    Redner’s Markets Selects Generation NEXT’s Print Mates™ for Pilot Test 

    “We are very excited for the opportunity to test our Print Mates kiosk with Redner’s Markets. As Redner’s is a company that values an evolving customer experience, we know the response will be exceptional,” said Nick Yates, CEO of Generation NEXT.

  • GlobeNewswire20 days ago

    Generation NEXT Franchise Brands Announces $2 Million Exclusive Franchise Contract for Columbia, South Carolina

    SAN DIEGO, CA, May 28, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Generation NEXT Franchise Brands, Inc. (VEND), announced today that its flagship subsidiary, Reis & Irvy’s, has signed an exclusive franchise agreement for the robot-staffed frozen yogurt and ice cream chain in Columbia, South Carolina. Reis & Irvy’s is the world's first fully-automated robotic frozen dessert vending kiosk designed to disrupt brick-and-mortar competitors. The signature robots can dispense servings of frozen yogurt, ice cream, gelato and sorbet finished with a selection of six delicious toppings in less than 60 seconds.

  • GlobeNewswire26 days ago

    Print Mates Inc. and Vons to Pilot New Mobile Phone/Social Media Photo Printing Kiosks

    Vons, a division of the Albertsons Companies, has agreed to pilot Print Mates™ kiosks in select Vons stores in Southern California while the companies consider a broader agreement. Albertsons is one of the largest grocery, food and drug retailers in the United States operating in 34 states, under 20 well-known banners including Albertsons, Safeway, Vons, and more than a dozen others.

  • GlobeNewswire27 days ago

    Reis & Irvy’s Sells its 400,000th Cup of Frozen Yogurt

    To date, Reis & Irvy’s franchisees have sold in excess of 400,000 cups of frozen yogurt generating more than $2.0 million in retail sales, according to Generation Next. The company had announced its 300,000 cup sold just last month.  Reis & Irvy's is the Company’s flagship brand which serves Dannon YoCream frozen yogurt through an unattended, robotic kiosk.

  • GlobeNewswire28 days ago

    Generation Next Announces Changes in Quarterly Reporting

    SAN DIEGO, CA, May 20, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Generation Next reported results for the quarter ended March 31, 2019 and used the opportunity to begin introducing changes to how the Company communicates actual performance and future expectations. “Everyone following our story understands that the production delays experienced during 2018 weakened the balance sheet,” said new CFO Ryan Polk. “Fortunately, we have very capable and loyal supporters in our franchisee community, supply chain, and capital markets that have been available to assist us throughout this period.

  • GlobeNewswirelast month

    Generation NEXT Franchise Brands and AMAC Partner to Promote Digital E-Commerce of Reis & Irvy’s Vending Robots and Print Mates™ Kiosks in Airports Nationwide

    SAN DIEGO, CA, May 16, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Generation NEXT Franchise Brands, Inc. announced today that it has signed a promotional agreement with the Airport Minority Advisory Council (AMAC) with the goal of promoting digital e-commerce using Reis & Irvy’s and Print Mates™ kiosks in airports across the United States. AMAC’s mission is to advance the full participation of minorities and women in employment and contracting opportunities throughout the aviation and aerospace industries.

  • GlobeNewswirelast month

    Generation NEXT Franchise Brands to Exhibit Reis & Irvy’s Autonomous Robotic Kiosks at The International Franchise Expo in New York City

    San Diego, CA, May 15, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Generation NEXT Franchise Brands, Inc. (VEND) announced today that it will be showcasing its Reis & Irvy’s unattended, robotic soft serve offering at the International Franchise Expo (IFE), the largest franchise exposition in North America with over 400 top brands and exhibitors. Reis & Irvy’s is the world's first fully-automated robotic frozen dessert vending kiosk designed to disrupt brick-and-mortar competitors. The kiosk’s unattended robots eliminate the need for costly rent and labor, significantly reduce food safety concerns and are capable of operating 24-hours a day. These signature robots can dispense servings of frozen yogurt, ice cream, gelato and sorbet topped with a selection of six delicious toppings in under 60 seconds.

  • Full-Scale Robotic Developer, Generation NEXT, Selects 5W Public Relations as Agency of Record
    PR Newswirelast month

    Full-Scale Robotic Developer, Generation NEXT, Selects 5W Public Relations as Agency of Record

    NEW YORK , May 9, 2019 /PRNewswire/ --  5W Public Relations , one of the 15 largest independently-owned PR firms in the U.S., is pleased to announce it has been named PR Agency of Record for Generation ...

  • GlobeNewswire2 months ago

    Generation NEXT Announces $3.0 Million of Revenue Recognized in April 2019 Results

    SAN DIEGO, CA, May 01, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Generation NEXT Franchise Brands, Inc. (VEND) announced its monthly results for April today showing the fourth month in a row of revenue growth.

