---
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"
generated_at: "2026-06-11T08:14:14.540056+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SPAR Group Q2 2023 revenue down 2.7% to $65.9M; EPS $0.03 vs $0.05 prior year

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-023944
- JSON: https://secwatch.observer/filing/0001437749-23-023944.json
- Plain text: https://secwatch.observer/filing/0001437749-23-023944.txt

## Key facts
- Earnings Releases
  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.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $65.9 million
  - Net income: $639 thousand, or $0.03 per share
  - EPS: $0.03 per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1004989/000143774923023944/0001437749-23-023944-index.htm

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