---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-005807"
form_type: "8-K"
ticker: null
cik: "0000933738"
company_name: "ENGLOBAL CORP"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T08:14:34.777943+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# ENGlobal Q1 revenue down 51% YoY to $6.5M; net loss narrows to $1.4M

## Summary
- Net loss of $1.4M ($0.27 per diluted share) vs loss of $6.3M ($1.33) a year ago.
- Revenue $6.5M, down from $13.2M; gross profit improved to $464K from ($1.8M).
- SG&A expense reduced to $2.0M from $4.4M; billable resource utilization above 80%.
- Backlog $10.8M; booked $5.7M in new business in Q1.
- CEO cites ongoing restructuring, path to profitability, and potential strategic partner discussions.

## SEC filing metadata
- accession: 0001654954-24-005807
- form_type: 8-K
- cik: 0000933738
- company_name: ENGLOBAL CORP
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/933738/000165495424005807/0001654954-24-005807-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/933738/000165495424005807/eng_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-005807
- JSON: https://secwatch.observer/filing/0001654954-24-005807.json
- Plain text: https://secwatch.observer/filing/0001654954-24-005807.txt

## Key facts
- Earnings Releases
  ENGLOBAL CORP reported the three-months ended March 30, 2024 results: revenue $6.5 million, net income Net loss in the quarter was $1.4 million, EPS $0.27 per fully diluted share.
  - Period: the three-months ended March 30, 2024
  - Revenue: $6.5 million
  - Net income: Net loss in the quarter was $1.4 million
  - EPS: $0.27 per fully diluted share
  - Result: reported results
  source text: are on a path to profitability through improved operating efficiencies and a commitment to enhanced project execution.” Revenues for the three months ended March 30, 2024 were $6.5 million compared to $13.2 million for the same period in 2023. Net loss in the quarter was $1.4 million, compared to a net loss of $6.3 million in the same quarter a year ago. ENGlobal
  evidence_url: https://www.sec.gov/Archives/edgar/data/933738/000165495424005807/0001654954-24-005807-index.htm

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