VEND - Generation Next Franchise Brands, Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
0.3980
-0.0020 (-0.50%)
At close: 3:58PM EDT
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Previous Close0.4000
Open0.4200
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.3900 - 0.4200
52 Week Range0.3450 - 1.7000
Volume21,830
Avg. Volume55,775
Market Cap30.733M
Beta (3Y Monthly)0.43
PE Ratio (TTM)N/A
EPS (TTM)-0.3170
Earnings DateJul 2, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est2.50
Trade prices are not sourced from all markets
  • GlobeNewswire

    Generation Next Announces Interim-CEO, New Independent Director and Appointment of Investment Bank

    SAN DIEGO, Sept. 04, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Generation Next Franchise Brands, Inc. (VEND) (“Generation Next” or the “Company”) announced today its Board of Directors recently passed three resolutions. The first naming Ryan Polk as interim-CEO, the second appointing Tom McChesney to join the Board of Directors, and the third approving an engagement with Investment Bank Stout Risius Ross Advisors, LLC (“Stout”). The Company originally announced these pending actions when it announced a restructuring on August 8th.

  • GlobeNewswire

    Generation Next Announces July Results, Management Reorganization, and Cost Reduction Plan / Path to Profit

    SAN DIEGO, Aug. 08, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Generation Next Franchise Brands (OTC.BB - VEND) announced several moves which support the Company’s objectives to increase cash flow, raise capital, and increase its Reis & Irvy’s kiosk production. “We have blazed a new trail in unattended food retail and have attracted strong interest from franchise operators and high-profile national retail hosts.

  • GlobeNewswire

    Generation NEXT Pilots Print Mates™ Photo Printing Kiosks at Kroger Supermarkets

    Robotic Photo Printing Kiosk to Debut at select Atlanta Stores SAN DIEGO, Aug. 06, 2019 -- via NEWMEDIAWIRE -- Generation NEXT Franchise Brands, Inc. (OTCQB: VEND) announced.

  • GlobeNewswire

    Reis & Irvy’s Soft Serve Robotic Kiosks Approved by California Department of Public Health

    SAN DIEGO, July 23, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Generation Next announced today that Reis & Irvy’s unattended soft serve kiosks were approved by the California Department of Public Health (CDPH) for a variance that allows them to operate in the state of California. The Company has been working with CDPH to obtain this variance for almost a year. Approval to operate in California comes with specific and important requirements.

  • GlobeNewswire

    Generation Next Shareholder Meeting to be Held August 2, 2019

    SAN DIEGO, CA, July 18, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Generation Next (VEND) will hold a meeting of its shareholders at its corporate headquarters in San Diego on Friday, August 2nd at 10:00 AM Pacific Time. The Company recently completed a filing with the SEC reflecting the intent to increase the authorized shares from 100 million to 200 million. “We require additional capital to fulfill the backlog of Reis & Irvy’s robots and bridge the company to the point in time when we can generate positive cash flow from operations.  Increasing the number of authorized shares gives us the opportunity to explore both debt and equity sources of capital,” said CEO Nick Yates.

  • GlobeNewswire

    Generation NEXTs Print Mates Enters Pilot at Bed Bath & Beyond in Select California Locations

    Robotic Photo Printing Kiosk to Debut at Retail Titan in Select Cities SAN DIEGO, CA, July 09, 2019 -- via NEWMEDIAWIRE -- Generation NEXT Franchise Brands, Inc. (OTCQB:.

  • GlobeNewswire

    Generation Next Announces Fiscal Year End Revenue of $17,100,000 Representing 1,821% Increase Year-Over-Year

    SAN DIEGO, CA, July 02, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Generation Next (VEND) reported June revenue of $3.1 million on 74 deliveries bringing the total revenue for the quarter to $8.3 million on 207 kiosks. In addition, the company reported fiscal year 2019 revenue of $17.1 million on 407 units.

  • GlobeNewswire

    Generation NEXT Franchise Brands Partners with World Franchise Associates to Drive Global Expansion for the Reis & Irvy’s Brand

    SAN DIEGO, June 27, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Generation NEXT Franchise Brands, Inc. (VEND) announced today that its flagship subsidiary, Reis & Irvy’s, has partnered with World Franchise Associates (WFA) to expand the brand to the Middle East and North Africa (MENA) region.  The agreement allows Reis & Irvy’s to further its footprint to countries, including the Kingdom of Saudi Arabia, United Arab Emirates, State of Qatar, State of Kuwait, Sultanate of Oman, Kingdom of Bahrain. 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.

  • GlobeNewswire

    Reis & Irvy’s Announces 500,000 Cups Sold and $2.5m in Retail Sales

    SAN DIEGO, June 24, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Reis & Irvy’s franchisees have sold in excess of 500,000 cups of frozen yogurt generating $2.5 million in retail sales according to Generation Next. The Company passed these milestones on Wednesday, June 19. Generation Next also reaffirmed its expectation to realize revenue of $8.0 million for its fourth quarter ending June 30, 2019 on the delivery of 200 kiosks compared to revenue of $3.0 million recognized during the prior quarter on 55 units.

  • GlobeNewswire

    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.

  • GlobeNewswire

    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.

  • GlobeNewswire

    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.

  • GlobeNewswire

    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.

  • GlobeNewswire

    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.

  • GlobeNewswire

    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.

  • GlobeNewswire

    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.

  • GlobeNewswire

    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 Newswire

    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 ...

  • GlobeNewswire

    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.

  • GlobeNewswire

    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).

  • GlobeNewswire

    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.

  • GlobeNewswire

    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.

  • GlobeNewswire

    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.

  • GlobeNewswire

    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.

  • GlobeNewswire

    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.