SPAR (US:SGRP) Globenewswire·2025-08-14 12:00Core Insights - SPAR Group, Inc. reported a strong second quarter with revenues of $38.6 million, reflecting a 13.5% sequential increase from the first quarter and a 5% increase year-over-year for the continuing U.S. and Canada businesses [2][9] - The company's gross margin improved to 23.5%, up from 21.4% in the first quarter and 20.6% in the same quarter last year [9] - SPAR Group has a robust pipeline with over $200 million in future business opportunities [2] Financial Performance - For the second quarter of 2025, net revenues were $38.6 million, a 13.5% increase from the first quarter, while net revenues for the first half of 2025 totaled $72.7 million [9] - The net income attributable to SPAR Group was essentially break-even at $0.00 per diluted share, compared to a loss of $3.9 million or ($0.16) per diluted share in the prior year quarter [9] - Adjusted EBITDA for the second quarter was $1.3 million, or 3.4% of sales, compared to $1.4 million, or 3.2% of sales in the prior year quarter [9] Liquidity and Financial Position - As of June 30, 2025, SPAR Group had total liquidity of $15.1 million, including $13.9 million in cash and cash equivalents [7] - The company ended the period with net working capital of $15.9 million [7] - Net cash used by operating activities for the first half of 2025 was $11.9 million [7] Operational Highlights - The company is well-positioned with a solid balance sheet and available liquidity, indicating a strong foundation for future growth [3] - SPAR Group has been focusing on expanding its services in North America, leveraging over 50 years of experience in merchandising and marketing [8]