{"schema_version":"secwatch.filing_event.v1","accession":"0001474903-24-000032","form_type":"8-K","ticker":"BGSF","cik":"0001474903","company_name":"BGSF, INC.","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.572064+00:00","generated_at":"2026-06-02T05:29:30.251448+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"BGSF Q1 revenue down 8.6% to $68.8M; adjusted EPS falls to $0.07 from $0.16 YoY","bullets":["Revenue $68.8M, down from $75.3M; gross profit $23.4M vs $26.8M.","Operating income $0.4M vs operating loss of $20.7M (includes $22.5M non-cash impairment in prior year).","Net loss $0.8M ($0.07 diluted EPS) vs net loss $16.5M ($1.54); adjusted EPS $0.07 vs $0.16.","Adjusted EBITDA $2.7M (3.9% of revenue) vs $4.3M (5.6%) a year ago; generated $7.4M operating cash flow.","CEO cites progress in Professional division with Workday partnership; Property Management facing industry competition."],"urls":{"canonical":"https://secwatch.observer/filing/0001474903-24-000032","json":"https://secwatch.observer/filing/0001474903-24-000032.json","markdown":"https://secwatch.observer/filing/0001474903-24-000032.md","text":"https://secwatch.observer/filing/0001474903-24-000032.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1474903/000147490324000032/0001474903-24-000032-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1474903/000147490324000032/bgsf-20240508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T05:29:30.251448+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":"d38491c3c3e8d778921d3a8a27f8dc1317bf8d92","claim":"BGSF, INC. reported first fiscal quarter ended March 31, 2024 results: revenue $68.8 million, net income ($0.8) million, or ($0.07) per diluted share.","evidence_excerpt":"and professional workforce solutions, today reported financial results for the first fiscal quarter ended March 31, 2024. Q1 2024 Highlights from Operations: • Revenues were $68.8 million for 2024, compared to $75.3 million for 2023. • Gross profit was $23.4 million, from $26.8 million in 2023. • Operating income was $0.4 million in 2024, up from an operating loss","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1474903/000147490324000032/0001474903-24-000032-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first fiscal quarter ended March 31, 2024"},{"label":"Revenue","value":"$68.8 million"},{"label":"Net income","value":"($0.8) million, or ($0.07) 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"}