---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-010501"
form_type: "8-K"
ticker: "SGRP"
cik: "0001004989"
company_name: "SPAR Group, Inc."
filed_at: "2024-04-02T23:59:59+00:00"
generated_at: "2026-06-04T03:15:33.532451+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SPAR Group Q4 revenue $65.1M; gross margin improves 210 bps; sells South Africa & Brazil JVs for ~$22M

## Summary
- Q4 net revenue $65.1M (up 0.7%); Americas $49.2M, EMEA $8.8M, APAC $7.1M.
- Q4 gross profit $14.9M (22.9% margin), up from 20.7% prior year (210 bps improvement).
- Full year 2023 revenue $262M (up ~1%); gross margin improved 160 bps to 21.1%.
- U.S. merchandising revenue grew 20% YoY; Canada merchandising & remodeling revenue up >50%.
- Signed sale agreements for South Africa & Brazil joint ventures; expected cash proceeds ~$22M USD.

## SEC filing metadata
- accession: 0001437749-24-010501
- form_type: 8-K
- ticker: SGRP
- cik: 0001004989
- company_name: SPAR Group, Inc.
- filed_at: 2024-04-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1004989/000143774924010501/0001437749-24-010501-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1004989/000143774924010501/sgrp20240328_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-010501
- JSON: https://secwatch.observer/filing/0001437749-24-010501.json
- Plain text: https://secwatch.observer/filing/0001437749-24-010501.txt

## Key facts
- Earnings Releases
  SPAR Group, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $65.1 million.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $65.1 million
  - Result: reported results
  source text: Net revenues were $65.1 million, comprised of $49.2 million from the Americas segment (75.7%), $8.8 million from EMEA (13.5%), and $7.1 million from APAC (10.8%).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1004989/000143774924010501/0001437749-24-010501-index.htm

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