secwatch.observer — SEC 8-K summary
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Issuer:     ARK RESTAURANTS CORP (ARKR)
CIK:        0000779544
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0000779544-25-000023
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ark Restaurants Q2 net loss $9.3M on $39.7M revenue; Bryant Park lease dispute threatens 15% of sales
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- Q2 net loss $9.26M ($2.57/share) vs $1.45M loss YoY; includes $4.8M deferred tax valuation allowance.
- Q2 revenue $39.7M, down 6% YoY; same-store sales ex-closed units up 0.4%.
- Adjusted EBITDA negative $(691K) vs $(321K) YoY; 26-week loss $6.1M.
- Bryant Park Grill & Cafe and Porch leases expired; lawsuit filed after losing RFP; injunction denied; represent 15% of revenue.
- Cash $11.1M, debt $4.3M; permanently closed El Rio Grande and Tampa Food Court.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/779544/000077954425000023/0000779544-25-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/779544/000077954425000023/arkr-20250512.htm
  HTML page:      https://secwatch.observer/filing/0000779544-25-000023

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