---
schema_version: "secwatch.filing_event.v1"
accession: "0000779544-23-000040"
form_type: "8-K"
ticker: "ARKR"
cik: "0000779544"
company_name: "ARK RESTAURANTS CORP"
filed_at: "2023-12-18T23:59:59+00:00"
generated_at: "2026-06-07T11:33:13.320600+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ark Restaurants reports Q4 net loss of $10.4M, records $10M goodwill impairment

## Summary
- Net loss Q4 $(10.4)M ($(2.88)/share) vs net income $0.8M ($0.21) last year; FY net loss $(5.9)M ($(1.65)/share).
- Total revenues Q4 fell 5.3% to $44.4M; same-store sales decreased 4.7%.
- Recorded $10M non-cash goodwill impairment due to stock price volatility and lease expirations at Bryant Park Grill & Cafe (Apr 2025).
- Adjusted EBITDA Q4 dropped to $585K from $2.35M YoY; FY adjusted EBITDA $9.3M vs $14.0M.
- Cash and equivalents $13.4M, total debt $7.2M as of Sep 30, 2023.

## SEC filing metadata
- accession: 0000779544-23-000040
- form_type: 8-K
- ticker: ARKR
- cik: 0000779544
- company_name: ARK RESTAURANTS CORP
- filed_at: 2023-12-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/779544/000077954423000040/0000779544-23-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/779544/000077954423000040/arkr-20231218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000779544-23-000040
- JSON: https://secwatch.observer/filing/0000779544-23-000040.json
- Plain text: https://secwatch.observer/filing/0000779544-23-000040.txt

## Key facts
- Earnings Releases
  ARK RESTAURANTS CORP reported financial results for the fourth quarter and fiscal year ended September 30, 2023.
  - Period: the fourth quarter and fiscal year ended September 30, 2023
  - Result: reported results
  source text: On December 18, 2023 Ark Restaurants Corp. (the “Company”) issued a press release announcing financial results for the fourth quarter and fiscal year ended 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/779544/000077954423000040/0000779544-23-000040-index.htm

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