secwatch.observer — SEC 8-K summary
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Issuer:     ARK RESTAURANTS CORP (ARKR)
CIK:        0000779544
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0000779544-24-000031
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/779544/000077954424000031/0000779544-24-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/779544/000077954424000031/arkr-20240513.htm
  HTML page:      https://secwatch.observer/filing/0000779544-24-000031

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