secwatch.observer — SEC 8-K summary
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Issuer:     ARK RESTAURANTS CORP (ARKR)
CIK:        0000779544
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0000779544-23-000009
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/779544/000077954423000009/0000779544-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/779544/000077954423000009/arkr-20230208.htm
  HTML page:      https://secwatch.observer/filing/0000779544-23-000009

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