RCI Hospitality's Q4 FY24 results reveal concerning trends with total revenues declining to $73.2M from $75.3M YoY. Most notably, EPS dropped significantly to $0.03 from $0.23, while FY24 EPS fell to $0.33 from $3.13. The new "Back to Basics" strategy targeting $400M revenue and $75M FCF by FY29 seems ambitious given current performance. While share buybacks reduced outstanding shares by 4.7%, significant impairment charges of $36.6M in FY24 raise concerns about asset quality. The Bombshells segment's 12.1% revenue decline and operating loss are particularly worrying.