secwatch.observer — SEC 8-K summary
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Issuer:     BGSF, INC. (BGSF)
CIK:        0001474903
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001474903-24-000087
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BGSF Q3 net loss of $0.8M on $71.2M revenue; YoY revenue down 15%
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- Revenue $71.2M, down 15% from $83.5M a year ago; net loss $0.8M vs net income $2.6M in Q3 2023.
- Adjusted EPS $0.10 vs $0.07 in Q2 2024; adjusted EBITDA $3.2M (4.5% of revenue) vs $2.6M in Q2.
- Property Management revenue up 15.9% sequentially to $29.8M but down from $36.0M YoY; Professional revenue down 2.5% from Q2.
- Gross profit margin 34.2% vs 35.9% a year ago; operating income $0.5M vs $5.3M in Q3 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474903/000147490324000087/0001474903-24-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474903/000147490324000087/bgsf-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001474903-24-000087

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