secwatch.observer — SEC 8-K summary
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Issuer:     SPAR Group, Inc. (SGRP)
CIK:        0001004989
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0001437749-23-011616
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1004989/000143774923011616/0001437749-23-011616-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1004989/000143774923011616/sgrp20230426_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-011616

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