---
schema_version: "secwatch.filing_event.v1"
accession: "0000779544-22-000042"
form_type: "8-K"
ticker: "ARKR"
cik: "0000779544"
company_name: "ARK RESTAURANTS CORP"
filed_at: "2022-12-20T23:59:59+00:00"
generated_at: "2026-06-21T02:10:13.389491+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ark Restaurants Q4 revenue up 9.4% to $46.9M; net income drops to $0.21/share from $1.93

## Summary
- Q4 revenue $46.9M (+9.4% YoY); full-year revenue $183.7M (+39.3% YoY).
- Q4 net income $0.8M ($0.21 diluted) vs $6.8M ($1.93) in Q4 2021 due to absence of PPP forgiveness and inflation.
- Adjusted EBITDA for FY2022 rose to $14.0M from $8.0M in FY2021, reflecting operational recovery.
- Cash and equivalents $23.4M plus $5.0M CD; total debt $23.7M.
- Extended leases for Gallagher's ($1.5M refresh), America ($4.0M refresh), and Village Eateries ($3.5M refresh) in Las Vegas.

## SEC filing metadata
- accession: 0000779544-22-000042
- form_type: 8-K
- ticker: ARKR
- cik: 0000779544
- company_name: ARK RESTAURANTS CORP
- filed_at: 2022-12-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/779544/000077954422000042/0000779544-22-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/779544/000077954422000042/arkr-20221219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000779544-22-000042
- JSON: https://secwatch.observer/filing/0000779544-22-000042.json
- Plain text: https://secwatch.observer/filing/0000779544-22-000042.txt

## Key facts
- Earnings Releases
  ARK RESTAURANTS CORP reported the 13 weeks ended October 1, 2022 results: revenue $46,884,000, net income $762,000, EPS $0.21 per basic and diluted share.
  - Period: the 13 weeks ended October 1, 2022
  - Revenue: $46,884,000
  - Net income: $762,000
  - EPS: $0.21 per basic and diluted share
  - Result: reported results
  source text: Total revenues for the 13 weeks ended October 1, 2022 were $46,884,000 versus $42,839,000 for the 13 weeks ended October 2, 2021. The 13 weeks ended October 2, 2021 includes revenues of $145,000 related to Clyde Frazier's Wine and Dine in New York, NY, which was closed on September 1, 2021. Total revenues for the year ended October 1, 2022 were $183,674,000 versus $131,870,000 for the year ended October 2, 2021. The year ended October 2, 2021 includes revenues of $1,296,000 related to Clyde Frazier's Wine and Dine and Gallagher's Steakhouse and Gallagher's Burger Bar in Atlantic City, NJ, which were closed during fiscal 2021. The Company's EBITDA, excluding gains on the forgiveness of Paycheck Protection Program Loans (the "PPP Loan Forgiveness") and adjusted for other items all as set out in the table below, for the 13 weeks ended October 1, 2022 was $2,352,000 versus $5,210,000 for the 13 weeks ended October 2, 2021. Net income attributable to Ark Restaurant Corp. for the 13 weeks en
  evidence_url: https://www.sec.gov/Archives/edgar/data/779544/000077954422000042/0000779544-22-000042-index.htm
- Earnings Releases
  ARK RESTAURANTS CORP reported the fiscal year ended October 1, 2022 results: revenue $183,674,000, net income $9,281,000, EPS $2.61 and $2.58 per basic and diluted share.
  - Period: the fiscal year ended October 1, 2022
  - Revenue: $183,674,000
  - Net income: $9,281,000
  - EPS: $2.61 and $2.58 per basic and diluted share
  - Result: reported results
  source text: Total revenues for the year ended October 1, 2022 were $183,674,000 versus $131,870,000 for the year ended October 2, 2021. The year ended October 2, 2021 includes revenues of $1,296,000 related to Clyde Frazier's Wine and Dine and Gallagher's Steakhouse and Gallagher's Burger Bar in Atlantic City, NJ, which were closed during fiscal 2021. The Company's EBITDA, excluding gains on the forgiveness of Paycheck Protection Program Loans (the "PPP Loan Forgiveness") and adjusted for other items all as set out in the table below, for the 13 weeks ended October 1, 2022 was $2,352,000 versus $5,210,000 for the 13 weeks ended October 2, 2021. Net income attributable to Ark Restaurant Corp. for the 13 weeks ended October 1, 2022 was $762,000 or $0.21 per basic and diluted share, compared to net income of $6,828,000 (which includes PPP Loan Forgiveness of $3,082,000) or $1.93 and $1.89 per basic and diluted share, respectively, for the 13 weeks ended October 2, 2021. The Company's EBITDA, excludin
  evidence_url: https://www.sec.gov/Archives/edgar/data/779544/000077954422000042/0000779544-22-000042-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.