  • GlobeNewswire2 months ago

    Generation Next Increases Q4 and Calendar 2019 Installation Update

    The Company now estimates that it will install between 400 and 440 Reis & Irvy’s unattended retail kiosks during the full fiscal year ending June 30, 2019, with annual revenue recognized between $16.0 million and $17.6 million, compared to the most recent previous estimate of 330 to 380 installations and previously estimated recognized revenue of $12.5 million to $14.4 million.  This implies approximately 200 to 240 robots will be installed during the Company’s fourth quarter, which would yield quarterly revenue between $8.2 million and $9.8 million. “We will announce our full April results later in the week, but I can say that April installs are in line with the 60 to 70 units I communicated a few weeks ago,” said Nick Yates, the Founder and CEO of Generation Next. The Company is not revising its previous 600 to 800 robot installation estimates for the first half of fiscal year 2020 (June – Dec 2019).

  • GlobeNewswire2 months ago

    Generation NEXT Franchise Brands to Showcase Reis & Irvy’s, Print Mates™ Autonomous Kiosks at the NAMA Show 2019 in Las Vegas, April 24-26

    SAN DIEGO, CA, April 16, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Generation NEXT Franchise Brands, Inc. (VEND) announced today that it would be showcasing both its Reis & Irvy’s and Print Mates™ unattended retail offerings at the 2019 NAMA Show, an event of the National Automatic Merchandising Association (NAMA).  Founded in 1936, NAMA is the association representing the entire $25 billion U.S. convenience services industry, including the food and refreshment vending, coffee service and foodservice management industries, including on-site, commissary, catering and micro markets.  With more than 1,000 member companies, NAMA represents many of the world’s most recognized brands.

  • GlobeNewswire2 months ago

    Generation NEXT Sells 300,000th Cup of Frozen Yogurt, Discusses Improving Performance Indicators for Reis & Irvy’s Kiosk

    “Our first nine months of operating Reis & Irvy’s robots, from July last year through March this year, have been a wild ride but our company and our ecosystem have been constantly learning along the way,” said Nick Yates, CEO of Generation Next. “I have talked extensively about the improvements made to our technology from the initial alpha units to the current mass production kiosks.

  • GlobeNewswire2 months ago

    Generation Next Franchise Brands, Inc. Acquires Print Mates™, Expanding Company’s Unattended Retail Portfolio

    Nick Yates, CEO of Generation NEXT Franchise Brands, said that the Print Mates assets will be held by a wholly owned subsidiary of Generation Next which will operate separately with its own facilities, staff, and resources. “It is extremely important to us that Print Mates, or any acquisition, is mature enough and has the right team, product and supply chain to operate independently, as a wholly-owned but separate subsidiary.

  • GlobeNewswire2 months ago

    Generation NEXT Announces March 2019 Results

    The report is part of a continued effort to keep all Company stakeholders better informed of key operating metrics. 7 locations were allocated to the robot investment fund - 19 Degrees Corporate Service LLC. Added 11 units of 19 Degrees Corporate Service which resulted in collecting $173,514 of investment to be used for the purchase and installation of robots.

  • GlobeNewswire3 months ago

    Generation Next Names Ryan Polk as Chief Financial Officer and Chief Operating Officer

    SAN DIEGO, CA, April 01, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Generation Next Franchise Brands (VEND) announced Ryan Polk as Chief Financial Officer and Chief Operating Officer of the Company. Polk began working for Generation Next as a consultant in early January and was tasked with improving the supplier relationships and increasing the production of quality kiosks for the Company’s flagship Reis & Irvy’s brand. Polk replaces Art Budman as CFO who is leaving the Company.

  • GlobeNewswire3 months ago

    Generation Next Revises Up Installation Forecast for Fiscal Year

    SAN DIEGO, March 26, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Generation Next Franchise Brands (VEND) announced today an increase in the estimate of Reis & Irvy’s robots to be installed during the fiscal year ending June 30, 2019. The Company now estimates that it will install between 330 and 380 Reis & Irvy’s unattended retail kiosks during the full fiscal year ending June 30, 2019, with annual revenue recognized between $12.5 million and $14.4 million, compared to the most recent former estimate of between 290 and 340 installations and previously estimated recognized revenue of between $11 million and $12.9 million.  This implies approximately 130 to 180 additional robots will be installed during the Company’s fourth quarter, which would yield quarterly revenue between $4.9 million and $5.7 million.  The revised estimate is the result of higher than expected kiosk production, Company officials said.

  • GlobeNewswire3 months ago

    Generation Next Announces Software, Firmware Updates for Reis & Irvy’s Robots

    SAN DIEGO, CA, March 25, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE –  Generation Next Franchise Brands (VEND) announced today that its flagship subsidiary and premium, robotic soft serve franchise, Reis & Irvy’s, has begun general distribution of an updated software and firmware bundle for its robotic kiosks, known as Version 0.71. Version 0.71 was first beta tested on 61 kiosks before being approved for general release, and consists of both a firmware (low-level software that controls a device’s specific hardware) and software update which together improve system stability and significantly improve the kiosks’ payment systems, among other fixes and improvements. “We are extremely happy that the Stoelting Firmware and 0.71 software version upgrades have apparently eliminated the HVB (High Voltage Board) issues we had been having at the Art Institute.

