---
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"
generated_at: "2026-06-02T05:29:30.251448+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# BGSF Q1 revenue down 8.6% to $68.8M; adjusted EPS falls to $0.07 from $0.16 YoY

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001474903-24-000032
- JSON: https://secwatch.observer/filing/0001474903-24-000032.json
- Plain text: https://secwatch.observer/filing/0001474903-24-000032.txt

## Key facts
- Earnings Releases
  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.
  - Period: first fiscal quarter ended March 31, 2024
  - Revenue: $68.8 million
  - Net income: ($0.8) million, or ($0.07) per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1474903/000147490324000032/0001474903-24-000032-index.htm

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