secwatch.observer — SEC 8-K summary
======================================

Issuer:     BGSF, INC. (BGSF)
CIK:        0001474903
Form:       8-K
Filed at:   2025-03-13T23:59:59+00:00
Accession:  0001474903-25-000014
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BGSF Q4 revenue $64.4M, net loss $1.0M; FY record operating cash flow $24M
--------------------------------------------------------------------------

- Q4 2024 revenue $64.4M, down from $73.6M in Q4 2023 and $71.2M in Q3 2024.
- Net loss $1.0M ($0.10 per diluted share) in Q4 vs net income $1.0M in Q4 2023.
- Adjusted EBITDA $1.4M (2.2% of revenue) in Q4, down from $3.4M (4.8%) in Q3.
- Property Management revenues fell 18.5% sequentially; Professional segment down 3.0% primarily due to fewer billing days.
- Fiscal year 2024 generated record operating cash flow of $24 million; company re-baselined costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474903/000147490325000014/0001474903-25-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474903/000147490325000014/bgsf-20250312.htm
  HTML page:      https://secwatch.observer/filing/0001474903-25-000014

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