Ark Restaurants Q3 revenue $53.2M, net income $5.3M; declares $0.125/share dividend

ARK RESTAURANTS CORP

2022-Q3 EPS reported $2.37 revenue$136,789,000

Total revenues $53.2M for Q3 vs $42.96M YoY, driven by Las Vegas traffic, menu price increases, and event business.
Net income $5.255M ($1.48 basic EPS) vs $2.67M ($0.76 EPS) YoY; includes $1.298M PPP forgiveness.
Adjusted EBITDA (ex-PPP) $6.207M vs $5.610M YoY.
Cash balance $26.6M, total debt $25.0M as of July 2, 2022.
Board declared $0.125 quarterly dividend, payable Sept 13 to holders of record Aug 31.

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