SPAR Group Q3 net loss $32K vs profit; revenue rises 3.6% to $69.8M

SPAR Group, Inc.

2023-Q3 EPS reported $0.08 revenue$196,626,000

Q3 net revenues $69.8M, up 3.6% YoY (7.2% constant currency); Americas up 7.8%.
Net loss attributable to SPAR Group $32K ($0.00/share) vs net income $1.2M ($0.06) prior year.
Adjusted EBITDA attributable to SPAR Group $1.2M, down from $2.4M prior year.
U.S. merchandising +15% and remodel +62% YoY; APAC revenue -9.8% on Covid headwinds.
Cash and equivalents $12.1M; net working capital $24.7M.

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 0.9

SPAR Group, Inc. reported first nine months ended September 30, 2022 results: revenue $196.6 million, net income $1.8 million, EPS $0.08 per share.

Period: first nine months ended September 30, 2022
Revenue: $196.6 million
Net income: $1.8 million
EPS: $0.08 per share
Result: reported results

Exact text from the filing

First Nine Months 2022 Financial Results Net revenues were $196.6 million, comprised of $150.0 million from Americas (76%) and $27.3 million from EMEA (14%), and $19.4 million from APAC (10%).

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SPAR Group, Inc. reported third quarter ended September 30, 2022 results: revenue $69.8 million, net income $32 thousand, EPS $0.00 per share.

Period: third quarter ended September 30, 2022
Revenue: $69.8 million
Net income: $32 thousand
EPS: $0.00 per share
Result: reported results

Exact text from the filing

SPAR Group, Inc. Reports Fiscal 2022 Third Quarter Results November 14, 2022 Quarterly Net Revenues $69.8 million, Up 3.6% or 7.2% Adjusted for Constant Currency Growth Reflects Strong Americas Business Fueled by In-Store Merchandising and Store Remodel Business

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Source: SEC EDGAR

accession 0001437749-22-027412

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