SPAR Group corrects Q4 2022 earnings; reports record FY sales of $261M

SPAR Group, Inc.

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

Corrected FY 2022 net revenues record $261M, up 2.2% YoY (3.5% constant currency).
Q4 2022 net revenues $64.6M, up 7.7% (11.8% constant currency); Americas up 20.8%.
Q4 gross profit $13.4M (20.7% margin), up from $10.7M (17.7%) prior year.
Q4 net loss attributable to SPAR Group $2.5M ($0.11 per share) vs $4.4M ($0.21) prior year; adjusted net income $420K.
Correction fixes miscomputed Income before income taxes in original April 17 release; $2.5M goodwill impairment.

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 1.0

SPAR Group, Inc. reported financial results for the fiscal year and fourth quarter ended December 31, 2022.

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

Exact text from the filing

On April 25, 2023, the Company announced corrected financial results for the fiscal year and fourth quarter ended December 31, 2022, in a press release

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SPAR Group, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-011616

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