SPAR Group reports record full-year sales of $261M; Q4 revenue up 7.7%

SPAR Group, Inc.

2023-Q1 EPS reported $0.04 revenue$64,380,000

Full-year net revenues of $261.0M, +2.2% YoY (+3.5% constant currency).
Q4 net revenues of $64.6M (+7.7% YoY; +11.8% constant currency).
Q4 gross profit $13.4M (20.7% of revenue), up 300 bps from 17.7% a year ago.
Q4 operating loss improved to $0.76M from $3.1M in prior-year quarter.
Recorded $2.5M non-cash goodwill impairment; exploring strategic alternatives.

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 the fiscal year and fourth quarter ended December 31, 2022 results: revenue $261 million.

Period: the fiscal year and fourth quarter ended December 31, 2022
Revenue: $261 million
Result: reported results

Exact text from the filing

SPAR Group, Inc. Reports Fourth Quarter and Fiscal 2022 Results, Achieves Record Full Year Sales of $261 million, Up 2.2%, Up 3.5% Constant Currency Momentum Continues in Fourth Quarter with Revenues of $64.6 million, Up 7.7% and Up 11.8% Constant Currency

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Source: SEC EDGAR

accession 0001437749-23-010494

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