M&A
confidence high
sentiment neutral
materiality 0.50
BGSF provides audited financials for acquired Horn Solutions; nine-month revenue $22.9M
BGSF, INC.
- Horn Solutions revenue $23.1M in FY2021; $22.9M in 9mo 2022 (unaudited).
- Net income $6.1M in FY2021 (includes $5.2M PPP loan forgiveness); $2.9M in 9mo 2022.
- Cash and equivalents $6.6M at Sep 30, 2022; notes payable to stockholders $925K.
- Unaudited pro forma combined balance sheet and income statements filed for Sept 25, 2022 and Dec 26, 2021.
- Acquisition of substantially all assets of Horn Solutions closed Dec 12, 2022.