secwatch.observer — SEC 8-K summary
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Issuer:     ENGLOBAL CORP (—)
CIK:        0000933738
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001654954-24-005807
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933738/000165495424005807/0001654954-24-005807-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933738/000165495424005807/eng_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-005807

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