Ark Restaurants Q2 net loss widens to $0.40/share; adjusted EBITDA negative $321K

ARK RESTAURANTS CORP

2024-Q2 EPS reported -$0.02 revenue$89,743,000

Net loss of $1.45M ($0.40 per share) vs net loss of $0.48M ($0.13) a year ago.
Adjusted EBITDA turned negative to $(321K) from $1.0M in Q2 2023.
Revenue rose slightly to $42.3M from $41.9M; Gallagher's renovation weighed ($2.1M vs $0.7M).
Cash $10.4M, total debt $6.2M; declared $0.1875 quarterly dividend payable June 12.
26-week net loss $79K (incl. $285K PPP forgiveness) vs net income $1.24M a year ago.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

ARK RESTAURANTS CORP reported financial results for second quarter ended March 30, 2024.

Period: second quarter ended March 30, 2024
Result: reported results

Exact text from the filing

On May 13, 2024 Ark Restaurants Corp. (the “Company”) issued a press release announcing financial results for the second quarter of 2024.

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Source: SEC EDGAR

accession 0000779544-24-000031

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