Highest-materiality recent filing
SPAR Group Q1 net loss $553k; revenue down 10.3% to $30.5M, gross margin up to 22.3%
GAAP net loss $553k ($0.02/sh) vs net income $462k ($0.02/sh) in Q1 2025; adjusted diluted loss $0.01/sh.
SPAR Group settles arbitration with founder Robert Brown; extends CIC agreement to 2028
Settlement Agreement dismissed arbitration between SPAR and founder Robert G. Brown.
SPAR Group receives Nasdaq delisting notice for insufficient stockholders' equity
On April 2, 2026, Nasdaq notified SPAR that stockholders' equity of $622K is below the $2.5M minimum required for continued listing.
SPAR Group reports FY2025 net loss of $24.6M; adjusted EBITDA loss of $8.6M
GAAP net loss $24.6M ($1.04/diluted share) vs $3.2M loss in 2024.
SPAR Group issues FY2026 guidance: net sales $143-$151M, gross margins 20.5%-22.5%
FY2026 net sales guidance of $143M-$151M vs FY25 actual of $136.1M, implying 5%-11% growth.
SPAR Group subsidiary gets $4M unsecured loan from PC Group; issues 1M shares as consideration
SPAR Marketing Force borrows $4M at 8% fixed interest, 36-month term, monthly interest-only payments, principal due March 2029.
Nasdaq notified SPAR Group on Jan 12, 2026, that its common stock (SGRP) failed to maintain a $1.00 minimum bid price over 30 consecutive business days.
SPAR Group reports Q3 net loss of $8.8M; appoints William Linnane as CEO
GAAP net loss $8.8M ($0.37 diluted EPS); adjusted EPS loss $0.10.
SPAR Group extends credit facility to Oct 2027, increases US revolver to $30M, waives defaults
Term extended from Oct 2025 to Oct 2027; US revolver increased from $28M to $30M; Canadian facility increased to US$6M.
CEO Matacunas to retire Oct 3, gets $2M bonus; Linnane named President; two C-suite roles cut
Michael Matacunas resigns as President effective Aug 25; will retire as CEO on Oct 3, 2025.
SPAR Group Q2 revenue $38.6M, gross margin 23.5%, appoints three directors
Q2 net revenues $38.6M, up 13.5% sequentially; gross margin 23.5% vs 21.4% in Q1.
SPAR Group reports Q1 net income $0.5M; merger with Highwire Capital terminated
Net revenue $34.0M; net income from continuing ops $0.5M ($0.02 diluted EPS) vs $6.6M ($0.26) in Q1 2024 which included $7.2M non-cash gain.
SPAR Group restates FY2023-FY2024 financials; Brazilian JV sale misclassified as continuing ops
Audited financial statements for FY2023 and FY2024, and interim 2024 periods, should no longer be relied upon.
SPAR Group regains Nasdaq compliance for 10-K but receives new deficiency notice for Q1 10-Q
Nasdaq confirmed compliance on May 21 after SPAR filed 2024 Form 10-K late on May 16.
SPAR Group terminates merger with Highwire Capital; receives termination fee
Merger agreement dated Aug 30, 2024 terminated May 23, 2025 after deal missed closing deadline.
SPAR Group restates Q2/Q3 2024 financials; Brazilian JV sale accounting error
On May 14, 2025, management and Audit Committee determined unaudited Q2 and Q3 2024 financials should not be relied upon.
SPAR Group receives Nasdaq non-compliance notice for late filing of FY 2024 10-K
Nasdaq notified SPAR on April 23, 2025, that it failed to timely file its annual report for year ended December 31, 2024.
Nasdaq accepted compliance plan; annual meeting must be held by June 12, 2025 to avoid delisting.
Received Nasdaq Noncompliance Letter on Jan 3, 2025 for failing to hold annual meeting in 2024 as required by Listing Rule 5620.
SPAR Group shareholders approve $2.50/share merger with Highwire Capital
Special meeting held Oct 25, 2024; 11,891,675 voted for, 12,498 against, 1,174 abstained.
SPAR Group sets Oct 25 special meeting for $2.50/share merger vote with Highwire Capital
Special meeting to approve merger with Highwire Capital on Oct 25, 2024 at 12:00 p.m. ET via webcast.
SPAR Group faces two stockholder lawsuits over merger proxy; supplements disclosure
Two lawsuits filed Oct 9, 2024 in NY Supreme Court (Harrison and Fitzpatrick) allege proxy omitted material information.