  • GlobeNewswire3 months ago

    Reis & Irvy’s Looks to Engage Location Partners with New FroyoRobots.com Informational Portal

    The portal, located on the web at FroyoRobots.com , is designed to provide introductory information to food service managers and facility decision makers who have taken interest in the unique opportunity offered by Reis & Irvy’s.  “Airports to major hotel chains, colleges and universities to corporate campuses, major national retailers and many others are asking how Reis & Irvy’s can add additional profit and service to their existing space,” said Nick Yates, CEO of Generation Next.

  • GlobeNewswire3 months ago

    Generation Next Announces February 2019 Results

    SAN DIEGO, CA, March 04, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Generation NEXT Franchise Brands, Inc. (VEND) announced its monthly report to stakeholders for the month of February today. In January, Generation Next announced the launch of 19 Degrees Corporate Service LLC (“19 Degrees”) to provide Reis & Irvy’s robots to locations outside of existing franchise territories and provide a structure to investors to own robotic frozen yogurt vending kiosks operated by the Company in return for passive income.

  • GlobeNewswire4 months ago

    Reis & Irvy’s Sells 200,000th Cup of Frozen Yogurt

    SAN DIEGO, CA, Feb. 14, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Generation Next (VEND) announced today that its flagship subsidiary and premium, robotic soft serve franchise, Reis & Irvy’s, has sold a milestone 200,000 cups of frozen yogurt.  The announcement comes less than two months since the company announced it had sold its 100,000th cup. “Our strong sales growth during what many have described as the cold spell of a generation should certainly alleviate any remaining concerns in terms of seasonal impact on sales performance,” said Nick Yates, CEO of Generation Next. Reis & Irvy’s sold 45,491 cups of yogurt in January, representing $215,545 in consumer yogurt sales, compared to 37,494 cups sold worth $176,837 in consumer yogurt sales during December, a month-on-month increase of more than 21 percent, the company reports.  The average sale price was $4.74 per cup in January.

  • GlobeNewswire4 months ago

    Reis & Irvy’s, Robot-Staffed Frozen Yogurt Chain, Inks $5,000,000 + Master Franchise Agreement in Salt Lake and Utah Counties, Utah

    SALT LAKE CITY, UT, Feb. 11, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Generation NEXT Franchise Brands, Inc. (VEND) announced today that its flagship subsidiary, Reis & Irvy’s, has signed an exclusive franchise agreement for the robot-staffed frozen yogurt and ice cream chain in Salt Lake County, UT and Utah County, UT.

  • GlobeNewswire4 months ago

    Generation Next Announces Interim Agreement with New Kiosk Manufacturing Partner

    SAN DIEGO, CA, Feb. 06, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Generation Next (VEND) announced today that it has reached an interim agreement with Wisconsin-based Stoelting Foodservice (a division of the Vollrath Company, LLC) in which Stoelting will provide manufacturing and engineering services for the Reis & Irvy’s premium soft serve robotic vending technology. The Reis & Irvy’s automated vending kiosks deliver customers up to six different flavors of frozen yogurt and/or ice cream with a selection of six custom toppings, all at the point of sale and within 60 seconds. The patented technology is currently installed in over 170 US locations with 20 kiosks now in Canada and Australia.

  • GlobeNewswire4 months ago

    Generation Next Announces January 2019 Results in First Monthly Report

    SAN DIEGO, CA, Feb. 05, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Starting with January 2019, Generation Next (VEND) will be providing monthly reports on operations. On January 8th, the Company announced the launch of 19 Degrees Corporate Service LLC (19 Degrees) to provide Reis & Irvy’s robots to locations outside of existing franchise territories.

  • GlobeNewswire5 months ago

    Reis & Irvy's Robot Staffed Frozen Yogurt Chain Inks $1,900,000 Master Franchise Agreement in Augusta, GA

    Augusta, GA, Jan. 31, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Generation NEXT Franchise Brands, Inc. (VEND) announced today that its flagship subsidiary, Reis & Irvy’s, has signed an agreement with exclusive master franchise rights for the robot-staffed frozen yogurt chain in Augusta, GA.  The $1,900,000 deal includes contracts for 12 Reis & Irvy’s locations along with an agreement and letter of intent for an additional 24 locations to be secured throughout the exclusive market. Generation Next Franchise Brands, Inc. (VEND) is the developer of the world’s first fully-automated robotic frozen dessert vending kiosk designed to disrupt brick-and-mortar competitors. Reis & Irvy’s unattended robots eliminate the need for costly rents and employees, significantly reduce food safety concerns, theft, and are capable of operating 24-hours a day.