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Regis® Reports Improved First Quarter 2022 Results and Enhanced Liquidity Position Nominal Sales Continue To Improve ; Q1 2022 System - Wide Same - Store Sales Up 23.2 % Compared To Q1 2021 Proactively Bolstered Liquidity By Raising $ 37 Million In At - The - Market Offering Continued Rollout Of Proprietary Technology Platform Opensalon® Pro ; 46 % Of U.S. Franchise Salons Are Now Running Or Have Signed Contracts To Install MINNEAPOLIS - Regis Corporation ( NYSE : RGS ) : ( Dollars in thousands ) Consolidated revenue System - wide revenue ( 1 ) System - wide same - store sales comps Two - year system - wide same - store sales comps Operating loss Net loss Diluted net loss per share EBITDA ( 2 ) as a percent of revenue Took Action To Further Reduce Annual G & A Spend By Approximately $ 5 Million As adjusted ( 2 ) Net loss , as adjusted Diluted net loss per share , as adjusted EBITDA , as adjusted as a percent of revenue ( 1 ) Represents total sales within the system . ( 2 ) See GAAP to non - GAAP reconciliations , within the attached section titled " Non - GAAP Reconciliations " . $ Three Months Ended September 30 , 2021 2020 77,756 316,285 Franchise 23.2 % ( 17.1 ) % ( 5,801 ) ( 10,378 ) ( 0.28 ) ( 5,088 ) ( 6.5 ) % ( 10,474 ) ( 0.28 ) ( 5,635 ) ( 7.2 ) % $ $ $ 111,396 262,322 ( 32.6 ) % N / A ( 31,591 ) ( 35,266 ) ( 0.98 ) ( 18,939 ) ( 17.0 ) % ( 27,932 ) ( 0.78 ) ( 18,644 ) ( 16.7 ) % Regis Corporation ( NYSE : RGS ) , a leader in the haircare industry , whose primary business is franchising technology - enabled hair salons , today reported a first quarter 2022 net loss of $ 10.4 million , or $ 0.28 loss per diluted share as compared to a net loss of $ 35.3 million , or $ 0.98 loss per diluted share in the first quarter of 2021. Excluding discrete items , the Company reported first quarter 2022 adjusted net loss of $ 10.5 million , or $ 0.28 loss per diluted share as compared to adjusted net loss of $ 27.9 million , or $ 0.78 loss per diluted share , for the same period last year . The year - over - year decrease in adjusted net loss was driven primarily by the Company exiting company - owned salons that were loss making , an increase in royalties and a decrease in general and administrative expense . Total revenue in the quarter of $ 77.8 million decreased $ 33.6 million , or 30.2 % , year - over - year , driven primarily by the Company exiting company - owned salons that generated significant revenue , but were loss making . Partially offsetting the decline in Company - owned revenue was an increase in royalty revenue due to higher franchise salon sales and an increase in franchise salon count . First quarter adjusted EBITDA loss of $ 5.6 million decreased $ 13.0 million , versus an adjusted EBITDA loss of $ 18.6 million in the same period last year . The improvement was driven by the Company exiting loss making company - owned salons over the last twelve - months , an increase in royalties and a decrease in general and administrative expense . Felipe Athayde , President and Chief Executive Officer , commented , " It was another quarter of sales recovery for Regis and we continue to use all levers at our disposal to ensure we are well positioned to grow the Company . We have considerably bolstered our liquidity position by $ 37 million by using our ATM program , and have generated annual savings of approximately $ 5 million through a corporate reorganization . We have also made assisting our franchisees in stylist recruiting our top priority and are closely working with them to strengthen their applicant pipeline and streamline the hiring process . " First Quarter Segment Results