secwatch.observer — SEC 8-K summary
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Issuer:     ARK RESTAURANTS CORP (ARKR)
CIK:        0000779544
Form:       8-K
Filed at:   2025-12-15T23:59:59+00:00
Accession:  0000779544-25-000052
Event type: earnings
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud

Ark Restaurants Reports Q4 and Fiscal 2025 Results with Net Loss of $1.9M and Ongoing Bryant Park Litigation
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- Net loss for Q4 fiscal 2025 was $(1,919,000) or $(0.53) per share, compared to $(4,457,000) or $(1.24) per share in the prior year.
- Adjusted EBITDA for Q4 was negative $(1,071,000), down from positive $503,000, driven by over $400,000 in litigation expenses related to Bryant Park.
- Bryant Park Grill & Café and The Porch at Bryant Park accounted for $25.5 million (15.4%) of total revenue; leases expired and a lawsuit over new operator selection is ongoing.
- The company recognized a $3.44 million goodwill impairment in fiscal 2025 due to stock price decline and Bryant Park uncertainty, plus $4.7 million in impairment charges at its Sequoia property.
- A gain of $5.235 million was recorded from termination of the Tampa Food Court lease, while El Rio Grande closure resulted in a net gain of $173,000 after prior loss.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/779544/000077954425000052/0000779544-25-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/779544/000077954425000052/arkr-20251215.htm
  HTML page:      https://secwatch.observer/filing/0000779544-25-000052

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