secwatch.observer — SEC 8-K summary
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Issuer:     BGSF, INC. (BGSF)
CIK:        0001474903
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001474903-24-000069
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BGSF reports Q2 net loss of $0.8M; revenue drops 16% YoY to $68.1M
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- Revenue $68.1M, down 16% from $80.8M in Q2 2023; net loss $0.8M vs net income $2.6M.
- GAAP diluted EPS loss $0.07 vs EPS $0.24 in Q2 2023; adjusted EPS $0.07.
- Property Management segment revenue $25.7M (down 17% YoY); Professional $42.4M (down 15% YoY).
- Gross margin 35% vs 37% in Q2 2023; adjusted EBITDA $2.6M (3.8% of revenue).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474903/000147490324000069/0001474903-24-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474903/000147490324000069/bgsf-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001474903-24-000069

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