SPAR Group to be acquired by Highwire Capital for $2.50 per share in cash
Merger consideration of $2.50 per share in cash; expected closing in Q4 2024.
SPAR Group Q2 net income $3.6M ($0.15 EPS), up 467% YoY; Americas revenue up 37% in U.S.
Net revenues $57.3M, with Americas segment $54.0M; gross profit $11.0M (19.2% margin).
SPAR Group closes Brazil holding company sale for ~$12M, simplifying structure
Closed sale of Brazilian holding company (majority stake in Brazil JV) on June 3, 2024 for ~$12M.
SPAR Group enters non-binding LOI to be acquired by Highwire Capital for $2.50/sh ($58M)
Highwire Capital offers $2.50 per share cash, ~$58M total, for all SPAR stock; represents 19% premium over 20-day avg and 107% over 12-month avg.
SPAR Q1 revenue $68.7M (+7% YoY); EPS $0.28 vs $0.04; includes $7.2M gain on sale
Net revenues $68.7M, up 7% YoY; operating income $9.6M, up 204% from $3.2M.
SPAR Group repurchases 1M shares from director Bartels at $1.80/share under 2024 buyback program
Approved private repurchase of 1,000,000 shares from director/co-founder William H. Bartels at $1.80 per share.
SPAR Group closes sale of South Africa Meridian stake for R181M; expects $22M total from SA & Brazil
Completed sale of 51% interest in South African JV Meridian for R180.7M (~$10M); 80% received at closing.
Q4 net revenue $65.1M (up 0.7%); Americas $49.2M, EMEA $8.8M, APAC $7.1M.
SPAR Group Q3 rev $67.3M (-3.6%), net income $259k; Nasdaq warns on bid price <$1
Q3 net revenue $67.3M (-3.6% YoY); gross profit $13.4M (19.9% margin vs 18.4% prior year).
SPAR Group Q2 2023 revenue down 2.7% to $65.9M; EPS $0.03 vs $0.05 prior year
Revenue $65.9M, -2.7% YoY; constant currency +0.8%. US merchandising +16%, Brazil +18%, Canada +48%.
SPAR Group Q1 revenue up 9.1% to $64.4M; operating income up 52% to $3.2M
Net revenues $64.4M (+9.1% YoY; +12.4% constant currency); Americas segment grew 13.0%.
SPAR Group corrects Q4 2022 earnings; reports record FY sales of $261M
Corrected FY 2022 net revenues record $261M, up 2.2% YoY (3.5% constant currency).
On May 6, 2025, the Board of Directors of SGRP (the " Board ") appointed Mr. James R. Brown, Sr. and Mr. Panagiotis Lazaretos to rejoin the Board as Directors, effectively immediately
On May 6, 2025, the Board of Directors of SGRP (the " Board ") appointed Mr. James R. Brown, Sr. and Mr. Panagiotis Lazaretos to rejoin the Board as Directors, effectively immediately
the Board of Directors of SGRP (the "Board") reappointed Mr. Peter W. Brown to the Board
Mr. Robert G. Brown was not reelected and ceased being a director on the Board pursuant to his non-candidacy, his resignation and retirement letter, and applicable law.
On October 1, 2023, the Board of Directors of SGRP (the " Board ") appointed Mr. John Bode and Ms. Linda Houston to the Board to fill the remaining vacancies for Super Independent Directors on the Board.
On October 1, 2023, the Board of Directors of SGRP (the " Board ") appointed Mr. John Bode and Ms. Linda Houston to the Board to fill the remaining vacancies for Super Independent Directors on the Board.
On September 7, 2023, in an e-mail to the Corporation, Mr. Sean M. Whelan resigned from the Corporation's Board of Directors, (the " Board ") and its Committees, effective September 30, 2023
On August 10, 2023, the Board of Directors of SGRP (the " Board ") appointed Mr. James R. Gillis to the Board, which he later accepted in writing on August 17, 2023.
On February 23, 2023, SGRP announced the appointment of Mr. Antonio Calisto Pato as the Corporation's Chief Financial Officer, effective February 27, 2023.
On February 1, 2023, SGRP's Vice President of Finance & Corporate Controller, Ms. Rohini Nedadur, will become SGRP's Interim Chief Financial Officer
Ms. Fay DeVriese will be leaving SGRP as its Chief Financial Officer, Secretary and Treasurer, effective as of January 31, 2023.
On January 25, 2022, the Board received written notices that James R. Brown, Sr. and Panagiotis Lazaretos intend to retire from all positions held with the Company.
Max materiality 0.90 · Median 0.65 · Most common event other_material