Ark Restaurants Q2 revenue $39.6M (+54% YoY); net income $1.1M ($0.30 EPS); reinstates $0.125 quarterly dividend

ARK RESTAURANTS CORP

2022-Q2 EPS reported $0.91 revenue$83,571,000

Q2 total revenues $39.6M vs $25.8M a year ago; adjusted EBITDA $1.5M vs ($0.5M) prior year.
GAAP net income $1.055M ($0.30 diluted EPS) includes $1.122M PPP loan forgiveness; prior year net income $4.161M ($1.15 diluted EPS) included $4.124M PPP.
Board declared quarterly dividend of $0.125 per share, payable June 13, 2022 to holders of record May 31, 2022.
Director Arthur Stainman resigned effective May 17, 2022; no disagreement with company operations.
All restaurants currently operating with no dining restrictions; cannot predict further COVID-19 impact.

item 2.02 item 5.02 item 8.01 item 9.01

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Departed

Arthur Stainman

Director

ARKR · ARK RESTAURANTS CORP

Effective: 2022-05-17
Filed: May 17, 2022, 7:59 PM ET

On May 17, 2022, Arthur Stainman, a member of the Board of Directors ("Board") of Ark Restaurants Corp. (the "Company"), tendered to the Company his resignation from the Board, effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Arthur Stainman resigned as Director at ARK RESTAURANTS CORP.

Action: resigned
Role: Director

Exact text from the filing

On May 17, 2022, Arthur Stainman, a member of the Board of Directors ("Board") of Ark Restaurants Corp. (the "Company"), tendered to the Company his resignation from the Board, effective immediately.

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ARK RESTAURANTS CORP filing history →

Source: SEC EDGAR

accession 0000779544-22-000016

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