{"schema_version":"secwatch.filing_event.v1","accession":"0001474903-23-000066","form_type":"8-K","ticker":"BGSF","cik":"0001474903","company_name":"BGSF, INC.","filed_at":"2023-05-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.975286+00:00","generated_at":"2026-06-15T03:58:21.143959+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"BGSF Q1 2023 revenue up 9.9% to $75.3M, net loss $(16.5)M on $22.5M impairment charge","bullets":["Revenues $75.3M (+9.9% YoY); gross profit $26.8M (+14.3%); gross margin 35.6% (+140 bps).","Net loss from continuing ops $(16.5)M ($1.54 diluted EPS) includes $22.5M non-cash impairment of trade names.","Adjusted EBITDA $4.3M (up from $3.9M); adjusted EPS $0.16 (vs $0.23 in 2022), impacted by Horn acquisition debt and higher rates.","Company cites Horn Solutions acquisition driving Professional segment growth; recently acquired Arroyo Consulting for nearshore/offshore IT.","Rebranding to single BGSF name underway; management cautiously optimistic despite uncertain economy."],"urls":{"canonical":"https://secwatch.observer/filing/0001474903-23-000066","json":"https://secwatch.observer/filing/0001474903-23-000066.json","markdown":"https://secwatch.observer/filing/0001474903-23-000066.md","text":"https://secwatch.observer/filing/0001474903-23-000066.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1474903/000147490323000066/0001474903-23-000066-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1474903/000147490323000066/bgsf-20230510.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T03:58:21.143959+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":"ef52d4e75d2672c5a73aab7549a409162ae852d3","claim":"BGSF, INC. reported first quarter ended April 2, 2023 results: revenue $75.3 million, net income $(16.5) million, EPS $(1.54) per diluted share.","evidence_excerpt":"services, and workforce solutions, today reported financial results for its first quarter ended April 2, 2023. Q1 2023 Highlights from Continuing Operations: • Revenues were $75.3 million, up 9.9% from 2022. • Gross profit was $26.8 million, up 14.3% from 2022. Gross profit percent increased 140 basis points to 35.6% in 2023. • Operating income (loss) includes a","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1474903/000147490323000066/0001474903-23-000066-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended April 2, 2023"},{"label":"Revenue","value":"$75.3 million"},{"label":"Net income","value":"$(16.5) million"},{"label":"EPS","value":"$(1.54) per diluted 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"}