ARC Group, Inc. expected to open 2-3 new company-owned Dick's Wings restaurants during the remainder of 2018, which should provide a noticeable benefit to top and bottom line.

The company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported total net revenue of $1,168,829 against $1,091,854 a year ago. Loss from operations was $130,880 against $115,488 a year ago. Net loss was $55,531 or $0.01 per basic and diluted share against $118,313 or $0.02 per basic and diluted share a year ago.

For the six months, the company reported total net revenue of $2,415,491 against $2,180,650 a year ago. Loss from operations was $82,572 against income from operations of $94,904 a year ago. Net loss was $7,917 or $0.00 basic and diluted per share against net income of $87,764 or $0.01 basic and diluted per share a year ago. Cash flows from operating activities were $180,000 during the six months ended June 30, 2018.

The company expects this revenue trend to continue for the remainder of the year as the company continues to grow the Dick's Wings brand through the execution of organic growth strategy.