secwatch.observer — SEC 8-K summary
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Issuer:     ARK RESTAURANTS CORP (ARKR)
CIK:        0000779544
Form:       8-K
Filed at:   2022-08-16T23:59:59+00:00
Accession:  0000779544-22-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/779544/000077954422000027/0000779544-22-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/779544/000077954422000027/arkr-20220810.htm
  HTML page:      https://secwatch.observer/filing/0000779544-22-000027

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