Rick's Cabaret International, Inc. Reports FY Revenue of $83M

Rick's Cabaret International, Inc. RICK today reported financial results for its fiscal year ending September 30, 2010. The company had consolidated total revenues of $83 million, an increase of 9.4 percent over the $75.8 million reported in the previous year. The company reported a loss from continuing operations of $7.6 million for the year, primarily because of non-cash balance sheet impairment charges of $20.5 million, compared with 2009 income from continuing operations $5.5 million.