secwatch.observer — SEC 8-K summary
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Issuer:     SPAR Group, Inc. (SGRP)
CIK:        0001004989
Form:       8-K
Filed at:   2026-05-12T12:15:14+00:00
Accession:  0001437749-26-016244
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPAR Group Q1 net loss $553k; revenue down 10.3% to $30.5M, gross margin up to 22.3%
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- GAAP net loss $553k ($0.02/sh) vs net income $462k ($0.02/sh) in Q1 2025; adjusted diluted loss $0.01/sh.
- Revenue $30.5M, down 10.3% YoY; U.S. down 11.7% (lower Remodel), Canada up 3%; U.S. merchandising up 5%.
- Gross margin 22.3%, up 90 bps; Adjusted EBITDA $737k vs $1.5M prior year; reiterated FY2026 guidance: sales $143-151M.
- Settlement with co-founder Robert G. Brown reached; cash $4.3M, working capital $18.0M (excl. debt); target 25% gross margins.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1004989/000143774926016244/0001437749-26-016244-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1004989/000143774926016244/sgrp20260430_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-016244

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer