secwatch.observer — SEC 8-K summary
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Issuer:     ARK RESTAURANTS CORP (ARKR)
CIK:        0000779544
Form:       8-K
Filed at:   2022-12-20T23:59:59+00:00
Accession:  0000779544-22-000042
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/779544/000077954422000042/0000779544-22-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/779544/000077954422000042/arkr-20221219.htm
  HTML page:      https://secwatch.observer/filing/0000779544-22-000042

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