Ark Restaurants Q4 net income $6.8M ($1.93/shr) vs year-ago loss; FY net income $12.9M

ARK RESTAURANTS CORP

Q4 revenues $42.8M, nearly double $21.8M in prior-year 14-week period.
Net income attributable to Ark $6.8M ($1.93 basic EPS) vs net loss ($1.9M) in Q4 2020.
FY2021 revenues $131.9M; net income $12.9M ($3.67 basic EPS) vs FY2020 net loss ($4.7M).
Acquired Blue Moon Fish Company for $2.82M cash/note on Dec 1, 2020; contributed $1.3M in Q4 revenue.
Received $10.4M in PPP loan forgiveness during FY2021; remaining loans $4.7M.

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