secwatch.observer — SEC 8-K summary
======================================

Issuer:     ARK RESTAURANTS CORP (ARKR)
CIK:        0000779544
Form:       8-K
Filed at:   2022-05-17T23:59:59+00:00
Accession:  0000779544-22-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/779544/000077954422000016/0000779544-22-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/779544/000077954422000016/arkr-20220516.htm
  HTML page:      https://secwatch.observer/filing/0000779544-22-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer