Spar Group Inc Stock Price, News & Analysis

SPAR Group, Inc. (NASDAQ: SGRP) will announce its fiscal 2022 third quarter financial results on November 14, 2022, before the market opens. CEO Mike Matacunas and CFO Fay DeVriese will lead a teleconference at 10:00 AM Eastern to discuss the results, followed by a Q&A session. SPAR provides a wide range of merchandising and marketing services globally, leveraging over 50 years of experience and more than 25,000 merchandising specialists.

SPAR Group, Inc. (NASDAQ: SGRP) announced on September 8, 2022, that its Board of Directors has started a review of strategic alternatives to enhance shareholder value. These options include a potential sale, merger, or recapitalization, among others. The company has engaged Lincoln International LLC as financial advisors for this evaluation. CEO Mike Matacunas emphasized the company's solid financial position, highlighted by over 90% revenue growth in the last five years, but noted that the stock trades below industry averages.

SPAR Group, Inc. (NASDAQ: SGRP) announced participation in the Midwest IDEAS Investor Conference on August 25, 2022, in Chicago, IL. The presentation, featuring CEO Mike Matacunas and CFO Fay DeVriese, is set for 9:30 AM CT and will be webcasted for broader access. The conference aims to connect quality companies with investment professionals in a non-traditional format, highlighting a commitment to transparency and regional investment communities. For more details, visit the conference website.

SPAR Group, Inc. (NASDAQ: SGRP) reported Q2 2022 net revenues of $67.8 million, a 1% increase from last year. Operating income rose 25% to $2.4 million, and net income surged 123% to $1.1 million or $0.05 per share. The Americas segment, accounting for 79% of revenue, saw a 4% increase, with U.S. revenues reaching a record $31.6 million, up 16%. Despite challenges, including a 27.2% decline in APAC revenue due to pandemic lockdowns in China, gross profit margin improved to 19.1%. Total liquidity at quarter-end was $16 million, with $12.4 million in cash.

SPAR Group, Inc. (NASDAQ: SGRP) will unveil its fiscal 2022 second quarter financial results on August 16, 2022, before market opening. The release will be followed by a teleconference featuring CEO Mike Matacunas and CFO Fay DeVriese at 10:00 AM Eastern, including a Q&A session. SPAR Group specializes in merchandising and marketing services, boasting over 50 years of experience and more than 25,000 specialists globally, conducting an average of 200,000 store visits weekly.

SPAR Group, Inc. (NASDAQ: SGRP) will participate in the virtual East Coast IDEAS Investor Conference on June 23, 2022. Presenters include CEO Mike Matacunas and CFO Fay DeVriese. The presentation will be available on June 22 at 6:00 am ET, accessible via the conference site and SPAR's investor relations webpage. IDEAS Conferences aim to provide quality companies a platform to present to investment professionals. With over 25,000 team members globally, SPAR specializes in merchandising and marketing services, fostering long-term relationships with leading retailers and manufacturers.

SPAR Group (NASDAQ: SGRP) has authorized a new share buyback program allowing the repurchase of up to 500,000 shares in the open market. This decision reflects management's confidence in the company's long-term growth and commitment to enhancing shareholder value. The plan will be funded through existing cash balances and may be modified or terminated by the Board. The buyback program is set to conclude by May 12, 2023, with timing influenced by market conditions and the company's cash flow.

SPAR Group, Inc. (NASDAQ: SGRP) reported first-quarter 2022 earnings of $0.03 per share, with net revenues of $59 million, down 3.4% year-over-year. The Americas segment faced a 4.9% revenue decline, while EMEA saw a 19.5% increase. Gross profit remained stable at 20.1% of revenues. SG&A expenses rose to $9.3 million due to post-pandemic normalization costs. Operating income decreased to $2.1 million from $2.7 million, and adjusted EBITDA fell to $2.4 million. Company liquidity was $18 million, with cash reserves of $14 million, as of March 31, 2022.

SPAR Group, Inc. (NASDAQ: SGRP) will release its fiscal 2022 first quarter financial results on May 16, 2022, before market opening. A live conference call is scheduled for the same day at 11:00 AM Eastern. Investors can participate by phone or via the webcast available on SPAR's Investor Relations website. The replay will be accessible until May 23. SPAR Group, with over 50 years of experience, offers a wide array of merchandising and marketing services globally, boasting over 25,000 merchandising specialists and a significant number of store visits weekly.