{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-023944","form_type":"8-K","ticker":"SGRP","cik":"0001004989","company_name":"SPAR Group, Inc.","filed_at":"2023-08-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.831423+00:00","generated_at":"2026-06-11T08:14:14.540056+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"SPAR Group Q2 2023 revenue down 2.7% to $65.9M; EPS $0.03 vs $0.05 prior year","bullets":["Revenue $65.9M, -2.7% YoY; constant currency +0.8%. US merchandising +16%, Brazil +18%, Canada +48%.","GAAP net income $639k ($0.03/share) vs $1.1M ($0.05); Non-GAAP net income $696k ($0.03).","Adjusted EBITDA $2.6M vs $3.0M; gross margin improved 80bps to 19.9%.","Cash from operations $6.7M YTD; total liquidity $19.8M ($10.9M cash).","No update on strategic alternatives review; continues to explore options."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-023944","json":"https://secwatch.observer/filing/0001437749-23-023944.json","markdown":"https://secwatch.observer/filing/0001437749-23-023944.md","text":"https://secwatch.observer/filing/0001437749-23-023944.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1004989/000143774923023944/0001437749-23-023944-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1004989/000143774923023944/sgrp20230814_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T08:14:14.540056+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d7270735e27c95432addf018d53c97f0d1df7b3d","claim":"SPAR Group, Inc. reported the second quarter ended June 30, 2023 results: revenue $65.9 million, net income $639 thousand, or $0.03 per share, EPS $0.03 per share.","evidence_excerpt":"growing the business, serving our clients and supporting our employees and joint venture partners,” concluded Matacunas. Second Quarter 2023 Financial Results Net revenues were $65.9 million, comprised of $52.1 million from Americas (79.0%) and $8.2 million from EMEA (12.4%), and $5.7 million from APAC (8.6%). Total net revenue decreased by 2.7%, up 0.8% on a","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774923023944/0001437749-23-023944-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended June 30, 2023"},{"label":"Revenue","value":"$65.9 million"},{"label":"Net income","value":"$639 thousand, or $0.03 per share"},{"label":"EPS","value":"$0.03 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}