---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-011616"
form_type: "8-K"
ticker: "SGRP"
cik: "0001004989"
company_name: "SPAR Group, Inc."
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T05:59:54.418568+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-011616
- form_type: 8-K
- ticker: SGRP
- cik: 0001004989
- company_name: SPAR Group, Inc.
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1004989/000143774923011616/0001437749-23-011616-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1004989/000143774923011616/sgrp20230426_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-011616
- JSON: https://secwatch.observer/filing/0001437749-23-011616.json
- Plain text: https://secwatch.observer/filing/0001437749-23-011616.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1004989/000143774923011616/0001437749-23-011616-index.htm

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