---
schema_version: "secwatch.filing_event.v1"
accession: "0000779544-23-000009"
form_type: "8-K"
ticker: "ARKR"
cik: "0000779544"
company_name: "ARK RESTAURANTS CORP"
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T14:54:11.336110+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ark Restaurants Q1 revenue up 8% but net income falls 22%; dividend steady

## Summary
- Revenue $47.4M (+7.9% YoY) on higher traffic, menu prices in Las Vegas, NYC, DC.
- Net income $1.7M ($0.48/sh) vs $2.2M ($0.62/sh) prior year; adjusted EBITDA $3.0M vs $3.9M.
- Florida segment revenue fell 9.2%; operating costs pressured by inflation.
- Quarterly dividend $0.125/sh declared, payable Mar 14, 2023 to holders of record Feb 28.
- Cash $19.4M, debt $21.7M; PPP loan forgiveness added $272K to net income.

## SEC filing metadata
- accession: 0000779544-23-000009
- form_type: 8-K
- ticker: ARKR
- cik: 0000779544
- company_name: ARK RESTAURANTS CORP
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/779544/000077954423000009/0000779544-23-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/779544/000077954423000009/arkr-20230208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000779544-23-000009
- JSON: https://secwatch.observer/filing/0000779544-23-000009.json
- Plain text: https://secwatch.observer/filing/0000779544-23-000009.txt

## Key facts
- Earnings Releases
  ARK RESTAURANTS CORP reported first quarter ended December 31, 2022 results: revenue $47,445,000, net income $1,725,000.
  - Period: first quarter ended December 31, 2022
  - Revenue: $47,445,000
  - Net income: $1,725,000
  - Result: reported results
  source text: Ark Restaurants Corp. (NASDAQ:ARKR) today reported financial results for the first quarter ended December 31, 2022. Financial Results Total revenues for the 13 weeks ended December 31, 2022 were $47,445,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/779544/000077954423000009/0000779544-23-000009-index.htm

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