v3.25.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Net revenues $ 34,041 $ 49,396
Cost of revenue:    
Field Management 2,334 2,240
Direct Expenses 24,432 37,444
Total cost of revenue 26,766 39,684
Gross profit 7,275 9,712
Selling, general and administrative expense 5,872 7,723
Gain on sale of businesses 0 (7,157)
Depreciation and amortization 367 475
Operating income 1,036 8,671
Interest expense 469 475
Other (income) expense, net (9) 7
Income before income tax expense 576 8,189
Income tax expense 114 1,393
Income from continuing operations 462 6,796
Discontinued Operations    
Income from discontinued operations 0 (846)
Income tax expense 0 (461)
Net income from discontinued operations 0 385
Net income 462 7,181
Net income attributable to non-controlling interest 0 (554)
Net income attributable to SPAR Group, Inc. $ 462 $ 6,627
Basic earnings per common share attributable to SPAR Group, Inc. from continuing operations (in dollars per share) $ 0.02 $ 0.26
Diluted earnings per common share attributable to SPAR Group, Inc. from continuing operations (in dollars per share) 0.02 0.26
Basic earnings per common share attributable to SPAR Group, Inc. from discontinued operations (in dollars per share) 0 0.02
Diluted earnings per common share attributable to SPAR Group, Inc. from discontinued operations (in dollars per share) 0 0.02
Basic earnings per common share attributable to SPAR Group, Inc. (in dollars per share) 0.02 0.28
Diluted earnings per common share attributable to SPAR Group, Inc. (in dollars per share) $ 0.02 $ 0.28
Weighted-average common shares outstanding – basic (in shares) 23,450 23,817
Weighted-average common shares outstanding – diluted (in shares) 23,552 24,013
Net income $ 462 $ 7,181
Other comprehensive loss    
Foreign currency translation adjustments (89) (2,520)
Comprehensive income 373 4,661
Comprehensive loss attributable to non-controlling interest 0 490
Comprehensive income attributable to SPAR Group, Inc. $ 373 $ 5,151