SPAR Group, Inc. (NASDAQ:SGRP) Q2 2023 Earnings Conference Call August 14, 2023 10:00 AM ET Company Participants Sandy Martin - IR, Three Part Advisors Michael Matacunas - CEO Antonio Calisto Pato - CFO Conference Call Participants Theodore O'Neill - Litchfield Hills Research Operator Good morning, and welcome to the SPAR Group Second Quarter 2023 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] After the today’s presentation, there will be an opportun ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the first quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from __________ to __________. Commission file number 0-27408 SPAR GROUP, INC. (Exact name of Registrant as specified in i ...

SPAR Group, Inc. (NASDAQ:SGRP) Q4 2022 Results Conference Call April 17, 2023 10:00 AM ET Company Participants Sandy Martin - Three Part Advisors Mike Matacunas - Chief Executive Officer Antonio Calisto Pato - Chief Financial Officer Conference Call Participants Theodore O'Neill - Litchfield Hills Research Operator Good morning and welcome to the SPAR Group's fourth quarter and full year fiscal 2022 earnings conference call. [Operator Instructions] Please note this event is being recorded. I'd now like to t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from to Commission file number 0-27408 SPAR GROUP, INC. (Exact name of registrant as specified in its charter) | Delaware | 33-0684451 | | --- | --- | | (State or other ...

Financial Data and Key Metrics Changes - Total revenue for Q3 2022 was $70 million, reflecting a 4% increase year-over-year on a reported basis and a 7% increase on a constant currency basis [9][24] - Gross margin for Q3 was 18.4%, slightly down from 18.7% in the previous year [17][26] - Consolidated operating income was $1.7 million, down 35% from the same period last year [20][27] - Net loss attributable to SPAR Group Inc. for Q3 was $32,000 compared to a net income of $1.2 million in the year-ago quarter [28] Business Line Data and Key Metrics Changes - Americas segment reported record revenue of $53.7 million, an increase of 7.8%, with U.S. revenue growing by 13% to $32.5 million [11][30] - EMEA segment reported revenue of $8.9 million, down 7.3%, but up 8.3% on a constant currency basis [14][24] - APAC segment reported revenue of $7.1 million, a decline of 9.8%, with a slight improvement of 0.4% on a constant currency basis [15][24] Market Data and Key Metrics Changes - The Americas segment accounted for 77% of total business, while EMEA and APAC represented 14% and 10% respectively [17][30] - The APAC market, while making up approximately 10% of overall revenue, is considered immaterial to the bottom line [16] Company Strategy and Development Direction - The company is exploring strategic alternatives to maximize shareholder value, including potential mergers or divestitures [40] - SPAR Group is optimistic about business prospects, particularly in the retail sector, despite low consumer confidence and rising interest rates [41][42] - The company is focusing on expanding its merchandising services and leveraging technology to enhance operational efficiency [19][60] Management's Comments on Operating Environment and Future Outlook - Management noted that while there are challenges from COVID lockdowns in China and Japan, these markets are not significant contributors to the bottom line [67][68] - The company remains focused on growing its top line and improving gross profits, with expectations of continued growth in the Americas [20][41] Other Important Information - The company repurchased 74,000 shares of common stock under its authorized share repurchase program [37] - SPAR Group has invested in resources to support distribution centers, with over 200 people working to fulfill online orders for the holiday season [53] Q&A Session Summary Question: Revenue acceleration in the Americas - Management indicated that the revenue growth is due to both market share gains and comparisons to lower COVID-impacted periods [66] Question: Impact of inflation and COVID lockdowns - Management confirmed ongoing impacts from COVID lockdowns in China and Japan, but emphasized that these are not large contributors to overall performance [67] Question: SG&A increases - Management expects some SG&A increases to continue into Q4, primarily due to strategic alternative process-related fees [69] Question: Current assets and liabilities - Management expressed confidence in the company's financial position, clarifying that the balance sheet reflects healthy operations [76][77] Question: Competition and visibility in the market - Management is actively working to increase visibility with Wall Street through investor relations efforts [78] Question: Revenue recognition from multibillion-dollar deals - Management explained that revenue from new contracts is recognized over time, typically quarterly, as services are rendered [84][88]

SPAR Group, Inc. (NASDAQ:SGRP) Q2 2022 Earnings Conference Call August 16, 2022 10:00 AM ET Corporate Participants Phillip Kupper - Three Part Advisors Mike Matacunas - Chief Executive Officer Fay DeVriese - Chief Financial Officer Conference Call Participants Theodore O'Neill - Litchfield Hills Research Operator Good morning and welcome to the SPAR Group Second Quarter 2022 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instruction]. Please note today's event is ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the second quarterly period ended June 30, 2022. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from __________ to __________. Commission file number 0-27408 SPAR GROUP, INC. (Exact name of Registrant as specified in ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the first quarterly period ended March 31, 2022. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from __________ to __________. Commission file number 0-27408 SPAR GROUP, INC. (Exact name of Registrant as specified in ...

SPAR Group, Inc. (NASDAQ:SGRP) Q1 2022 Earnings Conference Call May 16, 2022 11:00 AM ET Company Participants Mike Matacunas – President and Chief Executive Officer Fay DeVriese – Chief Financial Officer Sandy Martin – Investor Relations Conference Call Participants Operator Good day and welcome to the SPAR Group. First Quarter 2022 Financial Results Conference Call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by [Operator Instruction]. P ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from to Commission file number 0-27408 SPAR GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 33-0684451 (State or other jurisdiction of incor ...