---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-010494"
form_type: "8-K"
ticker: "SGRP"
cik: "0001004989"
company_name: "SPAR Group, Inc."
filed_at: "2023-04-18T23:59:59+00:00"
generated_at: "2026-06-17T00:20:04.812845+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-010494
- form_type: 8-K
- ticker: SGRP
- cik: 0001004989
- company_name: SPAR Group, Inc.
- filed_at: 2023-04-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1004989/000143774923010494/0001437749-23-010494-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1004989/000143774923010494/sgrp20230414_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-010494
- JSON: https://secwatch.observer/filing/0001437749-23-010494.json
- Plain text: https://secwatch.observer/filing/0001437749-23-010494.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1004989/000143774923010494/0001437749-23-010494-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.